Global markets and trends are changing each day. Some major influencers cause price movements each second. How have you performed Forex, Stocks, Crypto, and Commodity markets this week? Our weekly overview will answer this question and summarize this week’s overall market performance. Forex market weekly overview Let’s start with the foreign exchange market. The U.S. …
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Ether (ETH), the native token of Ethereum, is expected to set its record high shortly since it has broken above $4,000, a critical resistance level. On Oct. 20, the price of ETH increased by more than 5%. It surpassed $4,100 on the Coinbase platform for the first time since May 2021. The cryptocurrency’s rise beyond …
ProShares’ Bitcoin Strategy ETF saw around $1 billion in activity on its maiden day, with 24.313 million BITO shares changing hands. ProShares’ Bitcoin Strategy exchange-traded fund (BITO) had the enormous first-day “natural” volume for an ETF. It reached slightly more than $1 billion by the conclusion of the first day. It ranks second overall, trailing …
A bitcoin bull is on the lookout for a pullback. Mark Yusko, a hedge fund manager, believes that investors would profit from the cryptocurrency’s recent quick rise. “A lot of people believe we’ll hit $100,000 by the end of the year. We should, according to the stock to flow model,” Morgan Creek Capital Management CEO and …
Mark Yusko, a Bitcoin Bull, Expects Danger at $60,000 Read More »
Global markets and trends are changing every day. Let’s discuss what major updates have Forex, Stocks, Crypto, and Commodity markets experienced this week. Forex Due to the rebound in global risk appetite, the U.S. dollar fell against major currencies for the first time since last Friday, while the Japanese yen fell to a three-year low, …
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On Friday, bitcoin momentarily surpassed $60,000 for the first time since April, as investors cheered the potential of the SEC approving the first US bitcoin futures ETF in the coming days. According to CoinGecko data, the digital asset reached a 24-hour high of $60,018, closing in on its all-time high of $64,895. It brings bitcoin’s …
Last month, the People’s Bank of China (PBoC) issued a document criminalizing all cryptocurrency activity virtually. When the memo began to circulate online, the price of Bitcoin (BTC) fell by more than 6.5 per cent. However, industry analysts quickly argued that the announcement could have been the perfect dip-buying opportunity. China’s crypto crackdown began years …
Bitcoin hit a new five-month high early Monday, extending a two-week price gain despite a dismal U.S. jobs report on Friday failing to dampen hopes for Federal Reserve (Fed) tapering in November. The market also ignored data indicating allegedly bearish posture by leveraged funds in the futures market. According to CoinDesk 20 data, the cryptocurrency …
Following a market-wide rally, Bitcoin returned above $50,000 this week for the first time since early September. On Wednesday, the cryptocurrency surpassed $55,000. The most recent price rises are coming after bitcoin temporarily dipped below $30,000 at the end of July. Bitcoin is now only $10,000 away from reaching an all-time high in mid-April. Other …
The Brazilian Congress will debate a bill governing cryptocurrency companies and boosting penalties for crypto pyramid schemes and other unlawful activity. The bill tabled on September 29 was already authorized by a special commission of the Brazilian House of Representatives. If approved by the plenary, the legislation, introduced by deputy Aureo Ribeiro, would require “virtual …
As it continues to rise, the pioneer cryptocurrency appears unstoppable. Even though Bitcoin confronts significant opposition ahead, an explosion to $52,000 seems to be likely. Bitcoin has pushed through $50,000 for the first time in almost a month, and it shows no signs of slowing down. The top cryptocurrency is bucking the present negative trend …
Bitcoin Appears Unstoppable: The Crypto Breaks $50,000 Read More »
Over the weekend, the price of bitcoin increased and remained around $48,000. (roughly Rs. 35 lakhs). On Monday, October 4, Bitcoin began the day with a 1.96 percent drop. Despite the modest drop, the world’s most valuable cryptocurrency is currently trading at Rs. 36,53,453 (about 49,285), indicating an increase in its exchange value since October …
Statistics in economics change every day. Our weekly overviews will help you determine the approximate market updates for your future investments and actions. So, let’s discuss how forex, stock, crypto, and commodity markets performed this week. Forex weekly overview Let’s begin with the forex market. The U.S. dollar began to approach its highest level this …
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The United States House of Representatives is preparing to vote on a $1 trillion bipartisan infrastructure plan. If passed, the plan will force digital asset brokers to declare their transactions to the Internal Revenue Service. The law aims to earn 28 billion from the crypto industry. With the funds, they intend to pay for roads, …
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The cryptocurrency sector is in disarray due to China’s total ban on cryptocurrencies. It was announced last week. On Wednesday, September 29, bitcoin opened at Rs. 33,52,013 (about $45,185). The world’s most valuable cryptocurrency had a 0.78 percent loss in exchange value for the second day in a row. Bitcoin had fallen by 2.96 percent …
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