Weekly Cryptonews

Weekly Cryptonews

Martin Weiss, the founder of Weiss Ratings: “Like gold, Bitcoin and other cryptocurrencies could become a haven for investors who flee from fiat currency devaluations. In fact, in one key aspect, it may be even better than gold: It cannot be confiscated by any government.”

Tuesday happened to be the most volatile day for Bitcoin this week, as the cryptocurrency fell below the $3,500 level, but managed to rebound quickly to the levels near $3,600. On the H4 chart, we can see that the grandfather of cryptocurrencies has been trading within the $3,586-3,642 range for the last three days. The rebounds from these levels may be used to open positions. For now, Bitcoin has already tested the ground below the support at $3,586. If this level is broken, the next support lies at $3,563. In case bulls get stronger, they may push its price above the resistance at $3,642. The next resistance is placed at $3,658. However, the overall picture of the market and the trend are still bearish. That is why we may expect further falls.


Other news:

  •  Chicago exchange CBOE has canceled its request to approve VanEck and SolidX Bitcoin ETF (exchange-traded funds) due to the current government shutdown. It plans to ask for the approval again when the Security exchange commission starts to work.
  • Cryptocurrency bank Galaxy Digital plans to invest $250 million to issue credits to blockchain companies, which struggle with the bear market.
  • The candidate for the US president post, a huge supporter of crypto and the founder of the famous antivirus software John McAfee left the country after he was indicted on charges of tax fraud.
  • The market anticipates the presentation of the TON blockchain network and GRAM token by Pavel Durov during the World Economic Forum this week. This is a highly important event, which may affect the market positively. According to the news, TON will be launched in March.
  • The “World Economic and Social Survey 2018” report by the United Nations said cryptocurrencies and blockchain allow to switch their confidence from banks and governments to program codes.


  • Japanese Regulators Approve Startup’s Bitcoin Sidechain Trial for Exchanges
  • Chili and Romania plan to apply taxes on crypto operations’ income.
  • The United Arab Emirates and Saudi Arabia develop a cryptocurrency for payments between banks or governments.

Bitcoin $3,656.5

Ethereum $118.45

Litecoin $33.31

DASH: $76.00


CPI Wednesday: the Doomsday for EURUSD and GBPUSD?
CPI Wednesday: the Doomsday for EURUSD and GBPUSD?

Today, the US Inflation release at 15:30 GMT+3 will determine the further destiny of the major pairs and gold. The event is highly impactful, as the Federal Reserve will make decisions regarding further rate hikes based on it. Also, we brought you some news about XAUUSD and GBPUSD. Stay tuned!

Latest news

Gold Rises as Central Banks Buy More
Gold Rises as Central Banks Buy More

About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.

US Evades Default This Time
US Evades Default This Time

Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!

USD Gains Momentum
USD Gains Momentum

The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!

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