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Saturday, 15 December 10:16 (GMT -05:00)



Foreign exchange market

Bitcoin Rallies Despite Criticism from Buffet and Gates


This trading week, Bitcoin is unlikely to conquer another major threshold located at 10000 USD/BTC. The thing is that some Bitcoin investors were cooled down by the statements made by investment guru and billionaire Warren Buffett, founder of Berkshire Hathaway, as well as by Bill Gates, founder of Microsoft and one of the richest people on the planet.

During their interviews for the CNBC, they criticized the world’s first digital currency. In particular, Warren Buffett called Bitcoin rate poison squared and predicted a very hard landing for the entire global market of cryptocurrencies shortly after the mysticism around blockchain vanishes. As for Bill Gates, he called blockchain the “Big Fool Theory” (which sounds similar to the Big Bang Theory) since cryptocurrency don’t back anything from the standpoint of assets. Cryptocurrencies are the world’s biggest scam ever. Vice President of Berkshire Hathaway Charles Vagner called the cryptocurrency market nonsense.
 

 

The cryptocurrency market responded with a panic. Shortly after the speeches on May 8th, Bitcoin dropped from almost 10000 USD/BTC all the way down to 9300 USD/BTC, NordFX reports.




However, the next day, the investors calmed down and the market started recovering again. On Thursday, May 10th, according to CoinMarketCap, Bitcoin recovered to 9293 USD/BTC. Ethereum – 757 USD/ETH, Ripple – 0,79 USD/XRP, Bitcoin Cash – 1638 USD/BCH. All of them has shown some growth over the last 24 hours. The cryptocurrency market cap has reached 433 billion dollars, with Bitcoin making up for 36,5%.

 

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Weekly Forex and Crypto Forecast By NordFX. December 10-14, 2018.

The actual value of each and every currency put there is the result of many factors influencing the global market. In their turn, currency exchange rates affect many other processes out there. With that being said, considering a number of opinions expressed by experts can help traders and investors make better decision leading to increased financial performance.
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Iran Circumvents U.S. Sanctions with Cryptocurrencies

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Publication date: 22 November 01:02 PM

Dollar Will Rise, Crypt Market Will Stay Flat, NordFX Experts Predict

Contemporary methods of market analysis make it posible to make define the most probable scenarios and to make really accurate predictions, with a really high probability of coming true. Needless to say that such info is priceless for traders and investors seeking to reduce their risks and earn money from financial markets.
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FortFS Launches Welcome Bonus 75 USD

A forex broker named FortFS has launched anothr promo. Thìs time ], the broker is offering a decent welcome bonus to the amount of 75 dollars. Basically, that's why it's called "Welcome Bonus 75 USD". The promo is going to last until November 23, 2018. This means that you still have quite a lot fo time to make your decision and join one of the best FX brokers out there.

Publication date: 17 November 05:24 AM

Crypto Market Panic: Bitcoin Crashes Below $6000

It seems like the time fo relative stability is now over for the global market of crypto currencies. Today's market behavior is making international investor really worried about their crypto investments. In particular, Bitcoin has recently been suffering from considerable market moves, which started earlier yesterday. The day before, Bitcoin used to cost over $6300. Now it is trading around $5600, which is a considerable decline over the past 24 hours. It used to be even lower - at $5350.
Publication date: 16 November 09:42 AM