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Tuesday, 21 May 00:37 (GMT -05:00)



Foreign exchange market

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.
 
However, according to CoinMarketCap, Bitcoin was going down yesterday. In particular, the world’s first digital currency lost 2,35% of its value during yesterday’s trading session by going down to 8648 USD/BTC. Earlier today, the move continued and the exchange rate dropped down below 8500 USD/BTC and then below 8400 USD/BTC. Now it’s trading close to 8300 USD/BTC.
 
As always, the BTC exchange rate has been seriously affected by the international news background. Last week, during the recent G20 summit, many of the G20 regulators agreed to work out their own rules for regulating the cryptocurrency market within the next few months. It’s interesting to note that the G20 finance ministers and central bank governors refused to give Bitcoin the status of a legal payment means. For now, Bitcoin is just another financial asset to them. However, the summit participants also gave the world to understand that Bitcoin wasn’t threatening the global economy, which is definitely a positive sign for the global cryptocurrency market.

There were some other news affecting the BTC exchange rate, including the SEC’s investigation into dozens of ICOs, as well as the Bank of Japan’s warning to Binance about the necessity of getting a license if the exchange still wants to work in this country, and so much more.

At the same time, NordFX experts report that all of those news made Bitcoin go flat, not to mention the reduced amount of sell offers. All of that can be seen as the rise of the bullish sentiment in the market.

 

 

 

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Forex and Cryptocurrency Forecast by NordFX. May 20-24, 2019

Roman Boutko, an analyst for NordFX, has come up with another consensus forecast for the forex and cryptocurrency markets for the forthcoming trading week starting on May 20, 2019.


Publication date: 20 May 03:50 AM

U.S. Sanction Trap For Russian Rouble

It's not a secret that the amount of sanctions against Russia has been growing over the last few years. At the same time, experts are losing faith in the stability of the Russian Rouble. Washington is discussing more and more variants to impose even more sanctions on Russia to undermine its economy and national currency.

Publication date: 18 May 03:25 PM

Facebook articles contest from FortFS

FortFS offers you to show off your writing skills and compete with other traders for a prize fund of 1000 USD, which will be distributed among the authors of the most interesting articles about our company!

Publication date: 18 May 12:24 AM

BTC Market Will Set New Highs In 2020

Tom Lee, Chief Analyst for Fundstrat Global Advisors, has recently shared his optimistic view on the future of Bitcoin (BTC). In early May, he said that the BTC exchange rate is undervalued and, given some fundamental factors, it should be somewhere around 14K dollars per coin. At this point, he thinks that the current all-time highs may well be renewed this year. This means BTC prices above $20K per coin and market cap well over 830 billion dollars within the next 20 months.

 

Publication date: 15 May 10:05 AM

U.S. Unemployment Rate Drops To Nearly 50-Year Low

The U.S. Department of Labor has released another unemployment reports. For the first time in over 49 years, the unemployment rate dropped all the way down to 3,9%. For the most part, this has to do with a considerable decline in the economically active population.

Publication date: 13 May 11:22 AM

Six main components of Alpha Bonus from FortFS

From 06 of May till 07 of June 2019 become the owner of a unique artifact called Alpha Bonus and subdue the financial element!


Publication date: 13 May 01:40 AM

Bitcoin Reaches 5-Month High

The cryptocurrency has been maintaining a stable bullish trend. over the last few days, the market cap has exceeded 185 billion dollars. According to CoinMarketCap, the market cap used to be 179 billion dollars on Tuesday. Over the last few days, the cost of all the cryptocurrencies circulating in the global market has grow considerably. 

 
Publication date: 27 April 10:24 AM

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