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…
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.