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Tuesday, 23 April 02:32 (GMT -05:00)



Foreign exchange market

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.
 
Last Friday, the average BTC exchange rate dropped all the way down to 8360 USD/BTC. A day before, the price used to be above 9000 USD/BTC and then dropped down to the mentioned level. This means that the world’s first and most expensive cryptocurrency has actually failed to consolidate close to 10000 USD/BTC, not to mention breaking above this psychological level.
 
The price started retracing further down after several attempts to recover. At this point, CoinDesk experts predict a further move down to 8000 USD/BTC and maybe even lower.
 
At the same time, some other experts believe that Bitcoin may break and consolidate above 9000 USD/BTC once the price starts moving up. However, first Bitcoin will have to consolidate above 8700 USD/BTC, which seems to be the closest major level of resistance. Judging by Reddit comments, most users think the bullish scenario to be unlikely at this point. Most of them are bearish on Bitcoin in the short-term perspective.
 
At the same time, international experts say that the market started going down amid some news coming from Japan. In particular, the Bank of Japan warned Binance, which is a major cryptocurrency exchange. The thing is Binance has been rendering services to Japanese traders and investors without the corresponding license. So, if the exchange wants to continue doing so, they will have to get the license from the BoJ.
 
According to Ethereum World News, such headlines have been seriously affecting the global market of digital currencies. The international community has been concerned that other online exchanges worldwide may see pressure and are likely to be either forced to get license or suspend their services. Apparently, as international investors are getting more cautious and reducing their exposure to the cryptocurrency market, the trading volume keeps on going down and affecting digital currencies.
 
Bitcoin Tries to Recover
 
Bitcoin has made several attempts to recover this week. It overcame the $9K threshold but failed to consolidate about it. Needless to say that cryptocurrencies have been extremely volatile over the recent months, especially the top ones like Bitcoin. After rallying for a while, the BTC exchange rate reversed on March 25th and started retracing. More and more experts share the same opinion that Bitcoin will eventually be able to consolidate at new local highs for a long time if it manages to set them.
 

 

NordFX experts report that a couple of days ago, Bitcoin came close to 8900USD/BTC but then retraced back to 8000USD/BTC. Now it seems to be trying to recover a bit but those attempts have been unsuccessful so far.

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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

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Publication date: 15 April 10:54 AM

Weekly Forex and Crypto Prediction by NordFX. Mid-April 2019

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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

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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

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Publication date: 10 March 05:52 AM

NordFX Shares Forex and Cryptocurrency Forecasts for Early March 2019

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Publication date: 03 March 11:09 AM