Digital currencies recover

Digital currencies recover

On Thursday, key crypto assets managed to reverse losses from yesterday in Asia right after the market was suppressed by the Binance hack news. As a result, the bullish sentiment pushed Bitcoin up, enabling it to overleap $6,000.

Eventually, Bitcoin headed north by up to 3.14% coming up with an outcome of $6,080, overleaping the major $6,000 mark for the first time in 2019. The number one crypto asset managed to regain momentum after it was set back a bit by the news that key crypto exchange Binance was attacked by hackers.

As Binance informed, hackers managed to withdraw 7,000 Bitcoins worth nearly $40 million just in one transaction.

As for other crypto assets, they also stayed in the green. Eventually, Ethereum tacked on by up to 1.16% concluding the trading session at $171.78. Additionally, XRP surged by up to 0.17% hitting $0.30082, while Litecoin jumped by nearly 1.61% being worth $75.352.

The overall market capitalization went up to $188.7 billion from yesterday’s reading of $183.9 billion.

Facebook told it’s going to relax its advertising ban on businesses that promote products as well as services having to do with crypto assets. Last June Facebook imposed a policy to require prior written approval to promote crypto products as well as services on its platform.

However, Facebook will keep prohibiting advetisements that promote contracts for difference as well as complex financial products because they’re often associated with predatory behavior. Moreover, advertisements for ICOs and binary options are still going to be banned.

The move occurred after Facebook told it would launch its own crypto asset that is believed to be a stable asset pegged to the evergreen buck.

Similar

USD/MXN: optimistic on the vaccine coming?
USD/MXN: optimistic on the vaccine coming?

During the daily press briefing of Andres Manuel Lopez Obrador, it was announced that Mexico will receive 1.4 million doses of the vaccine by the end of January. Is that optimistic enough for the peso?

Latest news

USD starts the week with gains
USD starts the week with gains

Poor US data, slow vaccine distribution, rising virus cases worsened the market sentiment and underpinned safe-haven currencies like the USD, and JPY.

ECB report is in focus
ECB report is in focus

The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time. 

Deposit with your local payment systems

Learn more

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.

Callback

Manager will call your number

Correct number

Your request is accepted

Manager will call your number

Next callback request for this phone number
will be available in {time}

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