This is the most important news in the Forex market today.
Crypto assets slump
On Thursday, crypto assets generally dived. It’s because trading was still thin because of the Thanksgiving holiday.
As a matter of fact, on the Bitfinex exchange, Bitcoin headed south by 2.57% ending up with $4,537.90 having slumped to $4,411.00 on Tuesday.
In general, crypto assets declined, with the overall crypto market capitalization at about $147 billion at the time of writing, which is less than $150 billion recorded on Wednesday.
Besides this, Ethereum dived by 4.92% trading at $133.85. Litecoin reached $33.510, diving by 1.27%. As for XRP, this digital coin inched down by nearly 1.76% being worth $0.44332.
In addition to this, France’s National Federation of Tobacco Vendors revealed that tobacco shops are going to offer bitcoin vouchers on January 1, 2019. The project was started by French startup Keplerk. It gives users an opportunity to have their vouchers converted into Bitcoin and store it on crypto wallets on its platform.
By the way, the startup has been attempting to sell to retail investors for more than a year. It’s on the verge of charging a 7% commission on its transactions.
Additionally, the French key financial institution doesn’t oversee the Keplerk initiative. What’s more, it warned traders against the potential risks of injecting funds in crypto assets.
On Wednesday, the key French bank told that digital coins can be defined as solely speculative assets, having nothing in common with fiat currencies. Respectively, those who investing in Bitcoin as well as other digital coins expose themselves to a high risk.
Aside from that, Saudi Arabia is geared up towards starting its own crypto asset in 2019.
The crypto project of the United Arab Emirates is expected to be completed approximately by mid-2019. That’s what the head of innovation at the Saudi Arabian Monetary Authority, the country’s key financial institution, Mohsen Al Zahrani revealed.
During today's press conference, the ECB president said that the data was "somewhat" better than the expectations in the first quarter. T
Australia will release the level of employment change and unemployment rate on June 13, at 4:30 MT time.
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
On Monday, gold declined because the evergreen buck managed to gain early traction, thus putting pressure on the most popular precious commodity, which has been sticking with the year’s minimums…