Crypto assets inch down, Bitcoin keeps to $6,500
On Tuesday, crypto assets declined a bit, while Bitcoin kept to $6,500…
Bitcoin visited $8,000 for the first time
Bitcoin reached another all-time high this week. This time BTC/USD rose above $8,000 for the first time ever. However, the quotes visited this milestone only briefly. In addition, the record high was registered only at one bitcoin exchange – Bitfinex.
Bitcoin has been extremely volatile recently. Digital asset fell to $5,426 on November 13 and then rose up to $8000. The cryptocurrency declined as demand for bitcoin’s fork called bitcoin cash (BCH) soared over the weekend. Bitcoin Classic took a blow on the news that SegWit2x, bitcoin’s hard fork planned for November 16 and aimed at increasing the transaction speeds, was canceled. By the end of the week, the situation changed: BCH descended, while BTC went up by 45%.
The key issue – the regulation of the cryptocurrency market – remains unresolved. The world’s largest derivatives exchange operator CME Group announced last month its plans to launch bitcoin futures by the end of 2017. The head of CME Terry Duffy said that these futures would take into consideration bitcoin’s volatility.
Data from Coinmarketcap.com show that the overall capitalization of bitcoin market rose to $133.5 billion.
Sheba Jafari, the vice president of the Goldman Sachs FICC market strategies team, expects bitcoin’s value to consolidate around $8,000.
Similar
Yen inches up on safe-haven demand
On Tuesday, the Japanese yen strengthened versus the evergreen buck against the backdrop of further political uncertainty in the European Union over Italy’s spending plans…
Evergreen buck rallies vs. its rivals
On Monday, the US currency managed to surge versus its key opponents after a dive in the British pound in the face of soaring uncertainty as for the future of British Prime Minister Theresa May because Brexit negotiations were still suspended…
Latest news
Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
Greenback edges down
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
Deposit with your local payment systems
