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Saturday, 24 February 17:34 (GMT -05:00)



Stock and commodities markets

Cryptocurrency Market Cap Goes Above $200 Billion


Last week, the cryptocurrency market capitalization exceeded the $200 billion threshold for the first time in history. According to Coinmarketcap, a resource monitoring 1254 digital currencies on 6400 online exchanges, Bitcoin was the biggest market driver of the market-cap rally. The thing is that Bitcoin gained more than 25% last week by setting another all-time high at 7300 USD/BTC, with $124 billion of market cap.

 

For the sake of comparison, in early 2017, Bitcoin was under 1000 USD/BTC, NordFX analysts report.

 

курс биткойна

 

How long will the Bitcoin rally last and how high the BTC value will go?

 

According to Ronnie Moas, CEO of Standpoint Research, Bitcoin will reach $11000 in 2018, $20K in 3 years and $50K in 10 years. It should be noted that Mr. Moas is often referred to as an optimistic analyst. However, most of his predictions do become true.

 

For example, in July 2017, when Bitcoin cost under 3000 USD/BTC, he predicted its growth up to $5000. This is exactly what happened in September 2017. In August, he predicted a rally up to 7500 USD/BTC. At this point, the price is somewhere around and may reach the expected level in a couple of weeks or even days.

 

Every day, more and more editions start mentioning Bitcoin in their headlines. More and more countries are putting up with Bitcoin and accepting it, the experts says. He claims that only 0,5% of the world population are investing in Bitcoin these days but the number is definitely going to grow in the near future, pushing the price even higher.

 

According to Lloyd Blankfein, CEO and Chairman of Goldman Sachs, cryptocurrencies can really make serious rival to conventional currencies over time. During his speech at Sustainable Finance Innovation Forum, the head of a major investment bank (one of the world’s biggest ones actually) confessed that he feels slightly uncomfortable when it comes to digital currencies. However, he felt so about each and every new technology out there, including the invention of mobile phones.

 

 

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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