Heroes of Ukraine

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

Wednesday, 22 November 04:44 (GMT -05:00)

Foreign exchange market

Bitcoin Sets New All-time High, Experts Predict Market Crash

Bitcoin is reported to have set another all-time high. In particular, the exchange rate exceeded $4000 per 1BTC. At the same time, more and more experts start predicting another crash in the Bitcoin market.




For those of you who don’t know, since early August, Bitcoin has already gained 60%. Which is even more amazing, the world’s number-one cryptocurrency has quadrupled in value since early 2017.


At the same time, international experts are trying to figure out the price ceiling and the chances of another market crash after the rally. Another all-time record was set at $4482 per 1BTC. Given the fact that in early August Bitcoin cost around $2800, it’s safe to say that since then Bitcoin has already gained 60%, NordFX analysts report.


At this point, Bitcoin’s market capitalization is well over 467 billion, which is confirmed by the stats, courtesy of Coinmarketcap.com. As for the reasons why Bitcoin set another all-time price high, experts say that this is all about recognizing Bitcoin in South Korea, increased demand for Bitcoin in Japan, as well as successful renewal of the Bitcoin protocol on August 1st. Another reason for the recent BTC rally is the fact that international stock markets saw a drawdown because of a new round of tensions between the USA and North Korea.
When estimating the dynamics, experts are amazed at the fact that in early 2017 Bitcoin cost around $1000. At first sight, it seems that everything that’s going on around the world has been backing the growth of the world’s biggest and most popular crypto currency. Japan was the first country to recognize Bitcoin as an official payment means a couple of months ago. Now, South Korea has done the same. Over the past few days, Japan has been trading Bitcoin heavily. In fact, almost 50% of the global BTC turnover is denominated in the Japanese Yen while the U.S. Dollar accounts only for 25% of the turnover. The rest of the turnover is distributed between the Chinese Yuan and the South Korean Won.
At this point, Bitcoin is supported even by geopolitical tensions. Amid uncertainty in financial markets, investors are looking for alternatives. The recent press release by Goldman Sachs reads that it’s getting harder and harder for institutional investors to ignore the cryptocurrency. Some experts agree with that and make really brave predictions. They say that Bitcoin may skyrocket all the way up to $10K, especially as cryptocurrencies in general are expected to gain even more popularity worldwide.


At the same time, other experts seriously doubt the bright future of Bitcoin and other cryptocurrencies. They remind us that in 2011, there were 3 market bubbles in the market of Bitcoin, and all of them ended up with a market crash. That said, the entire history of Bitcoin is a roller-coaster with continuous ups and downs, mostly of speculative nature. Both the parties can reason their standpoint. Who will be right? Well, we’ll wait and see. 


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


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

Bitcoin Nears $8000

Bitcoin closed the past trading week with an attempt to test the next major level – 8000 USD/BTC. In particular, the world’s first and biggest cryptocurrency has come close to the threshold on November 17th by setting a new all-time high at 7997,17 USD/BTC. However, this was a short-term attempt and the price retraced a bit shortly after setting the record.

Publication date: 19 November 09:18 AM

Masterforex-V Expo Names Best Forex Brokers for Beginners in November 2017

Sooner or later, each and every forex trader out there faces the same challenge – choosing the right forex broker. Their future performance will depend on that choice. The thing is, forex brokers may differ in a number of aspects, including the trading conditions they offer their clients.

Publication date: 06 November 04:26 AM

Bitcoin: Long-Term Prospects

Market participants, including traders, investors and regulators, have been watching cryptocurrencies getting more and more popular over the last few years. Some experts say that central banks will start regulating digital currencies at some point in the near future.

Publication date: 30 October 07:48 AM

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.

Publication date: 26 October 12:59 AM

Bitcoin Has Got a Younger Brother – Bitcoin Gold

In October, the list of cryptocurrencies got longer thanks to a new digital currency. Bitcoin developers announced Bitcoin Gold (BTG), and they promise that mining it will be much easier than mining the conventional version of Bitcoin. So, Bitcoin is going to get another younger brother in the coming days. Actually, the corresponding fork (separating Bitcoin chains in the blockchain) was scheduled for October 26th. If everything goes right, BTG may reach the same success that Bitcoin Cash got not so long ago. For those of you who don’t know, Bitcoin Cash also came into existence as the result of forking in August 2017. Later on it became the world’s 4th biggest cryptocurrency in terms of market capitalization.

Publication date: 26 October 12:00 AM

Duckascopy Offers Most Favorable Trading Conditions to Forex Traders

Profitable forex trading has become something usual for thousands of people all over the world. Having decided to change their lives for the better one day, they started valuing the active lifestyle of daily trading while listening to those market signals. Keeping in mind all the risks and potential benefits of trading forex, they dared take their first step.

Publication date: 19 October 10:36 AM

Bitcoin Sets Another All-Time High

Bitcoin has completely recovered from September’s downtrend and is now moving higher. Moreover, the world’s first and most popular cryptocurrency has just set a new all-time high, Market Leader reports.

Publication date: 14 October 03:28 AM

Billionaire Cuban Calls Cryptocurrencies and Blockchain the Future of Financial Markets

American billionaire Mark Cuban thinks that cryptocurrencies and the blockchain technology is the future. He shared his opinion with the public during his interview with Bloomberg. He talked about Bitcoin and the development prospects for the entire industry of digital currencies.

Publication date: 10 October 10:10 PM

Miners Start Panicking as Some Cryptocurrencies Start Going Down in Value

Bitcoin is making everyone nervous again. Bitcoin miners start panicking, and the panic is driven by the news that Bitcoin Cash and some other cryptocurrencies are crashing again, Market Leader reports.

Publication date: 08 October 01:34 PM

Bitcoin Exchange Rate Retraces Before Another Rally, Expert Says

These days, new financial assets are being added to the list of forex assets. Those are highly volatile assets like cryptocurrencies, for example. Cryptocurrencies have been getting increasingly popular with international forex traders. This holds especially true for Bitcoin, which is the world’s first and most popular digital currency.

Publication date: 08 October 05:40 AM