Find out the most bullish forecast for gold!
Bitcoin crosses $50,000!
Just opened the FBS Trader and saw Bitcoin above $50,000! Not that it was something unexpected but still, it's an important mark and opens further horizons for the cryptocurrency to conquer. Very possibly, $100,000 may be somewhere within those horizons in the observable future - everything is possible now!
What's moving it upwards is the increasing institutional investors interest in cryptocurrencies. One of the recent impulses was provided by Elon Musk who announced that Tesla got a very big chunk of its equity converted into Bitcoin - logically, the coin went on for a bullish rally after that. The more corporations and economic structures reveal and manifest their active interest in Bitcoin, the higher it will go. Those who profess $100,000 and more base their predictions mainly on that.
OPEC will hold its extraordinary meeting on Thursday. Will that help to push the oil price up?
Bitcoin reached new record highs above $7,300 on the Luxembourg-based Bitstamp exchange on Friday…
What's moving markets on Friday? Read in the fresh report!
Elon Musk, Tesla’s founder and CEO, said the company wouldn’t accept Bitcoin as payment any longer. As a result, BTC/USD dropped to $45,300, the low unseen since March.
The USA will post Retail Sales and Core Retail Sales on May 14, at 15:30 MT time.