Webinar: Bitcoin Nears All-Time High; Where to Next?

In this webinar we looked at the recent news that has had an impact on the crypto-currency market, including talk of a Bitcoin fork and an Ethereum upgrade. We also discussed the news that Japan had authorized 11 crypto-currency exchanges giving the market yet another boost.

Discussions include –

• The Chinese ban on ICOs and CNY trading hit the crypto-currency market hard four weeks ago but since then most digital coins have made a strong comeback as Japanese Yen and Korean Won traders take up the slack left by the Chinese departure.

• Bitcoin is heading for another fork this month with Bitcoin Gold expected to be set next week. Will this fork produce a new token and, if so, will it hold its long-term value better than Bitcoin Cash (BCH)

• The Ethereum ‘Metropolis’ upgrade is expected by the end of the month but it is far from certain if a new coin will be produced. We also discussed the widening Bitcoin/Ethereum spread.

New to Bitcoin and Ethereum? Get our updated Bitcoin Glossary – Key Terms and Concepts here

If you missed this webinar and would like to know about future events, see the full DailyFX webinar schedule here.

--- Written by Nick Cawley, Analyst

To contact Nick, email him at nicholas.cawley@ig.com

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