Nowadays digital currency is a kind of "an exotic currency" or whatever you named it, Cryptocurrencies suffered a mini crash earlier this week, the pressure sent safe haven currency BTC/USD to a low point of $3,433 but the Bitcoin bounced back to range quite quickly.
So how about other digital currency, Similar moves were seen in Ethereum and in Ripple. It seems that stop-loss orders were flushed and weak hands were gotten rid of. Some new signal to raise the Bitcoin market view
Another contradiction of the Bitcoin market movement, The rest of the week was stable, which is surprising amid the negativity. JP Morgan analysts said that cryptos' value is "unproven" and that BTC/USD could go as low as $1,260. That's quite a shocking news
JP Morgan favor other assets even in case of a deep financial crisis. Gold and the US Dollar are more liquid and easier to access and to transact. I think its more likely make sense to get the money back
Another contradiction about Bitcoin as a safe haven currency, The global bank has made investments into the blockchain technology but its boss Jamie Dimon has been outspoken against Bitcoin.
Another downbeat development comes from the high profile Bitcoin Exchange Trade Fund (ETF) request by the CBOE in collaboration with VanEck and SolidX. They withdrew the requested rule change that has been delayed over and over again.
Yeah... nowadays forex and digital currency market movement is more volatile, markets are shrugging it off and this is a sign of resilience
What will be the next driver of Bitcoin? More adoption is the answer. The new year may bring innovation in this digital world
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