Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Tuesday, 24 April 08:13 (GMT -05:00)



Foreign exchange market

Bitcoin Quit Long-Term Correction


At this point, Bitcoin is trading around a major area of resistance. Having overcome it, the cryptocurrency will go further up, some experts believe.
 
According to Vladimir Smerkis, co-founder and managing partner of The Token Fund and Tokenbox, this spring has already brought us a major technical signal, which says that Bitcoin has left the period of prolonged correction (it last for around 75 days). The expert believes that the closest major area of resistance is located somewhere around 11,8-13K dollars per 1 BTC. The trading volume is currently low since Asia is celebrating Chinese New Year while other investors are trying to stay careful because of the increased volatility we have seen over the last 12 months. However, he assumes that those careful investors will get more active once the cryptocurrency exchange rate hits $12K per BTC.

At the same time, Mansur Guseinov, investment director of Cryptolife Fund, doesn’t deny the likelihood of Bitcoin moving all the way up to $15,5K per BTC in the coming weeks.

Andrei Koptelov, director of the center for economic research under the “Synergy” university, is convinced that Bitcoin can easily overcome the 12K threshold on positive news.

Eduard Lanchev, founder and CEO of Fundery, that news is the key factor determining the situation in the global cryptocurrency market. That said, the situation may change both ways depending on the news.


Stanislav Shakirov, founder of DigRate rating agency, assumes that the downtrend is over and the market bias is now bullish. He also underlines the positive tendencies seen in the industry – lower commissions on some online exchanges. For example, Bitfinex, Kraken, Binance have cut their withdrawal fees by 50%!

At the same time, NordFX experts report that Bitcoin is currently trading at 11260 USD/BTC. The market cap has come close to 200 billion dollars, with a market share of 41,3% of the total cryptocurrency market cap.

 

 

You are free to discuss this article here:   forum for traders and investors

 

Add to blog
Got a question? – Ask it here »
 

Trading Week Starts with Stronger Dollar and Cryptocurrencies and Weaker Gold

The last trading week of April started from the strengthening of the U.S. Dollar and cryptocurrencies and the weakening of gold. At this point, the USD index has gained up to 90,38 points (+0,07%).

Publication date: 23 April 11:52 AM

Backed by Alpari, Bicycle Expedition Conquers North Pole

For the first time in history, the northernmost point of our planet was conquered by a man on a bicycle, who is famous Russian adventurer Bogdan Bulytchev. For those of you who don’t know, he is a member of the Russian Geographical Society and the State Polar Academy.

Publication date: 21 April 12:23 PM

Roubini Names Blockchain Overhyped Technology

Famous economist Nouriel Roubini criticized the foundation of cryptocurrencies – the so-called blockchain technology. In his article for Project Syndicate, Mr. Roubini called blockchain the most overhyped technology ever.

Publication date: 20 April 04:08 AM

Bitcoin Gains Value: 2 Days in a Row. Over 10% a Day

Now it seems that the long-term retracement of the USD/BTC exchange rate seen over the first quarter of the year is gradually reversing back for the uptrend.

Publication date: 13 April 12:57 PM

Bitcoin Rate and US-China Trade War

The cryptocurrency market has been going down steadily for a while. According to CoinMarketCap, the Bitcoin exchange rate has been moving around 6800 USD/BTC. Ethereum, Ripple, Bitcoin Cash and Litecoin have been trading around 382, 0,49, 633, and 119 dollars per coin respectively.

Publication date: 06 April 10:02 AM

It’s the Day of Reckoning for Cryptocurrency Funds, Bloomberg Says

Bloomberg experts claim that the day of reckoning for cryptocurrency funds has finally come. Last year, when the world’s first digital currency (Bitcoin) went sky-high in mid-December and reached another all-time high at 20000 USD/BTC, over 150 funds specializing in cryptocurrencies emerged on the Internet. In 2017, their profits reached 1000%.

Publication date: 05 April 09:43 AM

Masterforex-V Expo Names World’s Best Forex Brokers For Beginners in March 2018

Each and every forex trader out there faces the same challenge at some point in their career. This challenge boils down to choosing the right forex broker. This holds especially true for beginners who are just getting their feet wet in the forex trading environment. This choice is fairly significant for all of them since their future trading performance will depend on that choice. The truth is, all of those forex companies may differ in a number of aspects, including the offered trading conditions.

Publication date: 04 April 12:01 AM

Bitcoin 2018: New Cryptocurrency Realities

In March, the BTC exchange rate dropped by almost 3000 dollars. Some experts predict a further downtrend in the near future, Market Leader reports.

Publication date: 28 March 06:22 AM

Experts Predict Bitcoin Move Above $10K

This week Bitcoin may come close to the psychological level of 10000 USD/BTC and break above it, some international experts say.

Publication date: 26 March 02:10 AM

Masterforex-V Tells You What You Don’t Know About Bitcoin

How do you treat Bitcoin and other cryptocurrencies? Usually, those who ask you this question expect you to be either pessimistic or optimistic on the future of digital currencies, ICO and blockchain.

Publication date: 23 March 11:27 AM