Latest Articles

    Featured Articles

    Filter By Topic
    Baxia Markets
    By
    October 05, 2021

    Bitcoin climbs past $50,000 again, future gains still to come

    fundamental analysis top header -01

     

    For days, cryptocurrencies have been strong: Ethereum, the second-largest token, was trading about $3,440 on Tuesday, up 20% in the previous week. Binance Coin, XRP, Solana, and Dogecoin are among the other significant tokens on the rise, with the latter rising by 9% in the last 24 hours to $0.2501. During a major selloff in cryptocurrency and blockchain-related stocks in early September, bitcoin went below $50,000. It dropped even further in September, reaching a low of $40,596 on September 21.

     

    BTC1005

     

    U.S. Bancorp announced the introduction of a cryptocurrency custody service for institutional investment managers with private funds in the US and the Cayman Islands on Tuesday. As other mainstream financial institutions deepen their involvement with the asset class, Bank of America Corp issued its first research report focusing on cryptocurrencies and other digital assets on Monday. "One by one, the banks are capitulating," said Martha Reyes, head of research at BEQUANT, a digital asset primary brokerage and exchange. One of the major dangers with crypto is whether regulators will allow the movement to continue. For the time being, the markets believe it will be manageable.

     

    We love to hear new ideas from traders and want to know what you think! 

     

    If you like this topic and want to suggest future topics that you find helpful, let us know by clicking the ‘submit your feedback’ button below.

     

    Submit Your Feedback  

     

    Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. 

     

    Nothing contained in this website should be construed as investment advice. Any reference to an investment's past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit. 

    Subscribe by Email