Common currency keeps to 1-year minimum vs. greenback
On Tuesday, the common currency kept to a one-year minimum versus the evergreen buck and the Swiss franc…
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
Evergreen buck ascends, as Turkish lira dives
On Monday, the evergreen buck managed to rally versus its rivals, although profits were tamed because the common currency went down from a 13-month minimum notwithstanding another rout in Turkey’s currency…
Euro rebounds above $1.14
Having weakened to a 13-month minimum the common currency rebounded above the $1…
Popular
Japan February exports are seen surging at fastest pace since 2015
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
Asian shares tumble with Japan markets shut
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
Greenback surges as yields soar
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
Deposit with your local payment systems
