Nov 2, 2020 Forex News
Bitcoin price closed the monthly candle at $13860. This is the highest price this year. However, investors are wondering if the bulls can keep the Bitcoin price above $13000 in November?
In addition to the bears' attempts to lower the price, Bitcoin is facing new fundamental factors that have a negative impact on the price of Bitcoin. The largest exchange, Binance, is at the center of a scandal that could affect the price of Bitcoin, as was the case with Bitmex. Japanese company Zaif accuses Binance of money laundering. The exchange allegedly stole $60 million when Zaif was hacked in 2018.
Also, the exchange is accused of the fact that its corporate culture is aimed at deceiving regulators and making a profit from American investors.
Regardless of how events unfold, a headline in major publications will be enough to negatively impact the price of Bitcoin. The situation can develop according to two scenarios. The first option is if only the exchange suffers, and the price of Bitcoin drops slightly. The second option is if the exchange suffers and this significantly affects the market. As we know, Binance is the world's largest cryptocurrency exchange. And it plays an important role in the market not only for bitcoin, but for the entire cryptocurrency market.
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