Cryptocurrencies

Cryptocurrency News – Behind Bitcoin’s turbulent ride

Posted on January 29, 2018 at 4:00 pm GMT

It is safe to say that Bitcoin prices have had a rough month. After peaking near $19,600 on December 18, the cryptocurrency collapsed to find a bottom at $9,222, before rebounding somewhat in recent days, currently trading near the $11,100 mark. What caused the plunge, and what could drive prices moving forward? The slump in prices can be traced back to a few recent incidents that impacted the sentiment towards the entire cryptocurrency market. The initial catalyst, back in December, [..]

Cryptocurrency News – Technical Analysis – ETHUSD bullish bias continues after a red day

Posted on December 20, 2017 at 12:35 pm GMT

ETHUSD recorded a negative day following the reversal from the all-time high 859.19 level. The price plunged more than 12% in just one trading day and during the Asian session, the pair hit the 706.00 support barrier. Also, the price dropped below the 261.8% Fibonacci extension level of the last downward move with high at 514.07 and low at 383.70. However, the cryptocurrency started today with positive momentum and the expectation is a run above the previous all-time high, towards the 423.6% Fibonacci level, which stands near [..]

Cryptocurrency News – Bitcoin corrects lower after flirting with $20,000

Posted on December 20, 2017 at 10:17 am GMT

Bitcoin (BTC) prices opened with a positive gap this week, breaking yet another fresh all time-high to touch the $19,666 level, before pulling back in the following hours. The surge came as the world’s biggest futures exchange, the Chicago Mercantile Exchange (CME), launched its own bitcoin futures contracts on Sunday. The CME is the second exchange to offer bitcoin futures, after the Cboe exchange debuted the very first BTC futures contract last week. It is worth noting that both the [..]

Technical Analysis – BTCUSD set for more gains as bulls take the lead

Posted on December 18, 2017 at 1:33 pm GMT

BTCUSD climbed to another all-time high during the Asian trade on Monday and hit the 19,383.50 level. The strong up-move happened after a break out of a narrow range of 15,038 – 17,496, shifting the bias to bullish. It is worth mentioning that bitcoin opened with a gap to the upside during today’s trading session but later pared some of the gains, creating a correction to the downside. Short-term trend signals on the 1-hour chart (50 and 100-period simple moving averages) are bullishly aligned as the 50-SMA posted a bullish crossover with the [..]

Cryptocurrency News – Are Ethereum futures on their way?

Posted on December 15, 2017 at 10:15 am GMT

Ethereum (ETH) prices briefly topped the $753 territory on Thursday before retreating somewhat, marking yet another all-time high for the world’s second largest cryptocurrency by market capitalization. At the time of writing, ETH is trading near the $680 handle, which marks a 58% surge since Monday. What has been driving this astonishing rally, and is it likely to continue still? The latest spike in prices can be attributed to a variety of factors, but probably none more important than the [..]

Bitcoin surges after futures launch; continues to defy gravity

Posted on December 13, 2017 at 3:05 pm GMT

Bitcoin prices briefly touched the $17,428 level on Tuesday, marking yet another fresh all-time high for the cryptocurrency, following the launch of the first bitcoin futures contract on the Chicago Board Options Exchange (CBOE) this week. The launch was widely seen as a major step towards making Bitcoin – and cryptocurrencies in general – more legitimate as an asset class. Moreover, the move comes just one week ahead of the CME Group launching its own Bitcoin futures, while rumors suggest [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.