NZD/USD: testing tactical support
The Reserve Bank of New Zealand made announcements regarding its monetary policy. The NZD/USD dropped.
Digital coins recover
On Tuesday, crypto assets managed to recover a bit without any clear driver following news that the Federal Bureau of Investigation could be probing Quadriga over its missing money.
The FBI could be probing the crypto exchange bombarded by numerous lawsuits as for $136 million frozen by the company after in December its CEO had passed away.
The CEO of crypto exchange Kraken, Jesse Powell came up with a statement that the FBI as well as Canadian Mounted Police have been reaching out to his company for the last time. Besides this, Powell told that from his point of view the missing funds were transferred to other crypto exchanges.
His comments back claims from consulting firm ZeroNonCense, which ascertains that Quadriga stored up to 650,000 ETH on other crypto exchanges. Among them, it mentioned Bitfinex and Kraken.
Quadriga is blamed for missing up to CA$180 million dollars in crypto assets because of the death of its founder Gerry Cotton. The very essence of the issue is that Gerry Cotton happens to be the only person who has access to the company’s cold wallet.
Eventually, Bitcoin headed north by about 1.2% on the Investing.com Index concluding the trading session at $3,749.9.
In general, digital coins surged a bit, heading north to $128 billion at the time of writing in contrast with Monday’s result of $125 billion.
As for Ethereum, this digital currency went up by 3.3% being worth $129.08. Besides this, XRP rallied by 2.4% reaching $0.30825. Litecoin hit $9.165, adding 6.7%.
Furthermore, crypto finance company Circle has finished its acquisition of crowdfunding platform dubbed Seedinvest. The given move will enable the Goldman Sachs-baked company to have the tokenization of conventional financial contracts explored.
Similar
The US inflation: getting worse?
The US CPI and core CPI are due at 15:30 MT time on May 12.
May 2020 forex season trading
April seasonal patterns weren’t supposed to work, but somehow they did. Even a strong fundamental issue such as the global recession amid the coronavirus couldn’t overwhelm it. That’s why May seasonal patterns may work as well.
Latest news
Market news on May 26: S&P 500 passed 3000
Stocks, oil and GBP gain on risk-on sentiment
What moves the market on May 25?
Investors weigh reopening economies against the growing US-China tension. Which impulse will be stronger?
What moves the market on May 22?
Here you’ll find fresh news that drive the market today.
Deposit with your local payment systems
