ONLINE FOREX BROKER
We got bittersweet news for you. First, US officials managed to recover most of the ransom paid to hackers that targeted Colonial Pipeline, which raised concerns over the security of the cryptocurrency. US officials were able to access the password for one of the hackers’ bitcoin wallets. What?! Is it possible? It turned out that yes, and the BTC has immediately lost one of its main advantages.
Just two months ago the Bitcoin has set an all-time record of almost $65,000. However, a recent sell-off in crypto prices has weakened confidence in it. Or not? Maybe it’s just a good opportunity to buy some bitcoins. Views of investors and analysts differ. Some believe the BTC will retest $20,000 such as Oanda and Evercore. Others are selling other assets to purchase more crypto. For example, MicroStrategy has sold $500 million in junk bonds to buy additional bitcoin.
Second, El Salvador adopted Bitcoin as a legal tender, which helped to recover some losses triggered by the first news. It’s hard to imagine right now, but if this experiment goes well, other countries can implement this practice as well.
After a long fall, BTC/USD has entered the horizontal corridor between $33,000 and $40,000. It’s likely to move sideways inside this range for some time. When it manages to break above the resistance level of $40,000, it may jump to the 200-period moving average of $42,000 and then to the psychological mark of $45,000. On the flip side, if the BTC drops below the support of $33,000, the way down to January lows of $30,000 will be clear.
You can trade crypto only in the FBS Trader app. The screenshot of MetaTrader 5 above is used for the more complicated technical analysis.
Today, two events will shake the US dollar. First, at 16:45 GMT+2, Markit, a statistical company, will release the US Flash Services PMI. Moreover, at 21:00 GMT+2, the Federal Reserve will release its meeting minutes.
This Wednesday will be heaven for day traders. A considerable number of events will make the market volatile. Don't miss it!
The G20 summit and the US PPI release gave us a lot of volatility to trade on. Luckily, today’s markets may be even more volatile with new vital releases and geopolitical decisions. The daily news report will surely help you!
The winter is coming, and risky markets expect a rally to come with it. Will this December be bullish for stocks, crypto, and gold? A pack of news will surely help you out.
Good morning, dear traders! Hope you’re doing great! Let’s talk about the news that is worth following today! Key market events: 15:30 MT, CAD GDP m/m 17:00 MT, GBP BOE Gov Bailey Speaks Oil is tensed again Oil rose as China refined its approach…
Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!
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