
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
On Wednesday, Bitcoin along with and other major digital coins rallied notwithstanding reports that Japan is actually considering demanding cryptocurrency exchanges to give data on their customers suspected of tax evasion.
As a matter of fact, on the Investing.com index, Bitcoin managed to rally by up to 2.1% coming up with a reading of $3,916.8 by 12:31 AM ET. Additionally, the number two crypto asset by market cap, Ethereum headed north by up to 1.2% trading at $108.54. As for XRP, it jumped by nearly 3.1% trading at $0.35233 on the Poloniex exchange. Besides this, Litecoin also gained, leaping by up to 2.4% trading at $31.017 on the Bitifinex exchange.
Crypto assets have declined a lot for the last time, with Bitcoin losing up to 80% of its market value in contrast with 2017. News of regulatory scrutiny as well as a hard fork in Bitcoin cash turn out to be some of the reasons market experts have told volatility has gotten back to the market.
On Wednesday, Cryptovest informed that Japan is actually considering empowering the National Tax Agency to force cryptocurrency exchanges to uncover data having to do with their customers who have been suspected of tax evasion. The given data includes names, individual identification numbers, activity log as well as wallet addresses.
The article told that more than 300 traders posted minimum earnings of up to 100 million yen from crypto investments the previous year.
Referring to government sources, the review stressed that a considerable number of individuals didn’t clearly reveal their gains from cryptocurrency transfers as well as activities.
In addition to this, the latest digital exchange ErisX managed to raise up to $27.5 million from investors including Nasdaq and Fidelity ventures, as Reuters informed. The exchange is anticipated to trade Litecoin, Ethereum, Bitcoin as well as futures in 2019, pending regulatory approval.
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.
The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!
The United States has one week before default, and NVIDIA may become the next Tesla. What else drives the market?
Some progress in US debt ceiling talks is made, and the PMI data is out.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.