In this overview, we will discuss the main issues of trading cryptocurrencies. A cryptocurrency is a digital (virtual) financial asset.
On Tuesday, August 11th, Bitcoin price is slightly correcting but strategically looking “as fresh as paint” and ready to conquer new highs. At the moment, the major cryptoasset is mostly trading at $11,763.
On Friday, July 31st, the XRP price keeps growing, trading near 0.2447 USD.
The first half of this abnormal year 2020 was hard for the crypto market as well. As we see, cryptocurrency prospects to become a safe-haven asset have failed but what if they have other advantages?
The beginning of the last week of July looks totally unexpected: the euro has renewed its two-year peaks, gold has hit its all-time high, while cryptocurrencies have at last demonstrated a clear trend. What is next?
A new week of July is going to be quiet: statistics are scarce, the EU leaders keep discussing what money to use for restoring the economy, oil remains under pressure, new cases of the coronavirus keep multiplying. Nonetheless, the currency market is cheerful, eager to risk.
There are several quite different ways of making money on cryptocurrencies, however, many are still sure that the best way is to trade digital assets.
Another week of July is already here, and the expectations are neutral. It offers statistics – but not fatal, actions of Central banks – but predictable, and news – but pretty stable. It is high time to breathe out and relax a bit unless the news flow brings up something unexpected.
The new week when June ends and July begins, will be full of statistics, influencing the currency market. The coronavirus is showing itself again – hence, there will be no room for boredom.
By the end of June, the financial market has received almost all the information it expected. What is left are just statistics and the end of the quarantine — for the world to start functioning at a full scale. This week, there is the macroeconomic data planned for publication alongside general economic events — all in all, plenty of things to pay attention to.