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Thursday, 22 October 12:51 (GMT -05:00)



Stock and commodities markets

Bitcoin Sets New All-Time High At 7848 USD/BTC


Bitcoin, the world’s most popular cryptocurrency, has set another all-time high. The developers decided to abandon the idea of Segwit2x protocol. The news pushed the BTC exchange rate all the way up to $7848, Market Leader reports.

 

According to CoinDesk, $7848 is a new all-time high for the digital currency. It should be noted that before the news about the Segwit2x protocol, Bitcoin was trading around $7700. Shortly after the news, the BTC exchange rate broke through the $7800 threshold. Later on, the price retraced to $7336, NordFX analysts report.

 

 

No More Forking for Bitcoin

If they had approved the implementation of the Segwit2x protocol, we would probably see another split (like the one with Bitcoin Cash) in the near future. However, the head of the Segwit2x project announced the decision to cancel this idea on November 8th. He said that the team had failed to compromise on the way of implementing the protocol, which might raise some problems for the cryptocurrency further down the road.

 

The previous price record was set on November 2nd. Back then, the BTC exchange rate exceeded $7000 amid the news about a possible launch of Bitcoin futures. More and more experts are now predicting a further price rally for Bitcoin and other digital currencies.

 

At the same time, Goldman Sachs has sent their clients a newsletter containing the bank’s Bitcoin forecast. In particular, the bank experts assume that Bitcoin is going to reach $7941 in the near future. They say that now that the exchange rate has consolidated above $7600 and the bias is still bullish, Bitcoin has all chances to aim for another all-time high. However, the experts warn that Bitcoin may take some time to get ready for another rally the new highs. So far, Goldman Sachs analysts have been good at predicting Bitcoin’s behavior. At this point, Bitcoin’s market cap is over $120 billion.

 

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European ETFs - Decent Alternative to American ETFs

The mentioned PRIIP rules are forcing the financial service providers and brokers to publish a specific set of info documents including the so-called KID with the key info on certain investment and insurance products. Since the funds coming from outside of Europe do not conform to these requirements, they cannot be offered to EU residents as investment products.
Publication date: 19 September 01:48 AM

Warren Buffett Keeps Loading Up On Bank of America's Stock

Berkshire Hathaway keeps loading up on Bank of America's stock. This time, during the period of July 31st - August 4th, they purchased over 13,6 million shares, which cost 337 million dollars. The average prices was 24,81 dollars per share. With that being said, Berkshire Hathaway now owns 1,03 billion shares of the stock, which is 26,15 billion dollars in dollar terms. As for the Federal Reserve, they agreed to increase the fund's share to 24,9%.

Publication date: 12 August 01:39 AM

WTI Price Drops After US Oil Inventories Report

Today, another crude oil inventories report has been released by the USA:

Publication date: 03 June 12:21 PM

Is Gold Worth Investing Amid Crisis?

Securing assets has always been number-one goal during crises. This is something that worries borth financial experts and plain folks who are far from the  peculiarities of the financial world but who are still witnessing their savings vanish amid inflation and devaluation.

Publication date: 14 April 02:09 AM

Remember the Key Rules of Investing in Stocks

Without further ado, let's consider a bunch of principles of investing in stock, which will put the odds of succeeding in this business in your favor:

Publication date: 11 March 01:14 AM

Apple Patents iPhone Without Ports And Holes, Device Expected In 2021

It seems that the release of the long-awaited iPhone without any ports or holes is getting more and more portable. Apple has always favored minimalistic designs, especially over the last 5 years. In 2015, almost all of the classic ports were deprecated in MacBooks in favor of a single one - USB-C Thunderbolt 3. In 2017, iPhone 7 got rid of the 3.5mm audio jack.

Publication date: 05 March 08:20 AM

Gold Sets New Records

The gold market is insane. The gold futures price set a new major high in New York. In particular, the dollar price of the precious metal set a new 7- year high. With that being said, maybe you should add gold to your investment portfolio along with BTC? Well,lat's ponder upon this question.

Publication date: 14 January 01:23 AM

Brent Prices Drop Down To $61/b

The concerns over the global demand for crude oil are getting back to the market again. The current trading week has been a week of discounts. Earlier today, Brent oil saw its price drop down to 61 dollars per barrel. The WTI price dropped all the way down to 56 dollars per barrel. The supply side has got an upper hand.
Publication date: 27 September 04:52 AM

Gold Prices Are Getting Stable After Monday's Rally

Last week was rich in the information about various financial markets, which could exert downward pressure on gold prices. Strange as it may seem, the situation in the ore market was relatively calm. Eventually, the week closed in the green zone. Those gains mainly had to do with Friday's gold rally. International traders and investors reacted to the information about another global economic slowdown coupled with the trade war between the United States and China as well as the current situation in the Middle East, and started loading up on gold as a safe-haven asset, which eventually pushed the prices higher. 

Publication date: 24 September 05:15 AM

Oil Prices Have Made The Biggest Rally In History

Gold, yen, and oil currencies are getting more expensive. The strike came for an unexpected direction. Saudi Arabia's oil facilities were attacked, which increased geopolitical risks in the region and simultaneously undermined the global oil supplies. That was basically the reason why crude oil prices made the biggest rally in history but then moved back a bit and are still trading over 10% higher relative to the start of the trading session. 
 
Publication date: 16 September 03:26 AM