Weekly Cryptonews

Weekly Cryptonews

Patrick McHenry, North Carolina Congressional Representative:

“I think there’s no capacity to kill Bitcoin. Even the Chinese, with their firewall and their extreme intervention in their society, could not kill Bitcoin.”

Bitcoin could not resist the $10,924 level and fell below the 50-day SMA on Tuesday. After that, the digital currency managed to recover and rise above the “neckline” of the double top pattern at $10,020 on Thursday, which is also the 38.2 Fibo level. At the moment of writing, the oldest crypto has been targeting the $10,020 level. The next support levels will lie at $9,488 and $8,927 (50% Fibo). In case of recovery, $10,924, $12,030, and $12,770 levels will be in focus.


·        A bill which restricts technological companies to issue their own cryptocurrencies was introduced in the US Congress. Does it mean problems for Facebook?

·        US finance Minister Steven Mnuchin expressed cautiousness concerning Facebook’s cryptocurrency Libra, Bitcoin, and other digital assets.  

·        France’s authorities are ready to approve the first group of crypto companies according to the recently submitted law.

·        The hearing on Facebook’s Libra at the US Senate happened this week. Policymakers did not understand how money can be issued without banks.

·        China acknowledged Bitcoin as a digital property.

New developments:

·        Siemens plans to use blockchain in car-sharing service.

Current prices (last update  17:03 MT time):

Bitcoin $10,419

DASH: $112.62

Ethereum: $218.46

Litecoin: $97.21


Weekly Cryptonews
Weekly Cryptonews

Finally, it happened! Both the Fed Chair and US president commented about cryptocurrencies yesterday. However, in a different way (such a surprise).

Weekly Cryptonews
Weekly Cryptonews

The overheated market has started to calm down since the beginning of the week. What are the levels?

Latest news

Market Crash Incoming?
Market Crash Incoming?

This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.

What Currency Will Overperform?
What Currency Will Overperform?

S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.

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