Jun 25, 2019 Forex News
The largest cryptocurrency continues to trade at a 15-month high, approaching the $12,000 mark.
On Tuesday, June 25, the Bitcoin rate rose to $11,400, the market capitalization exceeds $201.17 billion.
Many analysts still believe that a surge of interest in BTC was due to the appearance of information about the forthcoming Libra in the media. The Token Libra is supposed to become a global payment instrument and will be used to bypass the traditional banking system.
These reports provoked sharp investor interest in the blockchain industry and caused a rise in the value of digital assets.
However, in the crypto-community, many analysts and traders doubt that Bitcoin will be able to rise in price to $12,000. They are more restrained and even allow small rollbacks before it can take new heights.
The analyst under the nickname Bagsy tweeted a post in which he announced a decrease in Bitcoin after reaching the mark of $11,500.
In his opinion, the result of a negative correction will be a descending of the asset rate to $8500, but after that a bounce to $13,800 is possible. At this level, Bitcoin will be traded around the end of October.
Bitcoin optimists don’t believe in the possibility of such a significant drop, but they admit that even if the coin drops below $10,000, aggressive purchases will soon resume in the market and the BTC will be boosted above $12,000.
Despite the short-term effect of rumors that Amazon was going to accept Bitcoin this year and the subsequent pullback, the BTC/USD pair was able to find support in the area of $36500 and start a new rally. As a result, today the BTC/USD pair was able to rise
Mar 2, 2023 Forex Forecast
Dear clients, Please note that due to Independence Day celebrated in the USA on 4 July 2022 you may experience the following changes: Monday, July 4rdMetal CFDs: trading closes at 21:30. Indices CFDs: Europe 50 (#ESX50): trading closes at 23:00; France 40 (#FCHI): trading closes at 23:00;
Jul 1, 2022 Company News
On March 13th, 2022 TenkoFX will switch its trading servers 1 hour ahead, from GMT +2 to GMT +3. The change will affect all types of TenkoFX trading accounts. In ECN, STP accounts summer time will take effect starting with the market opening on Monday, March 14th, 2022. In Crypto
Mar 10, 2022 Company News
Dear Clients, Please note that due to President’s Day in the US on February 21, 2021, trading hours for some financial instruments will be changed as follows: Spot commodities CFD:Gold (XAUUSD) - trading ends at 21:30;Silver (XAGUSD) - trading ends at 21:30;US Crude (XTIUSD)
Feb 14, 2022 Company News