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Sunday, 25 February 05:55 (GMT -05:00)



Foreign exchange market

Bitcoin Goes Over $9000


Over the weekend, Bitcoin reached two psychological thresholds. On Saturday, November 25th, the world’s first and largest cryptocurrency gained $280 per 1BTC at a time and reached 8700 USD/BTC. On Sunday, November 26th, Bitcoin gained $400 per 1BTC at a time broke 9000 USD/BTC, thereby setting another all-time high, even though the exchange rate retraced back shortly after the record.
 
 
It seems like Bitcoin is not going to settle down. This morning, the most popular digital currency has set a new all-time high - 9643,89 USD/BTC. It’s interesting to note that the new record pushed the BTC market capitalization up to $161 billion. At the same time, the total market cap of the entire cryptocurrency market is now well over $284 billion, NordFX reports.


 
In case you didn't know, Bitcoin broke the 8000 USD/BTC threshold on November 17th. By that time, Bitcoin had already gone up in value by more than 700% – from 950 all the way up to 8000 USD/BTC ­since early 2017.
 
According to the survey conducted by LendEDU among Bitcoin investors, they expect the digital currency to skyrocket to $196000 per 1BTC over the next few years. Well, their hopes are backed by the current dynamics. It took Bitcoin 1789 days to reach 1000 USD/BTC. After reaching 5000 USD/BTC, the dynamics accelerated dramatically. Over the last few months, the digital currency has been gaining another $1000 every couple of weeks. To gain another thousand dollars, Bitcoin spent just 9 days!
 
Experts say that the international community of Bitcoin investors have been resuming their interest in Bitcoin since there are hopes that the Segwit2x hard-forking will eventually take place in the near future. For those of you who don’t know, the event was scheduled for the end of November but then suspended, which make Bitcoin crash down to 5600 USD/BTC since investors had switched to other digital currencies. Later on, the community started spreading the rumor that Segwit2x is not dead. Couple with the news, about CME Group’s plans to launch BTC futures, all of that pushed Bitcoin higher to set new all-time highs. 

 

 

 

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Bitcoin Exchange Rate Drops Below $9000

Earlier today, the BTC exchange rate continued its way down to new local lows. In particular, it temporarily dove below the psychological threshold of 9000 dollars per 1 BTC. According to Coinmarketcap, the current local low is 8720 USD/BTC.

Publication date: 02 February 03:41 AM

Skeptics Predict Bitcoin Crash

As the amount of Bitcoin users is growing like never before, the amount of Bitcoin skeptics is growing as well. They are warning us that Bitcoin is doomed to crash at some point in the future. There are respected investors among them, who think that the rapid growth of Bitcoin and other altcoins is dangerous to those investing in them.

Publication date: 26 January 03:51 AM

Muslims Are Forbidden to Trade and Mine Bitcoin

The Grand Mufti of Egypt Shawki Allam is reported to have issued the so-called fatwa (which means a ban on something) against cryptocurrencies. This means that Muslims can no longer trade or invest in Bitcoin or other cryptocurrencies. To be more specific, the Mufti thinks that trading cryptocurrencies is almost the same as gambling. Yet, gabling is strictly forbidden in Islam.

Publication date: 12 January 03:19 AM

Alpari’s Mobile App Gets Over 400K Users

Over the last few years, the amount of online traders using mobile apps has increased dramatically. The stats show that most of the time mobile forex traders choose mobile trading apps by Alpari, one of the biggest brokers in the international forex industry.


Publication date: 03 January 07:06 AM

Bitcoin Harms Natural Environment

 Today, only 1% of the global population is investing in cryptocurrencies.  However, mining those cryptocurrencies is something that all of us have to pay for. This is what Deutsche Welle thinks on the matter.

Publication date: 02 January 11:43 AM

Bitcoin May Trigger Another Major Financial Crisis

 Some experts say that Bitcoin and other cryptocurrencies may trigger another major financial crisis.

Publication date: 02 January 11:42 AM

Fort Financial Services ¬– World’s Best Forex Bonus Offer 2017

Masteforex-V Academy has recently announced the results of the annual contest named «World’s Best Forex Bonus Offer 2017». Fort Financial Services won the title as the forex broker occupying the first position in the corresponding rating by Masterforex-V Academy.

Publication date: 28 December 09:28 PM

Bitcoin Exchange Rate May Drop to Zero, Morgan Stanley Experts Say

Bitcoin may drop all the way down to zero dollars. This is what Morgan Stanley analysts led by James Faucette told Business Insider. Such a gloomy forecast for the world’s first and most expensive cryptocurrency to date showed up amid another major drop in its exchange rate. The thing is that Bitcoin dropped by 40% from 19K dollars all the way down to 11,8K dollars on December 22nd. 

Publication date: 26 December 12:21 PM

Bitcoin is Yet to Win Major Investors’ Trust

The first Bitcoin futures were finally launched in the USA. However, despite the fact that cryptocurrencies have already been recognized a part of the financial world, skeptics still don’t believe in them and anticipate a cryptocurrency market crash. 

Publication date: 25 December 05:49 AM

Alpari PAMM Service Gets Its Monthly Turnover Exceed $15 Billion

Most people prefer to keep their savings in a bank. They believe that despite those tiny interest rates they get paid, storing money in a bank account is way safer than anything else. The point is, we are talking about storing money while it’s wiser to invest money so that it could make even more money. For example, Europeans like to consider investing their money in various kinds of assets. They further spend their profits on some big purchases or education for their kids.

Publication date: 21 December 03:17 AM