Forex Morning Briefing: Bitcoin Opens 2018 Soft

Forex Morning Briefing: Bitcoin Opens 2018 Soft

Forex Morning Briefing: Bitcoin Opens 2018 Soft


For the 1st time since Y 2015, Bitcoin, the world’s biggest the cryptocurrency, began a New Year by declining, extending its slide from a record $19,511 reached on 18 December 2017.

Currently Bitcoin is trading at: 13,274.9453, -325.029, or -2.39%, as of 6:41a GMT, the market is open.

On Monday, he virtual coin traded at $13,624.56 as of 5:00a in New York Monday, down 4.8% from Friday.

That is a fall from the $14,156 it hit Sunday.

The cryptocurrency is soft in early Asian trading Tuesday.

Bitcoin got off to a stronger start last year, and then kept that momentum going, helping to create a global frenzy for cryptocurrencies.

It rose 3.6% on the 1st day of Y 2017 to $998 and finished the year up more than 1,300%.

 That rally drew a growing number of competitors and last month brought Bitcoin to Wall Street in the form of futures contracts at Chicago’s Merc and the CBOE

It reached its all-time high on 18 December after CME Group Inc.(NASDAQ:CME) debuted its derivatives agreements, which some traders said would encourage Short position-taking.

Stay tuned…

The following two tabs change content below.

Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

You must be logged in to post comments :