Bitcoin is seen paused below record maximum

Bitcoin is seen paused below record maximum

On Friday, Bitcoin paused around $9,600 in rather a volatile trade having dropped 15% from an all-time maximum reached this week because some money managers hinted at a bubble as well as further dips in the stratospheric cryptocurrency.

On the Luxembourg-based Bitstamp exchange Bitcoin last descended 3.4% from a record high of $11,395 reached on Wednesday.

The latest dip has tempered an astronomical ascend for recent months. The given cryptocurrency has rallied nearly 1,100% year-to-date.

Some financial experts predict deeper drops referring to technical analysis charts. They tell that pure speculation is backing prices for the cryuptocurrency at the moment. Investors have to utilize technical indicators to their sell and buy decisions.

Notwithstanding this week’s huge dip, bitcoin still concluded November 54.6% higher, which is its best monthly outcome since a near 66% revenue in August.


Latest news

Evergreen buck heads north

On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…

Gold ascends on Brexit jitters

On Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold…

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera