Heroes of Ukraine

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

Saturday, 20 October 16:31 (GMT -05:00)



Foreign exchange market

Bitcoin lost 7% in 24 hours


The Bitcoin exchange rate has gone down by 7% over the last 24 hours. In particular, the exchange rate dropped down to 7500USd/BTC. 

Last week, the world's first cryptocurrency managed to break above the $8000 threshold. However, as we can see now, this was a relatively short journey to new local highs. Bitcoin has been relativelyweek since the start of this trading week. According to NordFX, earlier today, 1 Bitcoin cost slightly over $7500 on average. As we have already mentioned, this is a 7% drop over the last 24 hours. The market cap is now down to 130 billion dollars. At this point, Bitcoin makes up for roughly 48% of the global crypto market

As you might have already guessed, many altcoins have been following Bitcoin, includingall of the TOP15 coins in terms of market cap. 

At this point, more and more experts are convinced that last week's Bitcoin rally was of purely speculative nature. However, now it'sclear that the SEC's decision to delay the permission for the world's first Bitcoin ETF as well as the expiration of Bitcoin futures on July 25theventually got the coin back where it currently belongs. 

Some experts don't deny the possibility of Bitcoin going further down to $7000 by the end of this week. However, the most likely near-term scenario is a roller-coaster within the $7400-7900 range. At the same time, the market sentimentis getting bullish.
 



 

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

 

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

The Impossible Is Possible: Hackers Rob Zaif Crypto Exchange

The Japanese cryptocurrency exchange named Zaif, which claims to be super secure, has been attacked by hackers. They managed to steal quite a big amount of money.

Publication date: 15 October 08:59 AM

Bitcoin Will Yield Its Leadership to Ethereum, Weiss Says

Weiss Ratings, a provider of forecasts and reports on financial assets, including stocks ETFs, and cryptocurrencies, has recently released a controversial forecast.

Publication date: 11 October 11:46 AM

Crude Oil Is Getting Ready To Test $100/b

International expert say that there is a really high probability of crude oil starting another rally to test $100/b. After a major drop down to $40/b that started in 2014, crude oil has been continuously trying to regain the lost ground. Since then, the price has doubled. At this point, Brent oil costs $85/b. Yet, this is not the limit, or at least it seems so right now. 

Publication date: 11 October 10:40 AM

FortFS Introduces Super 8,88% Cash Back

Publication date: 30 September 05:22 AM

Bitcoin Prospects From Investors' Standpoint

The latest events taking place in the international market of cryptocurrencies seem to be making international traders and investors doubt the future behavior of digital currencies. With that being said, they are trying to be cautious about their predictions related to cryptocurrencies.

Publication date: 20 September 12:08 PM

Masterforex-V Academy Names World's Best Forex Brokers

There are quite a lot of FOrex brokers out there, which is why even FX experts may have a hard time finding one of the best representatives of the FX industry.

Publication date: 15 September 10:43 AM

China's Central Bank Wants to Legalize Cryptocurrencies

The People's Bank of China is currently seeking expert advice regarding turning cryptocurrencies into legal financial asset and payment means in China. According to some financial experts from China, the Chinese authorities have been showing keen interest in blockchain-based technologies, ICOs, and digital currencies. However, they have been cautious since they don't want the international community to know about it.

Publication date: 13 September 11:00 AM

Russian Forex Jurisdiction Gains Strength

After the summer break, investors are going back to business, refreshed and ready to go productive. Most of them see September as the beginning of a new life cycle in their career. its not accidental that an unprecedented event is planned by Alpari Forex. The Alpari office located in Saint Petersburg, Russia, will welcome Evgeniy Masharov, who is in charge of the Association of Forex Dealers. He is visiting Alpari Forex for the first time and planning to participate in a meeting with some of the Forex traders and investors registered in the Russian FX jurisdiction.

Publication date: 03 September 10:44 AM

Near-Term Bitcoin Prospects

Bitcoin has been feverish and going up and down in value, and the entire crypto-market has been following the world's first and biggest cryptocurrency.
 
Publication date: 21 August 11:14 AM

There's Nothing Wrong About Crypto-Market Downtrend, Ethereum Co-Founder Lubin Says

The ups and downs currently seen in the global market of digital currencies do not reflect the current state of affairs in the market, Joseph Lubin thinks. By the way, he is the founder of ConsenSys and a co-founder of Ethereum, the world's second-biggest cryptocurrency in terms of market cap. 

Publication date: 21 August 10:48 AM