FXTM information and reviews
FXTM
95%
OctaFX information and reviews
OctaFX
94%
XM information and reviews
XM
93%
FXCC information and reviews
FXCC
92%
Libertex information and reviews
Libertex
91%
HFM information and reviews
HFM
89%

Bitcoin ETF is losing


26 October 2022

Finally, the day has come when we have something to say about the BTC. Over the last 24 hours, the leading crypto has grown quite a bit. On Wednesday, it is mainly fluctuating near 20,326 USD. The BTC even rose to 20,415 USD. This was due to an increase in the US stock indices: the impulse of growth persists on the platform, investors are working it out fully, though it becomes every time harder to buy.

On the one hand, stock market optimism can be explained by market players expecting the Fed to cool down its tightening policy. The Fed has never given such signals apart from certain remarks of the members. It should be reminded that the market has already got trapped by such wild guesses and seems to learn nothing.

On the other hand, nothing nothing has stopped the BTC from growing to 20,000 USD. Yet it failed to secure above 20,500 USD. This means growth to the important resistance level of 21,500 USD is in question. The crypto market capitalisation is estimated as 979 billion USD. The BTC takes up 39.8%, ETH — 17.7%.

Ripple opened applications for third wave of Creator NFT

Ripple continues working with the Creator NFT and opens the third wave of applications for Creator Fund grants sized 250 million USD. This segment of the programme will be focused on creators and both physical tokens and NFTs.

The Bitcoin ETF, ProShares (BITO) is suffering serious losses this year. A bit more than a year before placement, the ETF lost 70% of its high of November 2021, following the BTC.

#source

Share: Tweet this or Share on Facebook


Related

China unrest as Covid lockdowns ramp up
China unrest as Covid lockdowns ramp up

Oil prices have dropped to an 11-month low at the start of the week as protests escalate in China in response to the strict zero-COVID restrictions...

28 Nov 2022

Global risk appetite
Global risk appetite

The USDIndex held fractionally lower below 106.00 following a short week and a hit in risk sentiment and stoked uncertainty. USDJPY drifted by 0.80% to 138 in a blow to risk appetite...

28 Nov 2022

The market mood improves after less hawkish Fed minutes
The market mood improves after less hawkish Fed minutes

Oil fell sharply on Wednesday, recording its largest daily drop in two months as the G7 consider capping oil prices at $65-$75 per barrel. Discussions on the price cap...

25 Nov 2022

How Do The Black Friday and Cyber Monday Impact Financial Markets?
How Do The Black Friday and Cyber Monday Impact Financial Markets?

Black Friday and Cyber Monday are two of the most highly anticipated days of the year for consumers, with businesses slashing prices and promoting attractive deals on what is essentially...

24 Nov 2022

Why Is Bitcoin Tanking: Crypto Winter And Future Of The First Cryptocurrency
Why Is Bitcoin Tanking: Crypto Winter And Future Of The First Cryptocurrency

The year 2022 was rich in major shocks and bankruptcies of cryptocurrency projects - after each such event, all assets fall in price simultaneously. The current crisis was no exception...

23 Nov 2022

The supply of soybeans is rising while demand is fragile
The supply of soybeans is rising while demand is fragile

After two straight sessions of falling prices, soybeans prompt-month futures contract traded on the Chicago Board of Trade (CBoT) went up 0.8% on Friday and settled at 14.28 USD per bushel...

22 Nov 2022


Editors' Picks

FXCM information and reviews
FXCM
87%
ActivTrades information and reviews
ActivTrades
86%
RoboForex information and reviews
RoboForex
85%
MultiBank Group information and reviews
MultiBank Group
84%
FxPro information and reviews
FxPro
83%
Vantage information and reviews
Vantage
83%

© 2006-2022 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.