Weekly Bitcoin Price Analysis: Fall Of The World Markets And The Growth Of Bitcoin
At the beginning of the week Bitcoin started with a price of $430 and remained around this level until the 7th January. On this day, the PBOC sharply devaluated the Yuan to 6.5446 to the US Dollar. This is the lowest price since 2011. Moreover, the People's Bank announced a reduction in foreign currency reserves of 108 billion US Dollars in December 2015 and 513 billion Dollars during the whole 2015. Also, in the third quarter of 2015 China's GDP declined by 0.1% relative to the first and second quarters of 2015. This factor indicates the weakness of the Chinese economy. The market's....
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Last Monday, Bitcoin started the new week at the level of $387 and stayed near it until Wednesday January 20 2016. On that day, Asian markets have once again resulted in another fall in world markets. Nikkei dropped by 3.7%, Hang Seng fell by 3.7%, Shanghai Composite fell by 0.9%. Also MSCI has fallen to its lowest level since 2011. The market in South Korea fell by 2.3%. Moreover, we soon saw a continuation of the downturn in the US and European markets. NASDAQ index fell by 0.12%, and Dow Jones by 1.56%. Securities of the leading European countries fell by an average of 3-5%. But in just....
Ethereum price is continuing to fall. It is currently traded at the long-term correction peak. Is there a way for the price to go up? USDTETH. Fall in demand. The fact that Ethereum price could settle at $300 just confirms the upward trend is weak. This mark is important for growth since it was the point of the biggest offer. It wasn’t able to uphold, so obviously the supply surpassed the demand. But at the moment, the fall in demand seems to be temporary. Sharp upward impulses after sharp fall only prove that. According to Vitalik Buterin, the Ethereum network development influences the....
Do altcoin cryptocurrencies await the performance of Bitcoin? Will Bitcoin fall from the $450 ceiling or push on to levels of $500 and more? Litecoin once again stood at $3.80, and is expected to roughly track Bitcoin’s rise and fall. Previously LTC:BTC had fallen to 0.079, having jumped sharply from 0.084. Now LTC:BTC is at 0.082 and continues to trend down. DASH loses 7% a day against the growth of the Bitcoin price, and goes under the level of 0.06. Bitcoin price growth continuation will lead DASH to fall to a level of 0.05 exchange rate and below, while long-awaited Bitcoin correction....
On Thursday, Bitcoin price was moving up but could not overcome $420. Today during the Asian trading session Bitcoin dropped to $400, which can be regarded as a technical rebound after the recent price rally. The fall in Asian markets on Wednesday, January 20 2016 was transferred onto world stock markets. Stocks of France, Germany, Belgium, Italy and Spain fell by 3-5%. The US Dow Jones fell by 1.56%, NASDAQ 0.12%. As can be seen from the beginning of this year there are active sales of the world's raw materials stocks. However, investors are in no hurry to buy these stocks, hoping that....
Serum (SRM) has struggled against tether (USDT) in recent weeks, rising above $0.8 as the price of Serum (SRM) remains range-bound. For weeks, the price of Bitcoin (BTC) fluctuated between $19,500 and $20,000, with the price stalling on the next movement. Most altcoins, including Serum, have been affected by this choppy movement (SRM). (Source: Binance) Related Reading: Polkadot Watch: Will DOT Succumb To Sharp Sell-off In Next Few Days? Serum (SRM) Price Analysis On The Weekly Chart The price of SRM has had difficulty replicating its recent bullish move, which saw the price rally to $3.5....