Crypto assets dive

Crypto assets dive

On Friday, Bitcoin as well as other digital coins went down, thus extending a recent trend of moving in inverse correlation to the yellow metal. Gold futures were backed by a report in the Wall Street Journal telling that the key US financial institution will most probably stop the wind-down of its anti-crisis measures earlier than previously anticipated, thus provoking a larger balance sheet as well as a consequently looser monetary policy stance than investors had hoped for.

The report actually contributes to impressions that the major US bank is close to concluding its policy tightening cycle. It might back the yellow metal due to the fact it diminishes the risk of a widening gap in attractiveness between gold and interest-bearing assets.

Bitcoin hit $3,620, decreasing  by 0.3%. As for Ethereum, this crypto asset headed south by 0.7% ending up with $117.77. As for XRP, this crypto asset tumbled by 0.4% being worth $0.314. Litecoin managed to ascend by 1% coming up with a reading of $32.28.

On Thursday, crypto assets were pressured right after JPMorgan Chase experts told that Bitcoin might dive to $1,260 or even lower because of its inability to prove its value and break into the financial mainstream.s

Besides this, pension funds as well as asset managers have mostly stayed clear, notwithstanding some advances in market infrastructure, such as safer methods to store cryptocurrency emerge, with most concerned about security flaws, volatility as well as propensity for illicit usage.

The usage of crypto assets for payments, which appears to be the number one purpose of Bitcoin is going to remain challenged, as some analysts ascertained. They added that they don’t know any key retailers that accepted crypto assets last year.

Bitcoin will probably have cost support at about $2,400. However, it might dive below $1,260 if a bear market is firm enough.


Where is Dogecoin?
Where is Dogecoin?

Did the era of the Dogecoin, the most famous cryptocurrency, come to its end, or it is just a calm before the storm? Let’s find out!

Latest news

FED and BOE Make Another Attempt to Beat Inflation
FED and BOE Make Another Attempt to Beat Inflation

The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.

Deposit with your local payment systems

Feel the Team Spirit

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.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

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