UK pound goes up
On Thursday, the UK currency managed to ascend after news that British Prime Minister Theresa May had support from her government for a draft Brexit pact secured…
Bitcoin futures volumes keep diving for the third day
On Tuesday, Bitcoin turned out to be marginally lower, finding itself on track for another losing session because market participants search for another catalyst to drive market sentiment in the crypto market.
The currency pair BTC/USD hit $6,423.55, losing by 0.4%.
As follows from the CME Group Inc., on Monday volumes on Bitcoin futures headed south for the third trading session in a row. With 2,480 transactions, they have decreased by 69% since August 13, exactly when over 8,000 Bitcoin futures contracts managed to change hands.
Notwithstanding the deceleration in volumes, some market experts pointed out that the falling volatility appears to be an upbeat sign for enthusiasts of digital assets. A firm price range is good for Bitcoin as it lifts its use as a reliable store of value and provides developers of the network with more time to create the infrastructure, which will be required going forward.
In addition to this, altcoins, which are any crypto assets that aren’t bitcoins, kept diving for the second day in a row. Following a resurgence late the previous week, the currency pair ETH/USD has headed south for the second day, decreasing by 3.6% coming up with an outcome $275.40. As a matter of fact, the second largest digital currency has gone down by 14% since overleaping $320 on Saturday.
Additionally, the currency pair BCH/USD lost 3.3% being worth $526.30. Furthermore, the currency pair LTC/USD decreased by 0.56% demonstrating $54.96. As for the currency pair XRP/USD, it ended up with 33 cents, losing 4.4%.
Bitcoin futures that concluded marginally lower on Monday were seen in the red early afternoon. The Cboe Global Markets Inc.’s September contractXBTU8 decreased by 0.7% hitting $6,410. As for the CME Group Inc August contract BTCQ8, they dipped by 0.4% reaching $6,405.
Similar
Evergreen buck pares back profits after inflation data
On Wednesday, the major US currency managed to pare back earlier profits…
Evergreen buck keeps to 2018 maximums
On Tuesday, the evergreen buck kept to the highest levels of 2018 against the backdrop of hopes for higher American interest rates, while the UK currency rebounded from one-and-a-half week minimums notwithstanding everlasting Brexit uncertainty…
Latest news
Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
Greenback edges down
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
Deposit with your local payment systems
