Bitcoin keeps to a month’s maximum

Bitcoin keeps to a month’s maximum

On Tuesday, bitcoin as well as other digital currencies went up after reports that financial companies are considering trading in digital currencies.

On the Bitfinex exchange bitcoin managed to grow by 4.45% displaying a maximum of $9341.00 per month.

Prices for other crypto assets rallied too. The second largest capitalization of Ethereum on the Bitfinex exchange went up by 8.81% hitting $698.54. The third largest digital currency, Ripple, managed to ascend 5.90% and ended up with $0.92676. At the time of writing, the Litecoin exchange rate rallied by 6.69% being worth $162.44.

According to a Thomson Reuters survey, every fifth financial institution is ready to start trading in digital currencies in 2018.

The survey involved up to 400 respondents, including investment managers, representatives of hedge funds, trading platforms and major banks. About 70% of respondents told that they are going to develop a plan for trading crypto assets within the next three to six months.

Interest in cryptocurrencies abruptly soared after bitcoin shockingly jumped to $20,000 in December 2017. Some financial institutions drew attention to the interest of their customers to trade in digital coins, several hedge funds have already started trading in crypto assets.

The government of the Chinese city of Shenzhen announced the creation of its own investment blocking fund. Although the use of bitcoin and other digital currencies is forbidden in China, the Asian country generally welcomes the introduction of blocking technology, which supports cyrptocurrencies such as bitcoin.

The new fund is on the verge of invest over $80 million in the development of Shenzhen start-ups. In March, the People's Bank of China launched an open blockbuster platform in Hangzhou.

Virtual currencies have obtained support thanks to news that Malta welcomes on its territory the creation of crypto exchange exchanges as well as companies having to do with cryptocurrencies.


USD/MXN: optimistic on the vaccine coming?
USD/MXN: optimistic on the vaccine coming?

During the daily press briefing of Andres Manuel Lopez Obrador, it was announced that Mexico will receive 1.4 million doses of the vaccine by the end of January. Is that optimistic enough for the peso?

Latest news

USD starts the week with gains
USD starts the week with gains

Poor US data, slow vaccine distribution, rising virus cases worsened the market sentiment and underpinned safe-haven currencies like the USD, and JPY.

ECB report is in focus
ECB report is in focus

The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time. 

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


Manager will call your number

Correct number

Your request is accepted

Manager will call your number

Next callback request for this phone number
will be available in {time}

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

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

Beginner Forex book

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