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Foreign exchange market

Investment Interest In Bitcoin Drops After Halving


According to the recent information from Google Trends, the investment interest in Bitcoin reached the lowest level in 3 months. The interest in Bitcoin started growing in early 2020, when the international media started talking about COVID-19. The tendency persisted until mid March when Bitcoin crashed along with the global stock market because of the pandemic. Still, people got interested in cryptocurrencies as safe-haven assets.
 
Google Trends shows that the interest in Bitcoin started decreasing in Q1 2020. Later on, ti started recovering gradually as the coin was nearing another halving. During that period, the amount of Bitcoin search requests in Google was at the highest level since July 2019. This happened mainly due to the fact that people were looking for an opportunity to load up on Bitcoin ad a discount after the March market crash.
 
After the world started gradually adapting to a new world amid the pandemic, the 3rd halving of Bitcoin took place, which lead to a sharp drop in the amount of Google search requests to the lowest level since March.
 
 
Nigeria Is Interested In Bitcoin
 
Despite a drop in the global interest in the world's first cryptocurrency, Nigeria keeps on dominating as a region with the biggest demand for BTC.
 
The Nigerians are getting increasingly interested in Bitcoin because of a weakening national economy. Bitcoin has been heavily used in many aspects of their lives. While so fo them trade Bitcoin to make profit, others use it as a payment means. Other countries with high demand for BTC include Austria, Switzerland, South Africa, and Ghana.
 
 
At the beginning of the year, Switzerland used to be number 5 but has moved to number 3 since then. The country is famous for its Crypto Valley, which is said to have been on the edge after the local government refused to finance it to the amount of 103 million dollars.
 
As for the current BTC exchange rate, you can always check on the official website of NordFX, a recommended FX broker, which also offers BTC and altcoins trading.
 

 

 

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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

Ethereum and Bitcoin Are Close To 5-Month and 1-Month Highs Respectively

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Publication date: 26 July 10:08 AM

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Publication date: 23 July 09:57 PM

Japan Will Include CBDC In Its Official Economic Plan

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Publication date: 20 July 02:53 AM

World's Biggest Crypto Scams

In his article on the website called Cointelegraph, Nick Bell described the most famous cryptocurrency scams known. In each fo them, investors collectively lost billions of dollars. The sad thing is, many of those scammers remain unpunished by the law.
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

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

Goldman Sachs Discussed Cryptocurrencies

Publication date: 07 June 03:57 AM