Online Forex broker
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.
On Thursday, the major US currency rebounded from its unexpected dive following dismal economic data that sparked fears about the strength of the American economy and also backed the Fed’s intention to leave rates on hold in the nearer future…
On Thursday, Bitcoin was still below the psychologically crucial $4,000 mark without any clear driver…
Having hit $4,000 for the first time for six weeks on expectations that the US Securities and Exchange Commission will soon approve investment vehicles, which would broaden Bitcoin’s appeal, the number one crypto assets rebounded on Wednesday…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
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…
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…
Your request is accepted.
A manager will call you shortly.
Internal error. Please try again later
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
