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Saturday, 24 February 17:38 (GMT -05:00)



Stock and commodities markets

Bitcoin Sets New All-Time High At 7848 USD/BTC


Bitcoin, the world’s most popular cryptocurrency, has set another all-time high. The developers decided to abandon the idea of Segwit2x protocol. The news pushed the BTC exchange rate all the way up to $7848, Market Leader reports.

 

According to CoinDesk, $7848 is a new all-time high for the digital currency. It should be noted that before the news about the Segwit2x protocol, Bitcoin was trading around $7700. Shortly after the news, the BTC exchange rate broke through the $7800 threshold. Later on, the price retraced to $7336, NordFX analysts report.

 

 

No More Forking for Bitcoin

If they had approved the implementation of the Segwit2x protocol, we would probably see another split (like the one with Bitcoin Cash) in the near future. However, the head of the Segwit2x project announced the decision to cancel this idea on November 8th. He said that the team had failed to compromise on the way of implementing the protocol, which might raise some problems for the cryptocurrency further down the road.

 

The previous price record was set on November 2nd. Back then, the BTC exchange rate exceeded $7000 amid the news about a possible launch of Bitcoin futures. More and more experts are now predicting a further price rally for Bitcoin and other digital currencies.

 

At the same time, Goldman Sachs has sent their clients a newsletter containing the bank’s Bitcoin forecast. In particular, the bank experts assume that Bitcoin is going to reach $7941 in the near future. They say that now that the exchange rate has consolidated above $7600 and the bias is still bullish, Bitcoin has all chances to aim for another all-time high. However, the experts warn that Bitcoin may take some time to get ready for another rally the new highs. So far, Goldman Sachs analysts have been good at predicting Bitcoin’s behavior. At this point, Bitcoin’s market cap is over $120 billion.

 

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Is crude oil really expensive today?

Oil expert Sergei Shelin decided to share with us his thoughts on the processes currently going on in the global oil market. In particular he thinks that crude oil has been struggling to consolidate around 70 dollars per barrel but the thing is that even the world's biggest oil producers and exporters don't believe in high oil prices in the future.


Publication date: 01 February 10:38 AM

Three Big Questions Related to Oil Prices

Oil prices has been continuously moving up and down over the last few decades, and this is something that keeps worrying millions of traders of investors all over the world. The most difficult thing is to figure out why exactly crude oil prices reach a certain level at any given point, especially these days. 

Publication date: 30 January 02:12 AM

Cryptocurrencies Won't Help Dictators Get Around Sanctions

According to Bloomberg, all the attempts made by authoritarian governments and dictators to get around Western sanction are vain. 

Publication date: 23 January 05:44 AM

U.S. DoE Predicts Oil Market Oversupply over the Next 2 Year

The United States Department of Energy doesn't believe in the OPEC+ deal and expects excessive supply in the global market over the next 2 years. In particular, the January short-term report released by the DoE confirms that. They say this is going to be long-term oversupply. 

Publication date: 16 January 11:46 AM

Brent Oil Is Getting Closer to $70/b, Provoking a Shale Storm

Brent oil has come close to $70/b. It’s interesting to note that Brent oil has reached this level for the first time since 2014. At the same time, international experts now seem to be overwhelmed by mixed feeling about that.

 
According to NordFX, ICE Brent futures (London) for March delivery cost $62,2/b after gaining 0,5% on that day and 3,1% since the start of the trading week. WTI futures cost $63,5/b after gaining 0,8% on that day.
Publication date: 11 January 11:59 AM

OPEC Nations Don’t Want $60/b

The OPEC doesn't seem to be interested in oil prices above $60/b. At least this is what the Iranian Minister of Oil said the other day. By the way, Iran is the OPEC’s third-biggest producer of crude oil.

Publication date: 10 January 03:45 AM

Investment Banks Make Controversial Oil Forecast for 2018

After the OPEC+ deal was extended not so long ago, several investment banks changed their predictions for the global oil prices in 2018. Bloomberg tried to compile those prediction into a single article. 

Publication date: 02 January 11:44 AM

CBOE Launches World’s First Bitcoin Futures

As promised, the CBOE launched the world's first Bitcoin futures on December 10th at 15 p.m. Central Standard Time (CST). The first BTC futures trading session started at 15000 USD/BTC. Within the first couple of minutes, there were 150 transactions processed. Over the first 20 minutes, the exchange rate increased up to 15940 USD/BTC. Lateronitwenttemporarilyupto 16600 USD/BTC.

Publication date: 11 December 02:26 AM

American Shale Oil Producers Enjoy OPEC+ Deal Extension

On the last day of November, the OPEC and several non-OPEC oil exporters met in Vienna to discuss the future of the global oil market during the OPEC summit. The summit ended with extending the OPEC+ deal until the end of 2018. Experts say this decision means the OPEC+ participants have lost the long-term oil war with American shale oil companies.

Publication date: 03 December 11:03 PM

OPEC Is Worried About U.S. Shale Oil Production Prospects

The OPEC is concerned that their American rivals producing shale oil may catch at the chance given them by the OPEC+ deal. The deal is aimed to cap oil production and restore the market balance in favor of higher oil prices. The OPEC+ agreement is likely to be extended during the forthcoming OPEC summit on November 30th in Vienna, Austria.

 
Publication date: 29 November 11:49 AM