Weekly Cryptonews

Weekly Cryptonews

Aaron Olmos, Venezuela’s most outspoken economist: “We are in a complicated situation because ‘good money’ –  dollars or cryptocurrency – is available, but it is scarce because people tend to keep it, not spend it. On the other hand our ‘bad money,’ the Bolivar, it’s the one used by law.”

Let's look at how the oldest cryptocurrency has been performing this week. Bitcoin continues trading sideways between the $3,920 and $4,013 levels. Strong bullish pressure will help it to break the current resistance at $4,013 and move towards the next resistance at $4,058. Otherwise, if bears come into play, the digital asset will plunge below the support at $3,920. The next support for it lies at $3,808. If we look at indicators, ADX shows the strength of bears and parabolic SAR demonstrates the downward movement for Bitcoin.

 BitcoinDaily.png

Important updates:

  • Tether is not backed by US dollars anymore. The information on its official site says that stablecoin is backed by fiat currencies, cash equivalents, and other assets.

New announces:

  • Thai stock exchange plans to launch the platform for trading digital assets next year.
  • London stock exchange listed blockchain ETF by Invesco investment company.
  • Swiss stock exchange SIX Swiss plans to open trading of the ETP product connected to Ripple.
  • NASDAQ plans to launch the first full-stack cryptocurrency ecosystem in the first half of 2019.
  • A bill has been proposed in the state of Texas that would require a person receiving cryptocurrencies as payment to first “verify the identity of the person sending payment.”

Research:

  • 70% of the crypto owners almost never used cryptocurrencies for payments in 2018.
  • If Facebook launches its stablecoin, the social network will earn from $3 to $19 billion.

Current prices (last update 14:42 MT time)

Bitcoin $4,021

DASH $93.32

Ethereum $138.02

Litecoin: $59.04

Similar

Strong USD on Tuesday
Strong USD on Tuesday

The main market tendency today is that the US dollar is rising against its major peers and riskier assets such as stocks and oil are plummeting.

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