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Tuesday, 4 August 21:06 (GMT -05:00)

Foreign exchange market

BoJ To StaBilize Markets. Any Consequences For BTC?

The Bank of Japan is expected to take steps aimed at stabilizing markets, which devalued a lot last week. However, Asian markets are looking better today. After the first wave of the coronavirus related panic, the optimist seems to be restoring.

Will the Bank of Japan help cryptocurrencies?


First of all, it's interesting to note that over 40 billion dollars left the cryptocurrency market last week but the situation seems to be improving a bit right now. It looks like the investors have calmed down a bit and some of them are returning to the market. The same holds true for Asian stock markets.
According to Reuters, the Bank of Japan is going to take all the steps necessary to stabilize the markets right now. These words reassured the international community that national banks around the globe may well unite efforts to help the global economy survive the crisis.
That said, the BOJ joined the U.S. Federal Reserve and the People's Bank of China. A stunning 500 billion yen (or 4,62 billion dollars) was offered as 2-week ETFs through market transactions. According to Yoshimasa Maruyama, chief economist at SMBC Nikko Securities, the BoJ has been focused on buying assets, which means the central bank may make ETF purchases more flexible in order to back stock markets and prevent them from collapsing or shrinking. 



Let's go back to cryptocurrencies. Will the steps taken by the central bank create some other problems? Will they, for example, undermine fiat currencies? If the latter is the case, this is definitely going to be a positive sign for Bitcoin and altcoins.
We remind you that the Fed is likely to take some urgent and extreme steps to prevent an economic collapse. At the end of the past week, the Fed's statement confirmed this intension to stimulate markets. Chances are, the Fed is going to cut interest rates again.


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Bitcoin Reaches $9500. Will It Drive Crypto Market Rally?

The BTC exchange rate has finally broken free from from the narrowing price range and rallied above $9500 per coin. What's coming next? Will the coin test $10000? If so, will this test be successful?

Publication date: 26 July 10:59 AM

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Publication date: 26 July 10:08 AM

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Publication date: 23 July 09:57 PM

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Publication date: 20 July 02:53 AM

World's Biggest Crypto Scams

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Publication date: 17 July 09:14 AM

Digital Yuan Threatens Dollar, Matthew Graham

Matthew Graham, a China banking investment veteran and CEO of Sino Global Capital headquartered in China, has analyzed what is so far known about the expected Chinese cryptocurrency. He thinks that the Chinese government sees the technology as something that can actually break the dollar dominance in the financial world.

Publication date: 07 July 06:34 AM

JPMorgan: Bitcoin Turned Into Asset and Survived March Crisis

JPMorgan Chase, one of the biggest banks in the United States and the entire world, analyzed the March crash of the cryptocurrency market and published a report on the results of this research. Bitcoin occupies the lion's share of the report. So, the analysts made the conclusion that the BTC market is getting mature, which is confirmed by a strong correlation with most stock markets.

Publication date: 25 June 11:54 AM

Investment Interest In Bitcoin Drops After Halving

Publication date: 21 June 11:33 AM

Ethereum Is Less Private Than Bitcoin

According to a group of Hungarian experts who decided to examine the Ethereum network, ETH transactions turn out to be less private than BTC transactions. The experts published the results of their research after studying a bunch of several, pretty specific functions of Ethereum. Those functions usually make it possible to track the financial flows in the network.

Publication date: 15 June 02:28 AM

COVID-19 Keeps Affecting Dollar

Right before the start of another trading week of June 2020, 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 June 15th - 20th. So, this is what those predictions look like:

Publication date: 14 June 10:55 AM