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Re: NordFX.com - ECN/STP, MT5, CQG, Multiterminal broker

March 2021 Results: Three Most Successful NordFX Traders Earned Over $100,000


https://i.imgur.com/M2h3JHc.jpg

NordFX Brokerage company has summed up the performance of its clients' trade transactions in March. If earlier traders from China, India, Sri Lanka and Vietnam waged an active struggle for leadership, all three steps of the podium were occupied by representatives of China last month.

The highest monthly profit, $66.377, was received by a client, account No. 1179XXX, mainly on transactions with gold (XAU/USD) and bitcoin (BTC/USD).

The second place in the rating of the most successful traders was taken by the owner of account No.1545XXX, who earned $26,142 on transactions with the main cryptocurrency.

And, finally, in third place is a trader, account No.1530XXX, with a profit of $16.977, among whose main trading instruments are the pairs XAU/USD and GBP/USD.

The passive investment services:
- in CopyTrading, the largest increase of 507% in March was shown by the VN.NO1 signal, however, its maximum drawdown was quite impressive, 63.65%. In the “middle” category, we can note the RED DOG signal: a profit of 34.86% with a drawdown of 23.25%. And, finally, among the most non-aggressive signals, Follow Trend attracts attention, it showed quite a good growth of 15.25% in March with a drawdown of only 4.18%.
- in the PAMM service, one should note the manager under the nickname GoodCandles5000: the growth for the month on his account was 26.77%, the maximum drawdown was 9.88%.

Among the IB partners, NordFX TOP-3 is as follows:
- the largest commission, $12,878, was accrued to a partner from Sri Lanka, account No.1483xxx;
- next is a partner from India, account No.1527xxx, who received $6,593;
- and, finally, a partner from India, account No.1491xxx, who received $4,855 as a reward, closes the top three.


Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.


#eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market

https://nordfx.com/

Re: NordFX.com - ECN/STP, MT5, CQG, Multiterminal broker

CryptoNews

https://i.imgur.com/Ew2LUFE.jpg

- Attackers demanded 5 BTC (about $275,000), threatening to detonate bombs in two business centers of St. Petersburg, the second largest city in Russia. According to local media reports, the Fort Tower and Renaissance Park business centers received ransom threats by e-mail. However, no explosive devices were found after people were evacuated and buildings were inspected. The police are looking for extortionists.

- Investor and TV star Kevin O'Leary said in a comment to CNBC that he would only buy eco-friendly digital gold. According to him, within a year or two, the crypto community will divide bitcoin into two types: "clean", that is, mined using renewable energy, and "dirty" or "bloody" - mined using "dirty energy."
O'Leary added that environmental concerns were coming to the fore with regard to digital gold. “I don’t buy coins if I don’t know where and when they were mined. Not from China. No “bloody” coins,” the investor said. However, he did not specify where he buys "clean" bitcoin and how he determines its origin.
According to analysts' calculations, the annual emissions into the atmosphere from cryptocurrency mining are about 60 million tons of carbon dioxide. In other words, $1 billion worth of bitcoin mining is equivalent to annual carbon emissions from 1.2 million cars.

- According to CoinDesk, the Sacramento Kings NBA basketball club will provide an opportunity for the team and support staff to get paid in the first cryptocurrency. This was stated by its owner. The club plans to give official confirmation this week. The publication believes that such a move will secure the Kings a status as the most crypto-friendly professional sports team in the United States.

- Experts of the JPMorgan bank called the rate of $130,000 as the long-term goal for the first cryptocurrency, having lowered the bar from $146,000 due to the fall in gold quotes, Business Insider reports.
The bank's analysts made such a forecast based on the calculation of the theoretical capitalization of the first cryptocurrency in the event of an inflow of funds from the gold market, for which the cryptocurrency is becoming a digital alternative. According to JPMorgan, the precious metal has outflowed $20 billion since mid-October, while companies have poured $7 billion in bitcoin.
The long-term target for the cryptocurrency rate is based on the idea that its volatility and the volatility of gold will converge. But the bank recalled that this is a long-term process: the realized three-month asset volatility is 86% and 16%, respectively so far.

- The famous American rapper Snoop Dogg said that he is a big bitcoin supporter. “I believe in bitcoin and the technology that makes global interaction possible,” he said.
The rapper has already become familiar with the volatility of the crypto market and understands that the fall in price does not reflect the initial value of the asset. Price is not the main determinant of the reliability of the leading cryptocurrency for him. “I don't follow the coin rate too much, because I've been on the market for a long time and got used to rate jumps. I am sure that bitcoin is for a long time, ”says Snoop Dogg. “The future is happening right before our eyes. I don't think bitcoin is just a consequence of the pandemic. It only adds fuel to the fire. "

- Many "bitcoin bulls" in the expert environment say that the largest digital currency will be able to bypass gold in terms of capitalization in the future. In this case, the value of all bitcoins should grow 10 times and exceed the $11 trillion mark. The authors of the study conducted by Ark Invest, stress that this could happen over the next few years. "We believe that bitcoin is better than gold and it's safe to say that it will capture gold market share or even more."
Commenting on a recent speech by the US Treasury Secretary in which she criticized bitcoin, Ark Invest experts say Janet Yellen used outdated arguments when she said that criminals were using cryptocurrency for money laundering.

- Billionaire and founder of the crypto bank Galaxy Digital Mike Novogratz agrees with the forecast of Ark Invest. He stated In a comment for CNBC that he was shocked by the pace of digital asset adoption. The investor also admitted his previous forecast of the price of the first cryptocurrency of $60,000 too conservative. “Bitcoin is on the inevitable path to reaching and exceeding the capitalization of gold,” said Novogratz.
According to CompaniesMarketCap, the total market value of gold at the time of writing is $10.8 trillion. According to CoinGecko, the capitalization of the first cryptocurrency is around $1.1 trillion.

- Domain name registrar GoDaddy put up Roger Ver's Bitcoin.com domain for sale for $100 million earlier this week. Upon discovering the ad, the owner said it was “100% fake” and contacted GoDaddy with a demand to remove the domain from sale. And that was done. At the same time, there were no official comments and explanations from GoDaddy representatives.

- Rich Dad Poor Dad author, investor and entrepreneur Robert Kiyosaki has suggested in a recent interview that bitcoin could reach a value of $1.2 million over the next five years. Kiyosaki first bought the cryptocurrency last year when it was trading at $9,000 after the pandemic actually shackled the global economy. “I wish I could buy it for 10 cents, like many people did, but I still look like a genius because today it costs about $55,000. I think that in another five years it will grow to $1.2 million,” the entrepreneur announced.
At the same time, even though Kiyosaki has turned into a defender of bitcoin, he still prefers gold and silver for main investments, explaining this by the fact that the cryptocurrency is outside the regulatory field.

- Large investment bank Morgan Stanley has filed an application with the US Securities and Exchange Commission (SEC), according to which 12 funds of the bank will be able to invest in BTC. Each of the funds indicated in the application will be able to place up to 25% of the capital in the first cryptocurrency. “Certain funds can indirectly invest in bitcoin through fiat-settled bitcoin futures or through investments in the Grayscale Bitcoin Trust (GBTC). The investments will go through a subsidiary registered in the Cayman Islands. At the same time, the fund may not have investments in bitcoin at a certain point,” the application says.

- Billionaire Mark Cuban revealed that he has concentrated 60% of his cryptocurrency investment portfolio in bitcoin, 30% in Ethereum, and 10% in other digital assets. Cuban called bitcoin the best alternative to gold, and Ethereum - the most similar to a real currency. “I wish I had bought Ethereum earlier. I started doing this only four years ago,” added Cuban, and compared the growth of Ethereum to the development of the Internet in the late 90s.
According to him, it is this altcoin that matches his ideas about the correct form of money due to its decentralized economy based on smart contracts.


#eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #forex #cryptocurrencies #bitcoin #stock_market

https://nordfx.com/

Re: NordFX.com - ECN/STP, MT5, CQG, Multiterminal broker

Super Lottery: NordFX Gives Away 100,000 USD to Traders

https://i.imgur.com/nh8ETDy.jpg

The $100,000 Super Lottery was launched by the brokerage company NordFX among its clients on April 1. The name speaks for itself: 100 cash prizes of $500, $1,000, $2,500 and a super prize of $ 20,000 will be drawn by the year end.

It is quite easy to take part in the lottery and get a chance to win one or even several of these prizes. It is enough to have a Pro account in NordFX (and for those who do not have it - register and open a new one), top it up with $200 and... just trade.

Having made a trading turnover of only 2 lots in Forex currency pairs or gold (or 4 lots in silver), the trader will automatically receive a virtual lottery ticket. The number of lottery tickets for one participant is not limited. The more deposits and the greater the turnover, the more lottery tickets the participant will have, and the greater their chances of becoming a winner of the prize money.

Unlike trader contests, there is no need for a lottery participant to show exceptional trading results. In this case, both experienced professionals and beginners have equal chances of winning. And they can either use the received prize money in further trading, or take it out without any restrictions.

70 prizes of $500 each, 20 prizes of $1,000 each, 10 prizes of $2,500 and 1 super prize of $20,000 will be drawn. The draws will be held on July 1, October 1, 2021 and January 3, 2022. For more details, visit the NordFX website.

Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.


#eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market

https://nordfx.com/

Re: NordFX.com - ECN/STP, MT5, CQG, Multiterminal broker

Forex Forecast and Cryptocurrencies Forecast for April 12 - 16, 2021


First, a review of last week’s events:

- EUR/USD. The U.S. economy continues to recover vigorously. The S&P500 index renews another high, the value of American Treasuries is growing and, accordingly, their yield is falling. And the dollar is falling along with it.
However, the market, for the most part, is reacting not to real numbers for the last week and a half, but to forecasts and promises. As already mentioned, the US economy is growing. But the head of the US Federal Reserve said that although the March statistics on the labor market is impressive, it is not enough to even start discussions on the curtailment of fiscal stimulus programs. According to Jerome Powell, this requires several more months of such positive results.
His colleagues agree with him. So, the head of the Federal Reserve Bank of San Francisco Mary Daly noted that the US economy is still very far from the recovery, and the Fed will wait until this happens. And the head of the Federal Reserve Bank of St. Louis, James Bullard, said that one should not even think about changes in the US monetary policy until the end of the COVID-19 pandemic.
But as for the other side of the Atlantic Ocean, there are more and more vigorous statements of EU officials about the imminent termination of lockdowns and the unprecedented growth of the Eurozone economy. And in spite of the calls of German Chancellor Angela Merkel for tighter isolation, optimistic data on industrial production in this country are cited.
As a result of all these verbal battles, the scales tipped to the side of the euro. As predicted by most experts, the EUR/USD pair went up, rising to the height of 1.1930 on Thursday, April 08. This was followed by a correction and a finish at 1.1900;

- GBP/USD. Problems after the UK's exit from the EU, an impressive trade deficit and the country's budget deficit continue to put pressure on the pound. And even the dollar, which has weakened against other currencies, does not allow the GBP/USD pair to return to growth. We see how the British currency, step by step, is losing ground starting from February 24. Last week the pair was able to grow only to 1.3920. This was followed by a reversal and, as predicted by graphical analysis, it dropped to the level of 1.3670. As for the final chord, it sounded at the height of 1.3710;

- USD/JPY. It has been repeatedly written that the rate of this pair is greatly influenced by the yield of US Treasuries. Fluctuations in the yield of these securities allowed the yen to straighten its shoulders a little and win back 165 points from the dollar in the first four days of the week, dropping to 109.00. However, then the strength of the bears dried up, and the pair ended the five-day period at the level of 109.65;

- cryptocurrencies. The overwhelming majority of analysts (70%) gave a negative forecast for the BTC/USD pair last week, expecting it to move towards $50,000. This is exactly what happened, and the fall of bitcoin on Wednesday to $55,540 made many talk about the beginning of new "crypto freezes". Fortunately for investors, the panic was premature and the pair returned to the $58,000 zone on Friday. However, the question of why the main cryptocurrency failed to gain a foothold above $60,000 remains open.
One of the versions is a drop in demand from large institutional investors. But, as is clear from the statistics of crypto exchanges, "whales" continue to withdraw cryptocurrency to cold wallets. And therefore, they expect its growth to continue.
The miners' actions are also indicative of their bullish sentiment. They switched to hoarding coins in April, creating a shortage in the market. The movement of cryptocurrency from miners to crypto exchanges has decreased by almost 40%: from 450 bitcoins per day in March to 275 in the first decade of April. Naturally, such a shortage of supply should push the price up. Suffice it to recall that the BTC/USD pair rose from $19,000 to $30,000 in a similar situation the previous time.
In the meantime, just as bitcoin cannot take the $60,000 height by storm, the total market capitalization cannot step over the $2.0 trillion bar either, once approaching it, once moving away. At the time of writing this review, on Friday April 09, it has once again come close to this important psychological level, reaching a volume of $1.990 billion. As for the Crypto Fear & Greed Index, it has changed only by 4 points during the week, having fallen from 74 to 70.
It should be noted that the share of bitcoin in the total crypto market capitalization is continuously decreasing: if it was 62% on March 14, then it was only 55% on April 09. This is undoubtedly due to the lack of positive price dynamics for BTC/USD. Speculators are switching to other instruments, which allow making serious profits at the moment. And here the ripple should be noted.
When the ripple fell to $0.170 at the very end of December 2020 due to the claims of the Securities and Exchange Commission (SEC), many gave up on it. However, on April 7, at the high, the price of this altcoin reached $1.108, showing a 550% gain since the the year started. Its capitalization also grew during this time, rising from 1.40% to 2.42%. The reason for this rally, especially in the last week, was the news that ripple's lawyers have gained access to the SEC documents and are making serious progress in litigation with this powerful regulator.


As for the forecast for the coming week, summarizing the views of a number of experts, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

- EUR/USD. As is said in the first part of the review, the statements of the US Federal Reserve leaders, the growth of the stock market and the fall in the yield of US Treasury bonds are important factors. But they are limited in time. So is the falling dollar. And at some point, everything can turn 180 degrees. The higher the US stock indices soar - Nasdaq, Dow Jones, S&P500, the more frequent talk about “soap bubbles” that are about to burst. Investors borrowed a record $814 billion secured by their own portfolios by the end of February 2021. And this is 49% more than a year ago. A similar situation resulted in the collapse of the stock market and in the economic crisis in 2008.
But until this happens, the attractiveness of the dollar continues to decline, which plays into the hands of low-income currencies and, first of all, the euro. The dollar is not facilitated by the confrontation between Democrats and Republicans in the US Senate over the scale of further fiscal stimulus either.
Of course, a way out of this political stalemate will be found, and there will be more clarity about the results of vaccinations and the speed of recovery of the US and Eurozone economies. But according to forecasts of 65% of experts, the EUR/USD pair will continue its growth in the coming week. This scenario is supported by 75% of oscillators and 85% of trend indicators on H4. The advantage of the “greens” is much weaker on D1, here it is only 65% of technical indicators that point to the growth of the pair. At the same time, 15% of oscillators are painted neutral gray, and 20% already give signals about the pair being overbought.
As for the graphical analysis, it shows movement in the 1.1835-1.1950 trading range on H4, the range is, of course, wider on D1: first, the pair goes down to the lower border in the 1.1700 zone, and then rises to the 1.2000 height. It should be noted that in the transition from weekly to monthly forecast, 55% of analysts vote for the decline of the pair to the horizon of 1.1700.
As for the events of the coming week, we should pay attention to inflation indicators and data on the US consumer market (due out on April 13, 15 and 16), Eurozone (April 12) and Germany (April 15) . Also of interest is the speech of the head of the US Federal Reserve Jerome Powell on Wednesday April 14;
https://i.imgur.com/JoIvBgm.jpg

- GBP/USD. At the moment, the absolute advantage for this pair is on the side of the bears. 85% of oscillators and 100% trend indicators on H4 are painted red. On D1 it is 85% and 80%, respectively. 65% of analysts also vote for the further fall of the pair. The nearest support is 1.3670, the target is a transition to the zone 1.3575-1.3610. Graphical analysis on D1 also draws the continuation of the downward trend. However, according to its forecast, the pair may rise to the resistance level of 1.3900 before heading south.
Even though the sell-off of the pound continues, many analysts note that the long-term uptrend, which began on March 20, 2020, has not been affected. And the fall of the last 6 weeks can be considered as a correction, after which the British currency may continue its growth. The pound will regain its attractiveness, especially if large capital that left it due to Brexit begins to return to the country. The pound is also supported by the successes of the early stages of vaccination against COVID-19. In this case, according to 70% of experts, the GBP/USD pair has many chances to regain its lost positions and return first to the 1.4000 zone, and then retest the February 24 high at 1.4240 before the end of spring;

- USD/JPY. Back in early March, the volumes of purchases of futures contracts for the yen exceeded sales. But the fast pace of the US economic recovery has changed everything. According to the Commodity Futures Trading Commission (CFTC), the number of short contracts on Japanese currency began to grow since mid-March, reaching record values since January 2019. 
At the moment, despite the confusion in the indicators' readings, the majority of experts (65%), supported by graphical analysis on H4, expect further weakening of the yen and the return of the USD/JPY pair, first to the level of 111.00, and then its rise another 100 points higher, to the level of 112.00.
The remaining 35% of analysts are looking south, expecting to see how the pair will test 108.40 support. Moreover, when moving to the monthly forecast, the number of bear supporters increases to 60%, and the target shifts to the zone 105.00-106.20.
As for the events of the coming week, one can note the speech of the head of the Bank of Japan Haruhiko Kuroda on Wednesday April 14, from which the market will wait for signals regarding the monetary policy of the regulator for the near future.  Recall that the Bank of Japan has not been able to decide how to respond to rising yields on US securities and what to do with its own. If the yield on 10-year US bonds and commodity prices continue to rise, and the regulator does not respond to this, it could hit the yen even harder. And it has already suffered quite tangible losses, having lost more about 700 points to the dollar over the past three months.

- cryptocurrencies. The news background of the past week was quite versatile. Thus, the investment bank Morgan Stanley has filed an application with the US Securities and Exchange Commission (SEC), according to which 12 funds of the bank will be able to invest in BTC. Each of the funds indicated in the application will be able to place up to 25% of the capital in the first cryptocurrency. And that's good for investors.
On the other hand, the billionaire and founder of PayPal, Peter Thiel, declared out of the sudden that bitcoin has become an instrument of China's policy and is increasingly hitting the dollar. That is why, according to Peter Thiel, the US government should attend to the regulation of this benchmark cryptocurrency. It should be noted that this businessman previously supported bitcoin, and now one needs to understand who or what made him change his mind. And if the wind blows from the White House, this is a very negative signal for the cryptocurrency market.
As for the forecasts, experts of another large world bank, JPMorgan, called the long-term target for the bitcoin rate of $130,000, having lowered the bar from $146,000 due to the fall in gold quotes. Analysts made such a forecast based on the calculation of the theoretical capitalization of the first cryptocurrency in case of an influx of funds from the market of precious metals.
In general, the topic of comparing bitcoin with gold, for which cryptocurrency is becoming a digital alternative, sounds more and more often. Many bitcoin bulls in the expert environment say that BTC will be able to bypass gold in terms of capitalization in the future. In this case, the value of all bitcoins should grow 10 times and exceed the $11 trillion mark. And according to analysts at Ark Invest, that could happen within the next few years. "We believe that bitcoin is better than gold and it's safe to say that it will capture a gold market share or even more."
Billionaire and founder of the crypto bank Galaxy Digital Mike Novogratz agrees with the forecast of Ark Invest. He stated In a comment for CNBC that he was shocked by the pace of digital asset adoption. The investor also admitted his previous forecast of the price of the first cryptocurrency of $60,000 too conservative. “Bitcoin is on the inevitable path to reaching and exceeding the capitalization of gold,” said Novogratz.
Quite an astronomical forecast was given by the author of the book “Rich Dad, Poor Dad”, investor and entrepreneur Robert Kiyosaki. He suggested in a recent interview that the first cryptocurrency could reach a value of $1.2 million in the next five years. Kiyosaki first bought bitcoin last year after the pandemic effectively shackled the global economy. It was then trading at $9,000. “I wish I could buy it for 10 cents, like many people did, but I still look like a genius because today it costs about $55,000. I think that in another five years it will grow to $1.2 million,” the entrepreneur announced.
At the same time, even though Kiyosaki, opposite to Peter Thiel, has turned into a defender of bitcoin, he still prefers gold and silver for main investments, explaining this by the fact that the cryptocurrency is outside the regulatory field.
And finally, at the end of the review, another crypto life hack. This time, it's about how to make money without "mining", without buying or selling cryptocurrency. After all, it turns out that it is enough just to look into the future and register a promising Internet address in time in order to become a millionaire. So, domain name registrar GoDaddy put up Roger Ver's Bitcoin.com domain for sale for $100 million earlier last week. However, this time the deal fell through: upon discovering the ad, the owner declared that it was “100% fake" and demanded to remove the domain from sale. But this does not mean that you will not be able to earn a tidy sum at other addresses. After all, there are still so many promising cryptocurrencies in the world besides bitcoin.


NordFX Analytical Group


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market

https://nordfx.com/

Re: NordFX.com - ECN/STP, MT5, CQG, Multiterminal broker

New Mobile App from NordFX


https://i.imgur.com/IAyWoHa.jpg

The specialists of the NordFX brokerage company have developed a new convenient mobile app that allows you to conduct full-fledged trading in the financial markets without having to switch to other platforms.

The app supports 12 languages and contains all the functionality traders need, which they can use in just a few clicks. The trading platform integrates indicators and other tools for advanced technical analysis. In addition, the application includes an economic calendar, as well as options for opening and verifying an account, depositing and withdrawing funds.

The line of trading instruments includes 33 Forex currency pairs, gold, silver, Crude and Brent oil, as well as the main cryptocurrency pairs: Bitcoin (BTC/USD), Ethereum (ETH/USD), Ripple (XRP/USD) and Litecoin (LTC/USD).

For all the inquiries, please contact Support support@nordfx.com

You can download the NordFX mobile app from Google Play

as well as from the App Store


Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.


#eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market

https://nordfx.com/

Re: NordFX.com - ECN/STP, MT5, CQG, Multiterminal broker

CryptoNews

https://i.imgur.com/v94VWyS.jpg

- The new episode of the cult animated series "The Simpsons" broadcast on of April 11 predicted an increase in the value of the first cryptocurrency to infinity. This was noticed by Reddit users. A running line with quotes of financial assets appears on the TV screen in the 18th episode of season 32. The bitcoin exchange rate is marked with a green sign of infinity.
Recall that in February 2020, the creators of "The Simpsons" released an episode called Frinkcoin, dedicated to cryptocurrencies and how blockchain technology works. They also mentioned bitcoin in a joint episode with The Griffins and in the mobile game The Simpsons: Tapped Out.

- The emulator of a vintage computer Commodore-64 produced in 1982 was used to mine cryptocurrency. The developer Maciej Vitkoviak has created the C64 Bitcoin Miner software specifically for this PC. He demonstrated a 0.2 H/s hashrate on the VICE emulator. “It will take 337 years and 10 months for the C64 to mine a block,” the developer said.

- Ethereum may surpass Bitcoin in terms of profitability in 2021, and the price of the coin may rise to $10,000. Such a forecast was given by the famous crypto trader and host of the podcast The Wolf of All Streets Scott Melker.
He revealed In an interview with Cointelegraph that he has largely switched his strategy from the first cryptocurrency to this leading altcoin in recent months. “It reminds me of investing in the Internet in the early 1990s,” Melker said. “I don’t understand why this is crazy. In fact, this is just an increase of less than five times the current price. Bitcoin almost tripled last year."

- Analysts of the Kraken exchange admitted the possibility of growth of bitcoin to $90,000. This is stated in the company's latest monthly state-of-the-industry report. Experts noted that March was one of the most successful months for the largest cryptocurrencies in terms of capitalization.
Based on historical data, analysts allowed Bitcoin to rise by 50% in April. Considering that the month began at $59,000, the target of the movement could be the $90,000 mark. However, before the rally resumes, the first cryptocurrency can expect a correction of at least $10,000.
As for Ethereum, Kraken predicts it could rise to $15,000. Exchange analysts noted the important, in their opinion, support and resistance levels for this altcoin: $1,462 and $2,695. Plotting historical patterns of ETH price movement on logarithmic curves, they concluded that the peak of the bullish cycle is still far away. The experts are confident that the price of Ethereum could rise by 700% from the levels of the end of March and reach a high at $15,238.

- The fortune of the bitcoin creator under the pseudonym Satoshi Nakamoto, who, according to various estimates, owns from 750 thousand to 1.1 million BTC coins, has exceeded $60 billion. Thanks to this, according to the Forbes rating, Nakamoto got into the top 20 richest people in the world.
Nakamoto's fortune assessment does not include bitcoin forks belonging to him. For example, the creator of the first cryptocurrency could have over $650 million in Bitcoin Cash, $250 million in Bitcoin SV, $1.1 million in Bitcoin Gold, and a host of other forks.

- According to the analytical service Santiment, large investors, or the so-called "whales", continue to accumulate bitcoins. Analysts found that they have accumulated up to 2.2% of the total cryptocurrency market supply so far, reaching an 11-month high. A similar situation was observed at the beginning of May last year.
These are investors who control 100,000 or more BTC, according to the Santiment report. At the same time, the volume of cryptocurrency on addresses containing from 1,000 to 100,000 coins, on the contrary, decreased from 42.5% to 39.5%.

- An Italian citizen was arrested on suspicion of trying to pay with cryptocurrency for the murder of his ex-girlfriend. According to Europol, the suspect found a website on the darknet that offers such services. After there appeared a contractor ready to fulfill the order, the suspect transferred about 10 thousand euros in bitcoins to him. However, Europol and the Italian police uncovered the criminal plan in time.
Europol also tracked the cryptocurrency transfer. To this end, law enforcement agencies turned to the crypto exchange, where the suspect's virtual currency was originally purchased, and it provided the authorities with the requested information. The name of the exchange is not disclosed.

- Los Angeles-based real estate agency Caruso has partnered with the Gemini cryptocurrency exchange to accept bitcoins in residential and commercial transactions. This fact is interesting because Caruso's long list of tenants includes Tesla CEO Elon Musk. He sells his cars at the large Americana at Brand shopping and entertainment center in Glendale.
Even though Caruso has never discussed bitcoin payments with the well-known entrepreneur, it is believed that Musk may be the very first tenant to pay rent in cryptocurrency. “I didn't tell Elon about this, but he might be a trailblazer who pays rent in bitcoin,” said the company's founder and CEO Rick Caruso.

- Bitcoin miners are accumulating coins for the first time since December 2020, thus containing the downward pressure on the market. The number of bitcoins in miners' wallets has increased to 1.806 million BTC over the past two weeks.
“Miners have switched to accumulating liquid assets, because they have enough cash reserves to support their activities, which they raised during the rise of bitcoin from $20,000 to $40,000. Or, most of them are holding coins in anticipation of further appreciation,” Flex Young, CEO of Hong Kong-based Babel Finance, told CoinDesk.
Miners receive income in cryptocurrency, but they pay fiat to service providers, so they are forced to sell part of the mined coins. The volumes of such sales depend on current market conditions and expectations of the bitcoin price behavior.
Starting from March 31, miners started accumulating BTC reserves again. Whereas for four months before that, they reduced their positions, converting bitcoins to fiat. The largest volumes of cryptocurrency, from 17,000 to 24,000 BTC per day, were sold by them in January 2021.

- CNBC TV presenter Jim Kramer would switch entirely to cryptocurrency, and it would take him several years. He has already reached the point of demanding that his salary be paid in bitcoins. Apparently, he was influenced by the news that the MicroStrategy company began to pay remuneration in bitcoins to its members of the Board of Directors. Kramer named MicroStrategy a leader in Bitcoin adoption in his Mad Money program, predicting that other companies would follow suit.


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Forex Forecast and Cryptocurrencies Forecast for April 19 - 23, 2021


First, a review of last week’s events:

- EUR/USD. The past week was marked by two important economic events: impressively strong macro-statistics from the USA and a collapse in the yield of 10-year US government bonds.
According to the data published on Thursday April 15, US retail sales jumped by +9.8% in March (against the forecast +5.9% and a fall of -2.7% in February), which is the best indicator for the last 10 months. What is happening on the labor market also shows an active recovery of the country's economy. Thus, the number of initial applications for unemployment benefits fell from 769 thousand to 576 thousand. And this is not just better than the predicted 700 thousand, this is the lowest level since the beginning of the COVID-19 pandemic. Industrial production grew by 2.7%.
All these figures clearly indicate the rapid growth of US GDP in the first quarter of 2021. and allow us to speak with confidence about its continuation in the coming months.  Against this background, the collapse in the yield of American Treasuries, the strongest since the beginning of last November, looks surprising. If at the end of March, the yield on 10-year bonds reached a local multi-month maximum of 1.775%, now it has fallen to 1.583%.
Along with bonds, the dollar is weakening. The USD DXY index is trading in the 91.5 zone on Friday, April 16, which is 180 points below this year's high of 93.3. As a result, as predicted by most experts (65%), the EUR/USD pair continued its growth last week, coming close to the important support/resistance level of 1.2000 and ending the five-day period at 1.1980.   
This situation suggests that strong economic statistics from the United States can no longer provide serious support to the US currency. And the latter is now more correlated with the yield on Treasury bonds. Apparently, the rate of vaccination against coronavirus has already been taken into account in the USD quotes. And new fiscal stimulus programs and endless printing of new money by the Federal Reserve started working against the dollar. Its weakening has already gone beyond the usual correction, heating up the risk sentiments of investors: in addition to the euro, the currencies of commodity and developing countries are also growing, and the S&P500 index renews its all-time high for the 22nd time this year;

- GBP/USD. The weakening dollar supported the British currency, the fall of the GBP/USD pair stopped, and it even managed to climb 120 points. Thus, its movement over the past four weeks can be defined as lateralin channel 1.3670-1.3920. As for the last chord, the pair placed it in the central zone of this channel, ending the trading session at 1.3840;

- USD/JPY. It was said above about a sharp drop in the yield on 10-year US Treasury bonds. Experts call the coverage of short positions by hedge funds, as well as the return of Japanese buyers to the market, among the possible reasons for this collapse. They were actively getting rid of American bonds at the end of the financial year, but they began to replenish their investment portfolios with them now. This led to an increase in demand for the yen, which, thanks to the negative interest rate, they use to finance such operations.
One of the scenarios pronounced a week ago suggested that the weakening of the dollar and the strengthening of the yen would push the pair USD/JPY towards the support of 108.40. This is exactly what happened: starting from the level of 109.65, the pair dropped to the horizon 108.60 by Thursday, April 15, followed by a small rebound and a finish at 108.80;     

- cryptocurrencies. What has been so much anticipated over the past eight weeks has come true: Bitcoin has finally broken through the $60,000 horizon and is now trying to gain a foothold above this important psychological level. The new historical high was the height of $64,800, which the BTC/USD pair reached on Wednesday April 14. However, a correction followed, and the bulls were struggling to prevent the main cryptocurrency from falling below $60,000 for the whole of Friday, April 16.
According to the Forbes rating, thanks to the growth of bitcoin, its creator under the pseudonym Satoshi Nakamoto got into the top 20 richest people in the world. According to various estimates, he owns between 750k and 1.1 million BTC coins, and his fortune has exceeded $60 billion now.
But if Nakamoto became the owner of countless crypto-treasures a long time ago, then the current large investors are only at the beginning of their journey. According to the analytical service Santiment, the so-called "whales" continue to accumulate bitcoins. Analysts found that they have accumulated up to 2.2% of the total cryptocurrency market supply so far, reaching an 11-month high. A similar situation was observed at the beginning of May last year. As the Santiment report says, we are talking about investors controlling 100,000 or more BTC.
Along with the "whales", for the first time since December 2020, miners have also started to accumulate savings, which creates a shortage of supply and contributes to an increase in the price of the main digital asset.
Miners receive income in cryptocurrency, but they pay fiat to service and equipment providers, so they are forced to sell part of the mined coins. The volumes of such sales depend on current market conditions and expectations of the bitcoin price. Starting from March 31, miners started accumulating BTC reserves again. Whereas for four months before that, they reduced their positions, converting bitcoins to fiat. The largest volumes of cryptocurrency, from 17,000 to 24,000 BTC per day, were sold by them in January 2021.
“Miners have switched to accumulating digital assets, because they have enough cash reserves to support their activities, which they raised during the rise of bitcoin from $20,000 to $40,000. Or, most of them are holding coins in anticipation of further appreciation,” Flex Young, CEO of Hong Kong-based Babel Finance, told CoinDesk. The number of bitcoins in miners' wallets has increased to 1.806 million BTC over the past two weeks.
The growth of the BTC/USD pair is facilitated by a weak dollar and a decrease in the yield of long-term US government bonds as well. This increases the attractiveness of cryptocurrency as a hedge against inflation.
The total crypto market capitalization on April 10 finally crossed the $ 2.0 trillion bar, and never fell below it. At the time of this writing, on April 16, it is at $ 2.2 trillion.
At the same time, the share of bitcoin in the total crypto market capitalization continues to decline continuously: if it was 72.65% on January 2, then it was only 52.10% on April 16. As already mentioned, this is most likely due to the fact that speculators are switching to other, more profitable, assets.
As for the Crypto Fear & Greed Index, it rose from 70 to 78 points in a week. Both values are in the overbought zone, but they are still far from critical, and therefore cannot become a serious obstacle to the growth of the BTC/USD pair.


As for the forecast for the coming week, summarizing the views of a number of experts, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

- EUR/USD. As mentioned in the first part of the review, trillions of dollars of economic support programs not only increase the US national debt, but also begin to put serious pressure on the American currency. Low, close to zero interest rates do not help it either. But at the same time, the head of the FRS says that although the pace of the US economic recovery is impressive, it is not enough to even begin to discuss the curtailment of fiscal stimulus programs. According to Jerome Powell, this requires several more months of such positive results. The economy must “make even more significant progress” towards target levels of employment and inflation.
Of course, such statements are not good for the dollar and contribute to the growth of risk sentiment. But as for the other side of the Atlantic Ocean, there are more and more vigorous statements of EU officials about the imminent termination of lockdowns and the unprecedented growth of the Eurozone economy. According to the consensus forecast of Bloomberg experts, the ECB will slow down the emergency asset purchase (QE) program by July, and at the end of this year will announce its termination in March 2022.
All of the above could lead to the EUR/USD breakout of the 1.2000 resistance and its rise to the January highs in the 1.2300 area. Resistances on this path will be the levels 1.2125 and 1.2185.
However, at the moment such a bullish forecast is supported by only 25% of experts. True, graphical analysis, 100% of trend indicators on H4 and 90% on D1 are on their side. The picture is slightly different among oscillators. Only 65% of oscillators on both time frames are colored green, while the rest are already giving signals that the pair is overbought.
The majority of analysts (50%) have now taken a neutral position, believing that the bulls and the bears will be engaged in “tug-of-war” across the 1.2000 line in the near future. But the victory will still be with the dollar in the future. And, when moving from weekly to monthly forecast, the number of supporters of bears increases from 25% to 70%. In their opinion, the EUR / USD pair will test the support in the 1.1700 zone once again and, if successful, will drop another 100 points lower.
As for the events of the coming week, we should pay attention to Thursday April 22. The next ECB meeting will be held on that day. Any special changes in its monetary policy are not likely to be foreseen. However, the press conference of the management of the European Central Bank is of interest, during which investors can receive positive signals about the intentions of this regulator. If the business activity indicators in Germany and the Eurozone, which will be released the next day, April 23, also turn out to be encouraging, this could support the euro;

- GBP/USD. Problems after the UK's exit from the EU, an impressive trade deficit and the country's budget deficit continue to put pressure on the pound. And even the dollar, which weakened against other currencies, let the GBP/USD pair get just a sideways trend, but never return to sustainable growth.
The British currency may regain its attractiveness, especially if large capital that left it due to Brexit begins to return to the country. The pound is also supported by the successes of vaccination against COVID-19. Therefore, some analysts believe that the long-term uptrend, which began on March 20, 2020, is too early to be buried, and the pair has a chance to continue its movement to the north. 30% of experts vote for the bullish forecast at the moment. However, when switching to forecasting by the end of spring, their number doubles: up to 60%. The nearest resistance levels are 1.3920 and 1.4000.
In the meantime, the overwhelming majority of analysts, supported by graphical analysis on D1, first expect the pair to drop to the lower border of the 1.3670-1.3920 trading channel, and in case of its breakdown, the pair will move to the 1.3600 zone.
Among the events of the coming week that can influence the formation of local trends, we can note the release of statistics on the UK labor market on Tuesday April 20, data on the consumer market on Wednesday April 21, and business activity in the Markit service sector.¬ on Friday April 23. Noteworthy is the speech of the head of the Bank of England Andrew Bailey on April 21 as well;

- USD/JPY. The pair starts the next week within the zone 108.60-109.25. Recall that this is the very narrow trading range from which it could not get out for three whole weeks in March. And it is quite possible that now it will become a serious obstacle on the path of the yen to further strengthening. Graphical analysis completely agrees with this version. According to its forecast on the H4 and D1 timeframes, before continuing to move south, the USD/JPY pair will be squeezed within these limits for several days.
And 70% of analysts are sure that the pair will continue to decline. Support levels are 108.35, 107.50 and 106.00; The remaining 30% expect the pair to bounce up. Resistances are at 109.25 and 110.00, the goal is to overcome the March 31 high of 110.95 and take the height of 111.00;

- cryptocurrencies. The most optimistic forecast for the bitcoin price was given by the authors of the cult animated series The Simpsons. A running line with quotes of financial assets appears on the TV screen in the new 18th episode of season 32. The bitcoin exchange rate is marked with a green sign of infinity.
Of course, such dynamics would greatly delight investors. However, the forecasts of specialists still look much more modest. Although they also strive upward. So, according to the latest report of the Kraken exchange, its analysts, relying on historical data, admitted the growth of bitcoin by 50% in April. Taking into account that the month began at $59,000, the target of the movement could be the $90,000 mark. However, before the rally resumes, the first cryptocurrency can expect a correction of at least $10,000.
As for the second major cryptocurrency, Ethereum, Kraken predicts it could rise to $15,000. Exchange analysts noted the important, in their opinion, support and resistance levels for this altcoin: $1,462 and $2,695. Plotting historical patterns of ETH price movement on logarithmic curves, they concluded that the peak of the bullish cycle is still far away. The experts are confident that the price of Ethereum could rise by 700% from the levels of the end of March and reach a high at $15,238.
A slightly more modest forecast for the price of this altcoin was given by the famous crypto trader and host of the podcast The Wolf Of All Streets Scott Melker. According to him, Ethereum may surpass bitcoin in terms of profitability in 2021, and the price of the coin may rise to $10,000.
He revealed In an interview with Cointelegraph that he has largely switched his strategy from the first cryptocurrency to ETH in recent months. “I don’t understand why this is crazy. In fact, this is just an increase of less than five times the current price. Bitcoin almost tripled last year,” Melker told reporters. “It reminds me of investing in the Internet in the early 1990s.”
Maciej Vitkoviak looked even deeper into the history, revealing to the world a crypto-life hack of almost 40 years ago - an emulator of a vintage computer Commodore-64 from 1982, adapted for mining bitcoins. This developer has created the C64 Bitcoin Miner software specifically for this PC. He demonstrated a hashrate of 0.2 H/s on the VICE emulator, which will allow him to get a block of BTC “in just” ... 337 years and 10 months ?.
https://i.imgur.com/BPVyhwg.jpg

NordFX Analytical Group


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

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CryptoNews

https://i.imgur.com/HZlbZTx.jpg

- PayPal's Venmo mobile payment app now allows users to buy, store and sell Bitcoin, Ethereum, Litecoin and Bitcoin Cash. The minimum investment in cryptocurrency is just $1. In addition, you can now share the purchased cryptocurrency with friends through the Venmo social feed.
Thus, PayPal continues to expand the functionality associated with digital assets. As a reminder, more recently, this payment giant has allowed users to buy cryptocurrency through its main platform and use their crypto wallets to pay for purchases in online stores around the world.

- Popular cryptocurrency analyst Willy Woo said that Bitcoin's drawdown on April 18 below $51,000 was triggered by massive power outages in China. Due to the fact that most of the miners were temporarily out of order, the hash rate of the asset began to decline. According to Woo, the situation should stabilize soon, which will lead to further increases in the value of bitcoin.
“This is a power outage in Xinjiang province. It is one of the largest regions in China where the mining power of bitcoin is concentrated. According to the BTC Cambridge Energy Consumption Index, Xinjiang accounts for about 25% of the coin's total hashrate. It becomes clear straight away that the entire cryptocurrency market has dropped significantly precisely because of the Chinese incident,” Woo said.
According to the expert, if his theory is confirmed, then the situation with the hash rate of the asset should stabilize quickly. When the main network starts processing the same number of transactions, the value of the coin will start to rise again.

- An unknown attacker allegedly stole phone numbers and credit card details of Domino's Pizza India customers and put them up for sale for 10 bitcoins (about $550,000 at the time of writing). In parallel, the hacker demanded 50 BTC ($2.75 million) from Domino's to prevent the information from getting publicly available.
Representatives of the management company confirmed the hack but denied the leak. "In accordance with our policy, we do not store financial information or credit card information of our customers, so such information has not been compromised," said Domino's Pizza.

- Candidate for the post of New York City Treasurer Reshma Patel presented an urban development plan based on investments in blockchain businesses and cryptocurrencies.
According to her plan, this should play an important role in the restoration of the city. “My intention to run for office is due to my concerns about the financial health of New York, especially in the aftermath of the COVID-19 pandemic. It is clear that cryptocurrencies have a future in finance and a future in financial planning in New York,” Patel said. Among other things, she plans to invest in funds focused on blockchain, create a working group to explore options for direct investment in technology, and also transfer part of the city's pension fund reserves to digital assets.

- The world-famous American magazine TIME followed the path of Tesla, and in addition to investing in bitcoin, it also began to accept cryptocurrency for subscription payments. To this end, TIME has started to cooperate with the crypto payment platform Crypto.com, offering an additional reward of 10% for those who pay for the service in native Crypto.com CRO tokens.
The service is currently available in the US and Canada, but a global expansion is planned in the coming months. TIME's rapid digital transformation is the result of our commitment to new technologies and working closely with innovative companies like Crypto.com to bring our vision to life, said TIME CTO Bharat Krish.

- Bitcoin trend remains bullish. This is the conclusion reached by analysts of the Santiment resource, who analyzed the frequency of tweets with the phrase "buy the dip" and "bought the dip". With the bitcoin price dipping below $51,000 on April 18, the number of low buy posts hit a weekly record of 2,108 tweets. This allowed Santiment analysts to conclude that this correction is nothing more than a "bump in the road."
This is not the first time Santiment has used Twitter stats to gauge the market. For example, earlier the analysts used the mention of Binance coin (BNB) to determine the peak price of this cryptocurrency.

- Cryptocurrencies like bitcoin need to be considered as alternative investments. This was stated by the deputy governor of the People's Bank of China (PBOC) Li Bo. “Bitcoin and stablecoins are encrypted assets. It is an investment asset, an alternative investment, not a currency. They should play an important role in the future,” explained Li Bo. However, he stressed the associated regulatory uncertainty. According to the official, "current practices" in the form of banning the operation of bitcoin exchanges and holding ICOs will remain in force until the development of new regulation is completed, which should become similar to the regulation of the banking system.

- Former hedge fund manager and host of CNBC's Mad Money Jim Cramer called himself a "renegade" and announced the sale of his assets in the first cryptocurrency. “I know people will be mad at me, but I paid off my mortgage with bitcoin yesterday,” Kramer said on TV. The host did not elaborate on how many coins he sold. But, he said, it was half of his digital gold reserves.
Twitter users likened Kramer's move to Laszlo Hanyecz's famous 10,000 BTC purchase of pizza in May 2010.

- The Swiss giant AXA was the first of the insurance companies of this country to start accepting bitcoin for payment. To accept digital payments, the company entered into a partnership agreement with the cryptocurrency broker Bitcoin Suisse. AXA customers will be able to pay with bitcoin for all of the company's products, with the exception of life insurance. This is due to legal restrictions.
AXA has not ruled out that in the future its products can be purchased using other cryptocurrencies, but for now the company will test working with digital assets using BTC only.


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