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Saturday, 30 May 15:53 (GMT -05:00)



Foreign exchange market

Bitcoin Reached $11K and Dropped by $2K Instantly


On November 29th, Bitcoin beat another threshold. This time, the world’s largest cryptocurrency exceeded the $10K threshold and set another all-time high at 11377 USD/BTC, only to crash by 20% at a time down to 9290 USD/BTC, Coindesk reports. All of that happened within a couple of hours.
It's also interesting to note that after beating 10000 USD/BTC, it took Bitcoin just 24 hours to bet another psychological level, which is 11000 USD/BTC. A couple of hours after peaking at 11377 USD/BTC (this is a new all-time high), Bitcoin crashed down to 9290 USD/BTC. Later on, the cryptocurrency did actually manage to win back some of the lost ground and go above 10000 USD/BTC, NordFX reports.

 
In 2017 alone, BItcoin has already gained 1000%, the entire cryptocurrency market has gained 1700%. Thetotalmarketcapisnow $334 billion
So, Bitcoin has recently shown the trait that has been scaring away many of those big-scale investors. Specifically, we are talking about volatility. Indeed, cryptocurrencies in general and Bitcoin in particular have always been rather volatile, with a constant roller-coaster thing.
 
However, Jeff Curry, global head of commodity research for Goldman Sachs, thinks that is a natural process for relatively young assets. Today’s Bitcoin market cap is $160-170 billion. On the one hand, that’s quite a lot. But on the other hand, these figures cannot be compared even close to the ones of gold. The gold market cap is $8300 bn. The point is, gold has been a reliable investment asset for centuries while digital currencies are babies with a couple of years of history. If digital currencies survive and last for decades, they may see their market cap boost and their volatility decline.  
 

At the same time, The Wall Street Journal reports that NASDAQ is planning to launch Bitcoin futures in the first part of 2018. Cantor Fitzgerald is also planning to launch their BTC derivatives. They say, Bitcoin derivatives would be a huge step to making digital currencies more mature. By the way, the BTC transaction volume has already exceeded 2 billion dollars a day.

 

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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