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Friday, 19 April 04:51 (GMT -05:00)



Foreign exchange market

Bitcoin Has Easily Broken Above $10K, Setting New All-Time High


Overnight, Bitcoin set a new all-time high by exceeding a major psychological level – $10000! This unprecedented event took place on South Korean exchange Bithumb. For the first time in history, the BTC exchange rate reached 10223 USD/BTC. It was a sharp increase in the Asian demand for Bitcoin that backed this rally to the new all-time high. It’s interesting to note that Bitcoin has gained 18% over the last 48 hours!
 
South Korea and Japan has been driving the Bitcoin rally over the last couple of weeks. For instance, Bithumb saw its turnover more than double from 2 billion dollars all the way up to 4,6 billion dollars over the reporting period. Experts say that the current Bitcoin boom started after the FSE, the local financial regulator, announced that they weren’t going to regulate the market of digital currencies and shortly after that Shinhan, South Korea’s second-biggest commercial bank, started testing Bitcoin wallets and related services.
 
Something similar was seen in Japan in May 2017. Back then, the Japanese authorities legalized Bitcoin as a payment means. Japanese banks started accepting Bitcoin for bank deposits. At the same time, there are rumors (supposedly insider info) that the so-called Chinese family office started loading up on Bitcoin in the second part of November. This means that Chinese capital is flowing away to Japan and South Korea since the Chinese market of cryptocurrencies is still unregulated and even banned to some extent.

 

At the same time, NordFX experts report that as opposed to the global derivatives market (639 trillion dollars), Bitcoin’s market cap is miserable, which means that even a tiny drop from this sea can make Bitcoin skyrocket. The experts don’t deny a rally up to $20K in 2018, and even $50-100K if major institutional investors come into play as well.

 

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

Ethereum is back in the game! It's currently trading around 5-month lows. Still, the market seems to be showing some confidence that the coin has already overcome its existential crisis and managed to recover from crisis that started after the ICO bubble burst in 2018. Will ETH and ICO revive?

Publication date: 17 April 10:42 AM

NordFX Shares Another Forex and Cryptocurrency Forecast for Mid-April 2019

The balance of powers in the international currency market (also known as forex) influences many contemporary tendencies in the entire world. At the same time, traders and investors rely on accurate forex forecasts to earn money. That is why we keep on publishing those weekly consensus forecasts, courtesy of NordFX.
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

The situation in forex, which is the international currency market, has always influenced many other fields of human life worldwide. In the meantime, traders and investors rely on accurate forex forecasts to earn money. That is why Market Leader keep on telling you about those weekly consensus forecasts, courtesy of NordFX. In particular, the local expert team has come up with another forecast based on the time-tested approach, which boils down to studying tons of related sources, expert opinions, as well as predictions made based on technical and graphical analysis.
Publication date: 11 March 11:13 AM

FxPro Conducts Professional Training for Forex Traders

Making money by trading Forex has been getting more and more popular with retail traders over the last few years. When done in a proper and consistent manner, those investments may generate profits in any economic situation, even during a crisis. But how can you become a successful trader?

Publication date: 10 March 05:52 AM

NordFX Shares Forex and Cryptocurrency Forecasts for Early March 2019

 The balance of powers in the international currency market (also known as forex) influences many contemporary tendencies in the entire world. At the same time, traders and investors rely on accurate forex forecasts to earn money. That is why we keep on publishing those weekly consensus forecasts, courtesy of NordFX.

Publication date: 03 March 11:09 AM