Recently updated on October 25th, 2022 at 11:02 am
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Daily Forex Market Analysis
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A team of over 100 traders curates news and data that can have an impact on different crypto and traditional currencies. They examine factors such as inflation rates, GDP growth, interest rates, global debt levels, political stability within nations, as well as other indicators associated with a country’s currency.
Of course, not all of these are equally important for each nation; economists usually rely on a smaller subset. There are also analysts who monitor central banks’ currency intervention activities when certain currencies get too weak or strong against others visiting here.
Weekly Forex Market Analysis
Recent volatility in crypto markets has been attributed to numerous factors. Political turmoil in both India and Venezuela has led to a sharp fall in demand for Bitcoin, which has reportedly fallen by more than $1,000 USD since April 4th. However, there are signs that support for XRP may be strengthening. A promising development for investors looking to short Bitcoin and position their portfolios against further declines.
In addition, recent positive news surrounding Goldman Sachs’ cryptocurrency trading desk is likely to have an impact on crypto prices. Keep up-to-date with these movements and others by checking out our weekly report!
Monthly Forex Market Analysis
In July 2018, cryptocurrency-to-cryptocurrency trading saw an increase in volume as investors began to look for alternative investment opportunities following a slight price slump during June. Bitcoin Cash (BCH) is set to undergo what is known as a hard fork on August 1st.
Following a successful hard fork of Ethereum back in 2016, BCH has a lot to prove when it comes to blockchain solutions, and it seems that despite short-term volatility in prices, demand has been relatively stable over recent months. Q2 showed promise for cryptocurrency markets with bitcoin futures trading on both CME and CBOE, said Bradley Dierks of Blockchain Capital LLC who hopes future institutional activity will prove promising for cryptocurrencies.
Blockchain News Update
The price of BTC has fallen by 50% since reaching an all-time high back in December 2017. In our previous post, we mentioned that these fluctuations are likely to continue as regulatory bodies around the world clamp down on crypto-trading. The announcement of a US Government investigation into possible price manipulation by major crypto exchanges should therefore come as no surprise.
What is notable, however, is that despite a fall in price, blockchain and crypto technologies are continuing to forge ahead with what some now regard as unstoppable momentum. Governments may try and ban or control it, but for those who can see beyond today’s price volatility, there is a huge potential for business growth. The Blockchain community continues to grow at an exponential rate as more applications for commercial use are uncovered everyday visit here.
As Blockchain technology continues to gain recognition, traders are starting to take notice. Many even go as far as calling it the Internet of money. As with any new emerging trend, not many understand how it will be integrated into their lives just yet and are apprehensive about it. This is why a lot of people missed out on early investments in Bitcoin and Ethereum (the most popular cryptocurrency). Now that Blockchain has gained more traction and its usability become apparent, there is no better time to jump in than now.