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Thursday, 25 April 15:53 (GMT -05:00)



Foreign exchange market

Bitcoin Gold Crashes on the First Trading Day


Yesterday, on October 25th, Bitcoin Gold became available for public trading. However, the first trading day turned out to be a nightmare for the founders. BTG crashed by roughly 70% over the first trading hours. According to Coinmarketcap, shortly before the launch, the exchange rate was 480 USD/BTG, but a few hours later it crashed all the way down to 157 USD/BTG.

 
 
The holders of Bitcoin could get free BTG during the process of hard-forking, the way it was during the launch of Bitcoin Cash in August. However, the new currency failed miserably, and this pushed more and more of those new investors to dump BTG for more stable assets.
 
It’s interesting to note that the BTG crash didn’t shock everyone. For some representatives of the international community, this was an expected thing. for example, Anatoly Radchenko, managing partner of United Traders, called Bitcoin Gold a fake with no future. He expects BTG to go down in value even more in the coming weeks.
 
Experts also say that before the official start (hard-forking), the founders of Bitcoin Gold mined themselves tons of BTG, which is something that clearly reduced investor interest in the new digital currency. According to Valery Smal, editor at Happy Coin Club, pre-mining is a sign of fraud, and that’s why savvy investors decided to quit.
 
Market Leader reports that Bitcoin Gold affected the conventional Bitcoin version as well. Yesterday, BTC got 2,6% cheaper. This confirmed the forecasts that Bitcoin would suspend the rally (a couple of days ago, BTC set another all-time high around $6200). 
 

 

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ETH's At Local Highs: What's In For Ethereum And ICO?

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Publication date: 17 April 10:42 AM

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Publication date: 15 April 10:54 AM

Weekly Forex and Crypto Prediction by NordFX. Mid-April 2019

Any exchange rate between any two currencies is the result of multiple factors affecting the currency pair at any given moment. At the same time, those exchange rates themselves are actually capable of affecting other processes important to specific countries and even the entire world.

Publication date: 09 April 11:01 AM

Weekly USD, GBP, and EUR Forecasts by FortFS

Last week, almost all of the emerging currencies gained some value against the U.S. Dollar. On the contrary, the so-called G10 basket of currencies stayed withing a rather narrow price range against the dollar, with the New Zealand Dollar being the only exception (it devalued by 1% over the reporting period).
 
Publication date: 08 April 12:06 PM

Near-Term Predictions for Russian Ruble by FortFS

On Monday, the Russian Ruble exchange rate increased by 0,9% up and reached 64 rubles per dollar. The Russian currency managed to regain a part of Friday's loss. Russian assets (currency and bonds) had gained support from a exposure reduction slowdown coupled with higher oil prices. 

Publication date: 03 April 10:16 AM

Billionaire Predicts Major Rally for Bitcoin

Michael Novogratz, a billionaire and investment banker, thinks that the Bitcoin exchange rate is going to skyrocket within the next 20 years. In particular, he believes that in two decades, the market cap of the world's first cryptocurrency will exceed the one of gold. For that, the BTC rate will have to increase by 10000% to reach 7,5 trillion dollars.

Publication date: 26 March 12:32 PM

Alpari Eurasia Joins Belarus Association of Financial Market Development

 In order to stay ahead of the rivals, forex companies have to keep on improving, introducing new products and services, innovating, expanding their presence in the global market. Alpari has reported about joining the Association of Financial Market Development in the Republic of Belarus. The decision was made on March 2019, given Alpari's significant contribution to the development and improvement of the local forex industry.

Publication date: 14 March 12:31 PM

NordFX Shares Forex and Cryptocurrency Forecasts for Mid-March 2019

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FxPro Conducts Professional Training for Forex Traders

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Publication date: 10 March 05:52 AM

NordFX Shares Forex and Cryptocurrency Forecasts for Early March 2019

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Publication date: 03 March 11:09 AM