Brazil is struggling on both the humanitarian and the financial frontы. As a result, Brazilian real is weakening
Bitcoin stands still
On Monday, cryptocurrencies demonstrated mixed performance, with Bitcoin standing still because trade was still thin because of the American holiday.
As a matter of fact, on the Bitfinex exchange Bitcoin managed to ascend by 0.02% coming up with an outcome of $7,2327.40. By the way, the trading session was anticipated to be light enough, as market participants in America celebrated the Labor Day holiday.
In general, crypto assets turned out to be a bit lower. The coin market cap of the total market capitalization accounted for $235 billion at the time of writing versus Sunday’s outcome of $239 billion.
The number two crypto asset by market cap, Ethereum went down by 1.03% ending up with $287.87. At the same time XRP, which appears to be the third largest digital coin, slumped by 1.17% showing $0.33441. As for Litecoin, it reached $64.762 adding 0.14%.
Japan’s Financial Services Agency is rolling out stricter registration rules for crypto exchanges. Tha’ts what the Japan Times informed on Sunday. As for the rules, they’re expected to supervise whether crypto exchanges are conducting risk management in the right way or not. The changes include, minutes of board meetings, more application questions as well as reviews of the companies’ shareholders.
Japan turned out to be the first country in the world to officially legalize crypto exchanges with the licensing regime started in 2017. After a number of exchange hacks, the watchdog has closely watched currently existing crypto companies and has provided business improvement orders to some of them.
In addition to this, web-browser Mozilla Firefox is expected to block crypto mining malware. Well, as crypto assets are getting more popular, security still appears to be one of the greatest hurdles to the industry. Future versions of Firefox are going to have crypto mining practices blocked by default.
Canada will publish employment change and an unemployment rate on Friday, at 15:30 MT time.
USD/CHF and EUR/CHF rose to tactical highs. What's next?
The Australian economy has been on a steady recovery path, and now we have a very symbolic confirmation that S&P ASX 200 is about to cross 7000!
Jump in to know the latest market news and trade ideas for today!
The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.