Forecasts
Cryptocurrency News
The Great Wall of Bitcoin
China’s recent war on bitcoin is getting wall-to-wall coverage at the moment throughout the world. This is hardly surprising as China accounts for 71% of global mining hash power. By comparison, the United States is a relative minnow: USA – 1% Venezuela – 2% Iceland – 2% Georgia – 2% India – 4% China – … Continue reading The Great Wall of Bitcoin
Bitcoin Trades near $4000, Soars 30% From Friday’s Low
Bitcoin has been limited to a fixed trading range in the past 24 hours, with yesterday’s $3,869.49 daily high serving as the first resistance level, and today’s $3,523.96 daily low, holding the bottom end of the range. Despite the rise in price, volume appears to be tapering off on Bitstamp. We will need to see a breakout above the existing trend lines, the daily high, and lastly the $4,000 price level, before confirming a completely new bull-run. Currently, Bitcoin trades near … Continue reading Bitcoin Trades near $4000, Soars 30% From Friday’s Low
Cryptocurrencies Recover Slightly after Friday’s Free Fall
The BTCC and the two biggest Chinese cryptocurrency exchanges announced a trading halt which sent cryptocurrencies into free fall on Friday. Within 24 hours the cryptocurrency market lost more than $40 billion, down to $120 billion from the initial $160 billion. Chinese exchanges, however, have not yet received “banning” notices from regulators. It is likely that the … Continue reading Cryptocurrencies Recover Slightly after Friday’s Free Fall
Bitcoin Now Stable After a Huge Plunge Below $3,000, Chinese Regulation and Big Banks Cited as Cause of Crash
Bitcoin began a colossal price reversal on September 12 (07:00 GMT) that finally culminated with the latest $2,972.01 weekly low, which ended up becoming the new monthly low as well. The massive 32% reduction, nominally totaling $1,407.49, was followed by a flurry of negative news coverage from mainstream and alternative media alike. The $4,979.9 all-time high has never seemed further from reach, and the price is at the present time, holding around … Continue reading Bitcoin Now Stable After a Huge Plunge Below $3,000, Chinese Regulation and Big Banks Cited as Cause of Crash
Bitcoin Traders: Embrace the Volatility or Perish
Bitcoin fell like a rock last week as many speculators in the cryptocurrency decided to book profits and head to the sidelines after JPMorgan Chase CEO Jamie Dimon warned about the dangers of Bitcoin, saying “It’s worse than tulip bulbs. It won’t end well. Someone is going to get killed.” He even said the cryptocurrency … Continue reading Bitcoin Traders: Embrace the Volatility or Perish
Brokers News
IronFX Successfully Concludes agreement to raise US$100 million from strategic family office investor
IronFX is aiming to use the funds to further expand its global footprint. IronFX (the “Company”) has successfully concluded an agreement with a prominent MENA region family office investor for a strategic investment of $100 million, which will be made in tranches to fund its growth capital needs. IronFX is aiming to expand its markets … Continue reading IronFX Successfully Concludes agreement to raise US$100 million from strategic family office investor
AAATrade Launches Cryptocurrency Trading
AAATrade has just launched six cryptocurrency pairs, further broadening its choice of trading instruments. Bitcoin, Ethereum, Litecoin, Dash, Monero and Ripple are now tradable against the dollar and there are also three cross pairs, Ethereum/Bitcoin, Litecoin/Bitcoin and Monero/Bitcoin. The increasing popularity of Bitcoin and another crypto trading among traders and investors have encouraged AAATrade to … Continue reading AAATrade Launches Cryptocurrency Trading
HYCM Cryptocurrency Offering Now Includes Ethereum and Litecoin Trading
The broker’s cryptocurrency suite has been expanded to include ETH/USD and LTC/USD. HYCM, an FCA & CySEC regulated broker established since 1977, has expanded its list of trading instruments to include an additional two altcoins, Ethereum and Litecoin, adding ETH/USD and LTC/USD to its offerings. The move comes in response to client demand for cryptocurrency … Continue reading HYCM Cryptocurrency Offering Now Includes Ethereum and Litecoin Trading
Admiral Markets One of the First to Add Bitcoin Cash
Admiral Markets introduces its latest product offering, Bitcoin Cash, effective as of Thursday, 3 August, 2017. The cryptocurrency was created as a result of the hardfork in Bitcoin’s blockchain, which occurred on 1 August. Bitcoin Cash was announced as the latest member of the cryptocurrency family the next day. This is a brand new instrument for … Continue reading Admiral Markets One of the First to Add Bitcoin Cash
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06:4505H, 52M | fr EUR | MEDIUM | GDP Growth Rate QoQ Final | Actual | Forecast 0.5% | Previous 0.5% |
07:0006H, 07M | fr EUR | MEDIUM | Markit Manufacturing PMI Flash | Actual | Forecast 55.5 | Previous 55.8 |
07:0006H, 07M | fr EUR | MEDIUM | Markit Services PMI Flash | Actual | Forecast 54.8 | Previous 54.9 |
Economic Calendar
Opinions
The Great Wall of Bitcoin
China’s recent war on bitcoin is getting wall-to-wall coverage at the moment throughout the world. This is hardly surprising as China accounts for 71% of global mining hash power. By comparison, the United States is a relative minnow: USA – 1% Venezuela – 2% Iceland – 2% Georgia – 2% India – 4% China – … Continue reading The Great Wall of Bitcoin
Bitcoin Traders: Embrace the Volatility or Perish
Bitcoin fell like a rock last week as many speculators in the cryptocurrency decided to book profits and head to the sidelines after JPMorgan Chase CEO Jamie Dimon warned about the dangers of Bitcoin, saying “It’s worse than tulip bulbs. It won’t end well. Someone is going to get killed.” He even said the cryptocurrency … Continue reading Bitcoin Traders: Embrace the Volatility or Perish
The Crypto Future of Currencies
Financial markets are becoming more and more focused on cryptocurrency trading. The value of Bitcoin, the most well-known of all cryptocurrencies, is continuing its surge from early in the year. Many other digital coins are also experiencing bullish trends, with Ethereum increasing by nearly 4000% in value since January. And it’s not just forex traders … Continue reading The Crypto Future of Currencies
The Jury is Out on Bitcoin
We all can understand why people that follow Bitcoin’s progress over the past few weeks are a “bit” nervous. The rise in its value has been surprising and fast. Bitcoin aficionados will tell you that they knew it all along the way while doubters will tell you that it is only a question of time before … Continue reading The Jury is Out on Bitcoin