Aug 7, 2020 Forex News
Researchers from the CryptoQuant team drew attention to the next activation of large investors or the so-called "Bitcoin whales".
At the end of last week, when the price of BTC fell from $12000 to $11000, the "whales" seized the moment and increased their reserves in cryptocurrency. After that, from crypto-exchanges, they withdrew about 100,000 bitcoins worth up to $1,2 billion.
Last Saturday, August 1, there were approximately 2.49 million BTC on the exchanges. At the beginning of this week, the balance on trading platforms decreased to 2.39 million coins ($28 billion). This is the lowest volume in the CryptoQuant team recording.
Analyst Cole Garner tweeted that the increase in bitcoin outflow from exchanges is a very good signal. The Whales are optimistic, so they switch to the long-term holding of cryptocurrency. This strategy sets the stage for further market growth.
An increase in the outflow of cryptocurrency from exchanges was previously reported by analysts of the Glassnode platform. At the end of July, they published data from which it follows that in the second quarter of 2020, the total outflow of Bitcoins from trading platforms more than doubled.
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