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Monday, 21 May 16:01 (GMT -05:00)



Foreign exchange market

Bitcoin Prospects Look Vague Against Altcoins


The situation in the global market of cryptocurrencies has been changing for a while. Bitcoin seems to be gradually losing its status of the world’s biggest and most popular digital currency.
 
However, the BTC exchange rate has been showing substantial growth over the last few trading days. After showing some weakness, the cryptocurrency is now trying to recover. At the same time, the share of the world’s first cryptocurrency in the global cryptocurrency market is diminishing as international investors are investing in new altcoins.
 
Yesterday’s cryptocurrency market cap was close to 439 billion dollars. It’s interesting to note that the market cap managed to increase by as much as 22 billion dollars in a matter of 24 hours.
 
NordFX experts report that the BTC exchange rate has gained around 5% and exceeded the 9600 threshold.

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At the same time, the Bitcoin market cap has now exceeded 160 billion dollars. However, its market share has shrunk all the way down to 36,7% of the global cryptocurrency market.
Back in early April, Bitcoin used to be relatively weak after dropping below 7000 dollars per coin. This means that since then, the exchange rate has gone a long way up over a relatively short period of time. At this point, it is trading somewhere above 9600 dollars per coin.
 
Bitcoin Aims For New Highs
 
It’s safe to say that April was a bullish month for the world’s first cryptocurrency. After a relatively long period of depression, the currency did eventually manage to recover. Experts predict that Bitcoin is now aiming for the next major level, which is 10000 dollars per coin. Chances are, the coin will succeed in conquering this major level of resistance. It’s interesting to note that in 2017, Bitcoin started another bull cycle closer to the summer. That’s why more and more experts believe that April’s lows were perfect for loading up on Bitcoin at a discount since it is going to appreciate in the near future.

 

 

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Bitcoin Will Hit $20K, CoinShares Says

Publication date: 20 May 08:38 AM

German Stock Exchange Börse Stuttgart Welcomes Cryptocurrencies

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Publication date: 17 May 12:00 PM

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Publication date: 16 May 11:51 AM

Bitcoin Rallies Despite Criticism from Buffet and Gates

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Publication date: 10 May 09:05 AM

Will Bitcoin Rate Exceed $10K This Week?

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Publication date: 09 May 12:51 PM

Bitcoin Exchange Rate Goes Up Rapidly, Over $9600 Already

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Publication date: 04 May 02:08 PM

Sebastian Forbes: Global Banking System Lags Behind Cryptocurrency Era

10 years ago, nothing foreshadowed any changes in this area. 5 years ago, the first notes of change appeared. Today, the World Bit Bank project is ready to bring about major changes in this sphere. However, this will change your understanding of finances and banks.

Publication date: 03 May 09:36 AM

Masterforex-V Experts Name Most Successful ICOs in April 2018

Blockchain, cryptocurrencies, and all the related infrastructure have broken into our lives and have been dominating international headlines ever since. Despite the fact the technology is still in its infancy, many people all around the globe have been trying to make money by investing in related projects.

Publication date: 26 April 04:47 AM

Crypto Valley Association Gets Ready to Welcome a New Member

Crypto Valley Association is a cryptocurrency association backed by the Swiss government. It’s also known as Crypto Valley. The association is located in the center of Switzerland. It united the owners of leading cryptocurrency exchange tokens, including Bitcoin Suisse AG, Ethereum, Monetas, Xapo, and so much more.

Publication date: 26 April 12:48 AM

Experts Say, Iran’s Cryptocurrency Ban Won’t Affect BTC Rate

The central bank of Iran has banned cryptocurrencies. This decision was made on April 22nd. Apart from banning any cryptocurrency transactions in Iran, they also decided to ban any ads related to cryptocurrencies or blockchain. The reason is simple: cryptocurrencies may be used for money laundering, or sponsoring terrorism, or any other illegal activities. This is explained in the central bank’s official press release.

Publication date: 25 April 12:57 AM