Heroes of Ukraine

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

Sunday, 15 September 14:01 (GMT -05:00)



Stock and commodities markets

Bitcoin Is Trading At 7-Week Lows, FortFS


Despite the prolonged downtrend seem over he last few months, the cryptocurrency market still remains a point of interest for millions of international traders and investors. Many of them still belive that blockchain is going to change the global financial market to make it simpler, more transparent and easy-to-comprehend. Some experts share this idea, especially as they report about more sophisticated and improved technologies used in trading these days.

 
At the same time, FortFS experts report that after a short-term rally, the cryptocurrency market is going down again. In the first 24 hours alone, the market cap shrank by more than 2 billion dollars from 113,7 billion dollars down to 111,2 billion dollars.
 
It's interesting to note that even before the downtrend, when the rally was still underway, the experts that the weakness is backed by fundamental factors while the temporary growth was triggered by purely technical aspects. Still, due to the absence of positive news, the bearish bias forced the market into resuming the downtrend. 
 
On top of that, the information about various vulnerabilities and multiple hacker attacks that ended up with major losses for the crypto exchanges and their users clearly added the fuel to the fire, thereby scarying many of international traders and investors away from the market. Indeed, few people are actually willing to risk their money when the security of those exchanges is compromised and questionable at best. 
 
For instance, some of the user of Electrum and MEW wallets fell prey to fishing attacks. The system called Monero turned out to have some security issues. 
 
Also, several sources are reporting about some vulnerabilities found in the JSONRPC protocol, which, in its turn, compromises the security of Ethereum. This definitely affected the market by reducing the degree of trust to cryptocurrencies. 
 
For now, Stellar seems to be they key loser (the token lost some 7% over the first several hours of the overall downtrend). The list of losers can be extended with such coins as Litecoin (-5%), TRON, Bitcoin Cash and Ethereum (-4%), Bitcoin (-2%). Bitcoin has always been used as the benchmark for the entire cryptocurrency market since this is the first and biggest coin in the world. The overall bias remains bearish.

 

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

 

Add to blog
Got a question? โ€“ Ask it here »
 

EUR / USD pair finished the trading week with an increase of 1.48%

The EUR / USD pair is still trading in the green zone against the background of the publication of strong data on economic activity in the eurozone and possible changes in the monetary policy of the Fed in the coming months.

 
Publication date: 24 June 11:57 PM

Gold is going to update the annual highs

On Thursday, gold finished trading with a confident growth, more than 0.7%, and the quotes again reached the maximum values โ€‹โ€‹of the year. Investors are actively buying gold as a protective asset against the background of high uncertainty about the prospects for the development of the global economy and exacerbation of geopolitical risks.

 

Publication date: 14 June 12:51 PM

Russia Is Happy: Oil Prices Heads for 2018 Highs

Crude oil keeps on appreciating. Brent oil has come close to $72/b. Apparently, all of the major oil exporters, including Russia, whose national budget has been heavily dependent on the export of crude oil for many decades, are now happy with the current oil price rally. The thing is that the prices have already gone rally high relative to major lows set in late 2018 and early 2019. At this point, they have already come close to last year's highs.

Publication date: 13 April 12:17 AM

Masterforex-V Names World's Biggest Exchanges In Terms Of Market Capitalization

 Stock exchanges are known to be the catalyst of the economic conditions in a certain state or the entire world. Stock exchanges trade the stocks of most enterprises representing every economic sector. Speaking about the blue chips, these are the stocks of big-scale corporations listed on several exchanges simultaneously.

Publication date: 08 April 12:11 PM

CBOE Suspends Bitcoin Futures

The CBOE Futures Exchange (CFE) has recently announced the suspension of Bitcoin futures contracts within the scope of its trading platform. According to the official statement made by the CFE, which is a CBOE branch, the top management is currently considering the fate of Bitcoin futures. In particular, XBT Bitcoin futures for March are canceled. 

 
Publication date: 25 March 12:15 PM

FxPro Introduces Renewed Site

FxPro, a major international FX broker, has recently introduced a brand-new version of its official website. It looks inspiring! FxPro proves by its own example that trading and beautiful design can come hand in hand.

 
Publication date: 25 March 12:40 AM

Masterforex-V Names the Best Broker for Trading Dow Jones

The Dow Jones Industrial Average, the DJIA for short, is one of the oldest and most popular stock indexes in the United States. According to Masterforex-V Wiki, the index plays the role of an unbiased indicator of the entire American economy by scanning the averaged figures for America's 30 biggest corporations(Coca-Cola Co., Apple Inc., Boeing Co., The Goldman Sachs Group, American Express Co., and so much more). 

Publication date: 17 February 02:59 AM

Alpari Gold: Philharmoniker and Krugerrand - Private Investors

Alpari Gold, which is a part of the Alpari financial brand, has had a professionally bright month. November's biggest event was the participation in a prestigious annual international expo named COINS-2018. 

 
Publication date: 29 November 07:57 AM

Alpari Gold: Philharmoniker and Krugerrand - Private Investors

Alpari Gold, which is a part of the Alpari financial brand, has had a professionally bright month. November's biggest event was the participation in a prestigious annual international expo named COINS-2018. 

 
Publication date: 29 November 07:57 AM

OPEC Loses Grip on Global Energy Market

According to many international experts, the OPEC, which used to be in charge of the global energy market, now seems to be losing its control over it. The cartel is yet to fight for its place under the sun amid a new pricing-regulation reality.

Publication date: 29 July 11:16 AM