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Saturday, 20 October 16:32 (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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USA Leaves China Without Crude Oil, Russia Is Ready To Compensate

The trade war between the United States and China is still underway. Earlier this month, America made another attempt to undermine the Chinese economy. The thing is, that up until recently, America used to be one of the biggest exporters of crude oil to China. In summer, the U.S. export of crude oil to China used to be equal to 10,5 million barrels a month. At this point, America has almost suspended the export of crude oil to China. Last month American oil companies shipped as little as 600K barrels, with no oil shipping planned for this month.

Publication date: 17 October 10:29 AM

Evgeniy Filichkin: FortFC Launches pre-ICO

While skeptics armed with political axioms, and complicated math formulas, are trying to persuade the world that sooner or later, the cryptomarket industry is doomed to exhaust its potential at some point in the future, the cryptomarket itself is becoming a part of the global economy.

Publication date: 03 October 09:10 AM

Trump is helpless: oil prices keep going up

Oil prices keep going up. Brent oil has just exceeded $83/b. Obviously, Donal Trump's attempts to urge the OPEC to increase their oil production have filed so far. For those of you who don't know, not so long ago Donald Trump threatened the OPEC in general and Middle-Eastern oil producers in particular with consequences if they refuse to start increasing their oil production to dump international oil prices as soon as possible. However, those threats seem to have had no impact on the OPEC and the prices are still going up. 

Publication date: 01 October 10:15 AM

Trump Will Take Revenge on Middle East because of Crude Oils

Donald Trump threated some Middle Eastern oil producers to take revenge on them because of crude oil prices. This is not the first time the American president is criticizing the Middle East in Twitter for being reluctant to contribute to lower oil prices. 

Publication date: 24 September 10:02 AM

China declares crude oil war on USA

Beijing is now considering the opportunity to cut down on the export of crude oil from the United States in response to Washington's decision to raise the import duties on Chinese products. The energy war between the USa and China may also affect Russia.

Publication date: 11 September 11:55 AM

China's dependence on crude oil increases fast

Over the last few years, China has been getting more and more dependent on the import of crude oil and some other energy carriers. Most of those oil imports are of Russian origin. the thing is that CHina's domestic oil and natural gas production has been contracting over the last few years while the country's production capacities have increased and are now in high demand of more energy.

Publication date: 11 September 10:40 AM

Trump Is Close to His Goal - Oil at $50/b

According to Finanz, President Trump is close to making oil prices drop down to $50/b like never before. Last week was bearish for the global market of crude oil. This happened mainly due to the agreement between the U.S. president and the King of Saudi Arabia.

Publication date: 23 August 11:36 AM

Investment Banks Raise Their Oil Forecasts

The world's biggest investment banks have raised their oil forecasts again, for the 10th month in a row, The Wall Street Journal reports. 

Publication date: 02 August 12:00 PM

Oil Prices May Skyrocket to $400/b if Iran Blocks the Strait of Hormuz

Blocking the Strait of Hormuz will inevitably trigger a global energy crisis while pushing oil prices to unseen heights, maybe even all the way up to $400/b. This is what the experts interviewed by PRIME think about the situation.

Publication date: 19 July 09:45 AM

Higher OPEC+ Production Quotas Won’t Raise Oil Prices, Kudrin Says

Chairman of the Russian Accounts Chamber Alexei Kudrin assumes that the OPEC+ participants’ decision to increase the daily oil production quotas won’t affect international oil prices.

Publication date: 16 July 09:58 AM