May 4, 2021 Forex News
Against the backdrop of the rapidly growing price of Ethereum, Bitcoin was unable to rise above $58000 and is showing a correction for the second day in a row.
However, according to researchers from Glassnode, conditions for the resumption of the BTC rally have reappeared in the market. The team's report states that the total capitalization of the largest stablecoins has grown by almost 190% since the beginning of 2021.
The market supply of Tether (USDT), USD Coin (USDC), Binance USD (BUSD), and Dai (DAI) coins increased from $27 billion to $78 billion.
In the ranking of digital assets backed by fiat money, Tether still holds the leading position. In seven days, the capitalization of this stablecoin grew by 3% to $51,78 billion.
The second place is taken by the stablecoin USDC, its supply increased by $1 billion to $14,5 billion. The supply of this digital currency BUSD reached $7,8 billion.
As practice shows, an increase in the capitalization of assets backed by fiat precedes an increase in the price of Bitcoin. Stablecoin developers are preparing for traders to start buying Bitcoins using stablecoins.
Investors use Tether and other stablecoins not only to buy BTC, but also to acquire other cryptocurrencies, the researchers emphasized.
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