
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
On Monday, crypto assets stood still. Bitcoin maintained a four-day band of $6,450.
As a matter of fact, Bitcoin headed south by 0.70% on the Bitfinex exchange trading at $6,470.70.
In general, crypto assets managed to jump, with the coin market cap of total market capitalization accounting for $201 billion in contrast with $199 billion on Friday.
The number two alternative currency by market cap, Ethereum went down by 0.72% coming up with an outcome of $218.30. The number three digital coin by market cap, XRP slumped by 0.09% demonstrating an outcome of $0.27971. As for Litecoin, it reached $55.934, heading south by 1.58%.
Besides this, platform exchange Coinbase is on the verge of hiring up to 130 staff members by the end of 2019 in its New York office, bringing the overall staff to 150. The move turns out to be a part of the companies’ initiative to have institutional investors targeted, as general manager of Coinbase, Adam White uncovered.
Adam White told that when they saw the market start correcting that was rather an anticipated thing, banks didn’t lose interest. On the contrary, they considered it to be a chance to enter when it’s high time to do.
Besides this, a U.S. Pennsylvania district court had a case versus the defunct Mt. Gox digital currency exchange as well as Mizuho bank of Japan dismissed due to lack of jurisdiction. Apparently the court had a motion of Mizuho granted for the purpose of dismissing the case filed versus them by Gregory Pearce – one of 24,000 crypto users who was deprived of his money.
In 2014, the platform came to its end after the theft of about 70% of Bitcoin holdings. The crime was committed by hackers. The given cyber attack ended up in a loss of 850,000 Bitcoin and it appears to be one of the most impressive attacks for the last time.
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
Here you'll find what awaits the market this week, from the CPI release to a possible gold plunge.
The first week of November promises to be eventful, as we have the Fed meeting, the BOE update, and the NFP release. Read more details here.
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!
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