Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Tuesday, 18 December 21:05 (GMT -05:00)



Foreign exchange market

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.
 
At this point, it's still unclear why the world's first and biggest digital currency made such a big move down to set new local lows. For now, some representatives of the international expert community assume that this market crash may well have to do with the fact that Binance (a major crypto exchange) is facing major technical problems again. Others say that the CBOE's recent news release may well have affected the BTC exchange rate. So, the downtrend is now  confirmed. 
 
BTCUSD
 
 
The bulls used to defend the $6000 threshold for a couple of weeks. THis is why a break below this psychological price level resulted in an even stronger sellout. 
 
As for Ethereum (ETH) and Bitcoin Cash (BCH), the damage happens to be even more considerable. They've lost over 13% of their value over the last couple of days. 
 
From the technical standpoint, the bigger picture indicates that another major level of support may well be $3500, which once used to be the level for consolidating. Some experts start saying that this is the ned of cryptocurrencies. They assume that international traders and investors have been really disappointed with the true prospects of those assets and have been reducing their exposer to them, which has been triggering further sellouts, followed by a steadly downtrend in the market of crypto currencies. 
 
This is happening amid crypto futures getting increasingly popular worldwide. CBOE Global Markets offers BTC futures. Not so long ago, some of those futures expired, thereby adding some fuel to the fire.
 
In the meantime, there is another major reason why the SEC has been pressing the market. Moreover, they say that the SEC's potential actions against cryptocurrencies may have affected the situation and triggered the downtrend. If that's really the case, the market is yet to see a further move down to new major lows, FxPro experts report.
 
FxPro is a major Forex broker headquartered in the UK. Apart from trading currencies, you can trade CFDs, stocks, futures and some other financial assets as an FxPro client. By the way, FxPro is recommended by Masterforex-V Academy as one of the most trusted FX brokers out there.
 

 

You are free to discuss this article here:   forum for traders and investors

 

Add to blog
Got a question? – Ask it here »
 

Christmas Fairy Tale by FortFS

FortFS has been now for its promos and bonuses for years. Christmas and New Year are coming. This means that it's time for new pleasant surprises. With that being said, FortFS wants to congratulate all of its existing and future clients and wishes them Merry Christmas and happy New Year. To celebrate together, FortFS has announced a new promo. It's called "CHRISTMAS FAIRY TALE".

Publication date: 18 December 12:52 PM

Bitcoin Will Decline, Dollar Will Grow, NordFX Predicts

Whether we are aware of this or not, currency exchange rates have been affecting our lives for decades. However, more and more retail traders and investors are now getting increasingly interested in financial markets in general and Forex in particular. or the most part, all of those changes in exchange rates are they key factors determining their financial results at the end of the day.
 
Publication date: 17 December 12:29 PM

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.
Publication date: 10 December 11:19 AM

NordFX Introduced New Trading Solutions At Traders Fair-2018

Publication date: 09 December 04:56 AM

Crypto Traders Expect Growth, NordFX

The balance of powers in the Forex market depends on a number of factors. Getting familiar with an unbiased forecast helps market players figure out what to do next and what to expect in the market. Such information hits an the most probable market scenarios that may manifest themselves in the near future, which in its turn may give them a decent opportunity to increase the potential profit.
Publication date: 03 December 12:17 PM

NordFX Expects Cryptocurrencies and Euro to Go Further Down

The relation between 2 currencies at a certain point of time is the result of the market being simultaneously influenced by a whole lot of various factor of various impact and origin. Currency exchange rates, in their turns, affect man other processes meaningful for the majority of people in all parts of the world.
Publication date: 26 November 01:30 PM

Deposit bonus 120% - FortFS

FortFS is improving the conditions of deposit bonus! The bonus is increased to 120% from 50%: during this limited time you can receive x2,4 of the deposit amount.

Publication date: 25 November 11:39 AM

Crude Oil Market Keeps On Crashing

Like a week ago, oil prices have dropped by 7% once again. Now traders are afraid of another major downtrend seen in 2014, when crude oil depreciated  by 33% over November and December. International experts say this scenario is extremely probable.
Publication date: 25 November 03:32 AM

Iran Circumvents U.S. Sanctions with Cryptocurrencies

FinCEN came up with new recommendations. The document contains interesting points, including the thing that Iran abuses cryptocurrencies, thereby jeopardizing the entire global financial system. In particular, the document claims that Iranian citizens make BTC transactions to the amount of around 4 million dollars, yet those transactions are are claimed to be indented for criminal purposes. At the same time, FinCEN claims that Iran uses digital currencies to circumvent Western sanctions.
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.
Publication date: 19 November 12:23 PM