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Friday, 20 September 16:25 (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 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