May 13, 2021 Forex News
Judging by the way the price of Bitcoin reacts to the statements of Elon Mask, it is he who is the main driving force of Bitcoin and not the institutional demand and statements of government representatives.
In just a few hours, it fell by almost $6000. Why this happened, and what has Elon Musk to do with it, let's go back to March 24th. On this day, Elon Musk posted a tweet stating that customers will be able to buy Tesla cars for Bitcoin. The next day, the price of Bitcoin rose by about $4000.
Elon Musk posted a new tweet yesterday. It states that Tesla has suspended the sale of electric vehicles for Bitcoin. This decision of the company was due to the impact of Bitcoin and other cryptocurrencies on the environment.
Since Bitcoin mining uses electricity produced primarily by coal-fired power plants, the company is concerned about the growing emissions of coal-fired power plants into the environment.
Elon Musk predicts a great future for cryptocurrencies but opposes that their development occurs at the expense of the destruction of the environment.
The decision to stop selling cars for Bitcoin will remain in effect until the cryptocurrency is mined using sustainable energy sources.
Before the tweet was published, Bitcoin was trading in the area of $56000, after the publication of the tweet, the price of Bitcoin fell to the area of $49000. At the time of publication, the BTC/USD pair is trading around $49800. In just one hour, orders worth more than $575 million were liquidated on the exchanges.
A massive sale triggered a breakdown in some trading floors. Social media users, for example, have reported delays and rejected transactions on the Coinbase Pro platform.
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