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Monday, 23 July 09:32 (GMT -05:00)



Foreign exchange market

Bitcoin Rate Reaches 6700 USD/BTC


At the end of the trading week, the BTC exchange rate reached 6700 USD/BTC. The entire cryptocurrency market showed confident growth as well.
 
According to NordFX experts, the average price of the world’s first digital currency is now slightly above the mentioned level. This means that the price has gained nearly 3% since Thursday.
 
This means that the BTC market cap is now over 115 billion dollars. At the same time, it’s market share in the global market of cryptocurrencies is around 42%.
 
As usual, the price rally started by Bitcoin triggered a similar one for altcoins: Ethereum reached 477 USD/ETH, Ripple – 0,49 USD/XRP,BitcoinCash – 761 USD/BCH, EOS – 8,98 USD/EOS, Litecoin – 84,88 USD/LTC. The crypto market cap exceeded 274 billion dollars.
 

It’s interesting to note that the price rally took place against a controversial news background. On the one hand, the SEC of Thailand came up with a set of rules necessary to arrange the first ICO. They have already been published and will take effect on July 16th. At the same time, the committee for economic and monetary issues under the European parliament concluded that cryptocurrencies pose no threat to central banks.
 
On the other hand, the Bank of Finland banned Bitcoin from being used as a payment means. One of the local experts published a report where named the reasons why we shouldn’t be buying and using cryptocurrencies. For instance, he thinks that blockchain is an ordinary technology for storing data while cryptocurrencies are just systems for calculating abstract assets. They cannot be seen as real assets since they make money out of thin air, the expert thinks.

 

 

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Bitcoin Gets Cheaper on News about Hacking Swiss Cryptocurrency Exchange Bancor

On July 11th, Bitcoin and other altcoins continued their downtrend started on Monday. International experts say that the biggest reason for that is the news on hacking a Swiss crypto exchange known as Bancor. In particular, they say, the hackers stole 23,5 million dollars in crypto coins.

Publication date: 12 July 11:32 AM

This week Bitcoin may raise to 7000 USD/BTC

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Publication date: 25 June 10:41 AM

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Starting from tomorrow, international investors will be limited only to buying Bitcoin futures. The thing is, on June 22nd, a UK-based crypto futures platform named Crypto Facilities launches Litecoin futures.
 
Publication date: 21 June 01:06 PM

Will Bitcoin Dive Below $6000?

Publication date: 19 June 12:42 PM

Today’s Bitcoin Rate Signals Growing Risks in Banking Sector

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Publication date: 31 May 08:33 AM

Bitcoin Goes Down Before Another Rally?

The BTC exchange rate keeps on going down while being driven by a number of factors and circumstances. International experts say that the price of the world’s first and most popular cryptocurrency is currently going down just to gain some momentum later and skyrocket to new highs.

Publication date: 29 May 11:19 AM

Masterforex-V Analysts name Successful ICOs in May 2018

For those of you who don’t know, an Initial Coin Offering (ICO) is all about raising funds. To be more specific, startups sell their underlying crypto tokens in exchange for existing crypto currencies, mostly Bitcoin, Ethereum and other altcoins out there. This resembles an IPO in the stock market where investors buy a newly offered stock.

Publication date: 23 May 12:14 PM

Bitcoin Will Hit $20K, CoinShares Says

Bitcoin is really capable of getting back to the all-time high at $20K per coin. This is what founder of Coinshares Danny Masters thinks on the matter. He is not a rookie in this business. His company has been creating investment products for the cryptocurrency market and conducting blockchain-related research for years. Mr. Masters believes in the future of Bitcoin and altcoins. However, he thinks the market is yet to pass a few development stages. 

Publication date: 20 May 08:38 AM

German Stock Exchange Börse Stuttgart Welcomes Cryptocurrencies

Soon enough, maybe this fall, German stock exchange Börse Stuttgart is going to start working with cryptocurrencies. For that purpose, the exchange is expected to use its branch. Trading cryptocurrencies will be implemented through the Bison app. The expected trading turnover is around 100 billion dollars.

Publication date: 17 May 12:00 PM

Bitcoin Goes Down, Getting Closer to 8000 USD/BTC

Earlier today, the world’s first and most expensive crypto currency was going down while continuing the downtrend seen a day before. According to CoinMarketCap, the BTC exchange rate dropped below 8300USD/BTC, though it recovered a bit later on. Over the last 24 hours, the currency lost more than 5% of its dollar value. 

Publication date: 16 May 11:51 AM