Ethereum Among rival cryptocurrencies, Ethereum seems to exhibit a steady performance. On Wednesday, it traded above $1,300 which is an all-time high. The digital currency continues to rise in price and now takes the second honorary place in terms of market capitalization coming second after Bitcoin. For the past week we saw Ether increase 60%.
Bitcoin Today we’ll share with you a couple of facts about the first and largest cryptocurrency. Bitcoin is a digital currency that exists outside of the banking sector. It is the first currency to be created by people and not by a government. Another defining characteristic is its extremely volatile nature. In terms of appreciation,
EURUSD, Daily timeframe Bias: Pair in Uptrend On Monday, the euro continued to drop another 58 pips against its dollar counterpart. Clearly the most traded pair in the world respected the immediate resistance at 1.2065. As you know, the pair is in an Uptrend so our strategy is to look for levels of confluence to
Bitcoin The largest cryptocurrency has been dropping for the past couple of weeks. The total decrease of about 17% is associated with news coming from regulators in China and South Korea who are increasingly tightening oversight on digital currency trading as a whole. Additionally, the Securities and Exchange Commission in the U.S. (in the late
EURUSD, Daily timeframe Bias: Pair in Uptrend The pair has found a short-term resistance at 1.2065 and currently continues to pull back from it. We’re in an established uptrend so the direction we’d be looking to capitalize on is North. This is to take place only from suitable places once price reacts from them. We’re
Bitcoin Major cryptocurrency exchanges report exponential growth in user interest for trading cryptocurrencies in the past 36 hours. Market leaders Coinbase, Binance, Bittrex are currenty trying to keep up with the unexpected user demand for trading digital currencies. Global markets have been adding more than 100, 000 users per day. Changpeng Zhao, founder and CEO
EURUSD, Daily timeframe Bias: Pair in Uptrend On Thursday, we saw price advance more than 50 pips toward the immediate resistance level at 1.2065. It could be very soon that price overpowers this level. The predominant trend is bullish, so we’d be looking for potential longs. These are the scenarios currently observed: Scenario 1: It’s
European Union EUR, 10:00 a.m. GMT, CPI (YoY) (Dec) P – preliminary CPI for the month of December is expected to be slightly lower at 1.4% versus 1.5% from last’s year’s reading. The Consumer Price Index measures the change in the price of goods and services from a consumer point of view. If today’s reading