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Saturday, 30 May 17:26 (GMT -05:00)



Foreign exchange market

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.
 
The world's 3 biggest digital currencies are still the same - Bitcoin, Ethereum, Ripple XRUSD. They have been leading the market for years, and are likely to continue doing so at least in the near future. In the long-term perspective, the situation with Binance Coin BNB, which keeps on backing the rally, looks really bright.
 
Bitcoin. Up or Down?
 
The current state of affairs in the BTC market is favorable and speaks in favor of a strong coin. However, it wouldn't be right if we only took into account the price dynamics as well as the direction of those price changes. At this point, the closest level of support for BTCUSD is $9300-9800 per coin. If the exchange rate breaks this area, we will probably witness an even stronger sellout. Does this scenario look real? Of course, it does. 
 
The diagram reveals a bearish triangle, which is likely to be followed by a move down. The trading volume is gradually shrinking, which is obviousy something triggered by some temporary consequences. So, it's worth closely watching the BTC market behavior, especially if it reaches $9200 per coin. This area may well become a decisive threshold for the market for months to come. If the bulls hold the ground, we may well see another 12-month high, FortFS experts say.
 
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EU To Launch Anti-Crisis Fund

France and Germany, the economic leaders of the European Union, have promoted the idea to start a special fund to back the economic recovery after the crisis.
Publication date: 30 May 04:31 AM

Choosing Forex Brokers Wisely

Choosing the right forex broker to go with is a big challenge for most traders and investors out there. This challenge requires taking a lot of factors into account. Transaction expenses should be one of the key factors when making such a choice. They are crucial when it comes to trading, but when it comes to long-term investing, the safety of client funds almost matters a lot.

Publication date: 28 May 12:29 PM

Forex and Cryptocurrencies Forecasts. End of May 2020.

Right before the start of the last trading week of May, 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. The period is May 25th - 29th. So, this is what those predictions look like:
Publication date: 24 May 01:41 PM

Only 4 Of All Existing Billionaires Made Their Fortunes With Cryptocurrencies

Publication date: 25 April 11:54 AM

Bitcoin Grows. EOS May Lead The Market Thanks To Blockchain

Bitcoin gained a good momentum along with the rest of the cryptocurrency market after good news from China. However, EOS may become the locomotive of the movement.

Publication date: 22 April 01:54 AM

DNB's Open For CBDC

De Nederlandsche Bank (DNB), the central bank of the Netherlands, is reported to be open for the CBDC of the ECB. CBDC stands for central bank digital currency. This was officially backed by a 45-page report released on April 21st. With that being said, DNB is ready to play one of the key roles in adopting digital currencies by the global banking system.

Publication date: 22 April 12:47 AM

Bad Economic Figures From USA. Wall Street Reacts.

This time, we are dealing with a peculiar situation. In particular, now that we are facing truly bad figures, the market reaches to them not the way we expected. When it comes to fighting the COVID-19 pandemic, there's almost no positive progress. That's is why international investors are now trying to find some good news in the economic field. Can we actually see some improvements?

Publication date: 02 April 04:04 AM

Dollar Regains Strength, NordFX Reports

Right before the start of another trading, 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. The period is March 30th - April 3rd. So, this is what those predictions look like:

Publication date: 01 April 02:15 PM

Binance and Cryptocurrency Exchange

These days, Binance is a a giant in the world of cryptocurrency exchange. It wont' be an exaggeration to say that this is a Microsoft or a Mercedes in the world of cryptocurrencies. This is a major brand and a symbol of security for those investing in Bitcoin and other digital currencies.

Publication date: 29 March 11:24 PM

Dollar Becomes Safe-Haven Asset Amid COVID-19 Pandemic

Publication date: 22 March 07:48 AM