Heroes of Ukraine

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

Saturday, 30 May 17:11 (GMT -05:00)



Foreign exchange market

Bitcoin Gold Crashes on the First Trading Day


Yesterday, on October 25th, Bitcoin Gold became available for public trading. However, the first trading day turned out to be a nightmare for the founders. BTG crashed by roughly 70% over the first trading hours. According to Coinmarketcap, shortly before the launch, the exchange rate was 480 USD/BTG, but a few hours later it crashed all the way down to 157 USD/BTG.

 
 
The holders of Bitcoin could get free BTG during the process of hard-forking, the way it was during the launch of Bitcoin Cash in August. However, the new currency failed miserably, and this pushed more and more of those new investors to dump BTG for more stable assets.
 
It’s interesting to note that the BTG crash didn’t shock everyone. For some representatives of the international community, this was an expected thing. for example, Anatoly Radchenko, managing partner of United Traders, called Bitcoin Gold a fake with no future. He expects BTG to go down in value even more in the coming weeks.
 
Experts also say that before the official start (hard-forking), the founders of Bitcoin Gold mined themselves tons of BTG, which is something that clearly reduced investor interest in the new digital currency. According to Valery Smal, editor at Happy Coin Club, pre-mining is a sign of fraud, and that’s why savvy investors decided to quit.
 
Market Leader reports that Bitcoin Gold affected the conventional Bitcoin version as well. Yesterday, BTC got 2,6% cheaper. This confirmed the forecasts that Bitcoin would suspend the rally (a couple of days ago, BTC set another all-time high around $6200). 
 

 

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

 

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

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