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Friday, 20 September 16:27 (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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Bitcoin Exceeds $10K Again

It turns out that Bitcoin is still able to surprise. Despite the growing pessimism in social networks, recently has been a good time to load up on Bitcoin and other cryptocurrencies. The world's first and biggest coin has broken the psychological barier of 10000 dollar per coin. Does this mean going back to the bull market? At this point, the BTC rate is around 10300-10400 dollars per coin.

Publication date: 05 September 12:15 AM

NordFX: Forex And Cryptocurrency Market Review. August 2019

Right before the start of the last last trading  of this summer, NordFX experts came up with another set of market predictions for the forex and cryptocurrency markets. Their predictions are based on the consensus forecast compiled from various market forecasts made by various market experts as well as the result of technical analysis. So, this is what those predictions look like:
 
Publication date: 25 August 12:12 PM

Will Brexit Affect Bitcoin?

Some representatives of the international expert community assume that the Brexit is going to push Bitcoin higher, all the way up to new record highs in 2019. Nicolas Gregory, CEO of a blockchain company named CommerceBlock, is one of those experts. Not so long ago, he shared his standpoint with The Independent. He thinks that the Brexit may radically change the position of Bitcoin in the global economy and finances.
 
Publication date: 25 August 10:48 AM

Forex and Cryptocurrency Market Review by NordFX

At the beginning of the current trading week, NordFX experts came up with another set of market predictions based on a number of expert opinions backed by trending indicators and oscillators. This is what they came up with:

Publication date: 19 August 01:09 PM

Bitcoin ETF Decision is Delayed by SEC

The SEC, the USA's chief financial regulator, decided to delay the Bitcoin ETF decision once again. If the ETF had received the green light, we would now see it trading on CBOE and NYSE Arca. However, the Securities and Exchange Commission decided to put on hold the decision on three ETFs: VanEck / SolidX (CBOE), Wilshire Phoenix, and Bitwise Asset Management (both related to NYSE Arca).
 
Publication date: 15 August 01:00 AM

Forex and Cryptocurrency Forecast by NordFX. Mid-August 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 August 12, 2019.
Publication date: 11 August 11:42 AM

British Pound And Brexit. What's Next?

The Brexit is going to come to the UK as the result of the 2016 referendum in the UK. 52% of the votes were cast in favor of the Brexit scenario back then. Chances are, the Brexit is going to affect the entire economic and financial system of the United Kingdom, including its national currency - the British Pound.
Publication date: 09 August 09:21 AM

Over 85% Of Bitcoins (BTC) Have Already Been Mined

Publication date: 05 August 03:28 AM

Coinbase Registers a Big Inflow of New Clients

An international cryptocurrency exchange named Coinbase is reported to have registered 5 million users of the last 12 months. This is what the latest report says. In particular, the amount of Coinbase users increased from 25 million users all the way up to 30 million users over the reporting period.

Publication date: 01 August 09:18 AM

Bitcoin Is Likely To Drop, Experts Say

At this point, the market cap of the entire cryptocurrency market is around 263 billion dollars, with over 64% being Bitcoin's share. Ethereum would have to gain more than 700% to break even with the king of cryptocurrencies. At this point, such a scenario looks unreal.

Publication date: 30 July 10:05 AM