Dear traders,
This week we are observing quite a boom in market. How about using this chance to earn?
Bitcoin is bellow $8500!
On Friday Bitcoin has dropped by 15%. According to charts it already reached the level of 8 500 dollars. What’s the matter? Is it temporary rollback caused by a lot of news about cryptocurrencies regulation or full-scale panic of investors?
Meanwhile, just a week ago the president of one of the largest stock exchanges NASDAQ Adena Friedman announced that the exchange is now monitoring the market to determine when and how to launch bitcoin futures trading. Bitcoin exchange trading is thought to be launched in early spring. For this reason we may expect cryptocurrency exchange rate growth to the area of $13 000, as NASDAQ attracts many hedge funds that actively invest in innovative technologies and IT projects.
Anxiety on USA stock markets
The key indicator of US economy Dow Jones Industrial Index (#DJI30) set new historical high on January 26th, and this week it already lost more than $600 of its price (2%). That’s a year record!
Investors might have decided to take profit and caused correction wave, that may reach area of 25400.
Meanwhile, former Fed Chair Alan Greenspan sees two bubbles on the American financial markets. He made such statement in the Bloomberg Television interview. “There are two bubbles: We have a stock market bubble, and we have a bond market bubble,” Alan Greenspan said, “I think at the end of the day, the bond market bubble will eventually be the critical issue.”
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