
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
On Friday, digital coins went up, with Bitcoin making its way towards the psychologically crucial $4,000 level. Besides this, the CEO of Coinbase came up with support for Quadriga, the disgraced platform on Twitter.
Bitcoin, the most popular crypto asset managed to surge by up to 0.59% concluding the trading marathon at $3,973.10 on the Investing.com Index.
In general, digital coins went up to a market capitalization of $135 billion.
The number two crypto asset, Ethereum tacked on by 2% being worth $148.20. It occurred due to the fact that its Constantinople hard fork is anticipated to take place at the end of February. As for XRP, it rallied by up to 0.13% hitting $0.32146. Besides this, Litecoin showed $49.58, adding 1%.
As Coinbase CEO Brian Armstrong told, from his point of view Canadian platform Quadriga didn’t stage its downfall to have investors scammed, as folks have suggested.
Founded in 2013, QuadrigaCX happened to be one of the oldest crypto exchanges in the world. So, if they considered an exit scam, it should have been timed much better, Brian Armstrong pointed out on Tweeter.
However, as follows from an investigation by Coinbase, the last months of operations raised questions as for probable mismanagement at the company.
Quadriga is actually experiencing a number of lawsuits from folks attempting to secure missing funds right after CEO Gerald Cotten suddenly passed away in India in early December without providing the password for access to cold wallets.
The company only has access to its hot wallets, connected to the network. However, the crypto wallets have less than $1 million, which is not far from the C$180 million of crypto assets frozen in user accounts.
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
Here you'll find what awaits the market this week, from the CPI release to a possible gold plunge.
The first week of November promises to be eventful, as we have the Fed meeting, the BOE update, and the NFP release. Read more details here.
Oil prices are rising and Russia banned the export of its petrol. What's happening in the markets?
Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.
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