Jul 16, 2021 Forex News
After the price of Ethereum began to fall, crypto whales began to show increased interest in this cryptocurrency. As the price of Ethereum depreciates from the mark of $2400, the volume of Ethereum sales increases. And it looks like the Ethereum bearish correction will continue. The ETH/USD pair is currently trading at around $1860. However, the bulls will be able to stop the bears in the area of $1700. This level of support has saved Ethereum from sell-offs more than one time.
Against the backdrop of increasing Ethereum sales, we are seeing an increase in Ethereum purchases by whales. According to the Santiment website, crypto whales control the largest volume of Ethereum since May 2017. It should be noted that the ten largest wallets account for 20,6% of the total supply of Ethereum. In these wallets, the most active accumulation of Ethereum is recorded starting from the end of June.
Santiment also reports that Ethereum miners have returned to the tactics of accumulating cryptocurrency again. In early June, mining pool balances dropped to 94200 ETH. Now, this figure has reached 112000 coins again.
Thus, the actions of whales and miners accelerate Ethereum's reaching bottom. And this creates the conditions for the subsequent rebound of the altcoin.
Funds also go to the decentralized finance market. According to IntoTheBlock, DeFi apps currently host 9,07 million Ethereum, which is about 7,78% of the total altcoin supply.
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