News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
GBP/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI here: https://t.co/nAa0fHHGbZ https://t.co/nAoZXAZFuD
  • *Reminder: Weekly Strategy Webinar tomorrow morning at 8:30am EST on DailyFX! https://t.co/lxd5fZnn4H
  • Bitcoin ended a 10 consecutive day advance with yesterday's bearish close - breaking pace only after it overtook the 100-day moving average. That 10-day climb matches the longest bull charge with only two other examples. $BTCUSD https://t.co/G5UdX96mn9
  • Recessions can devastate the economy and disrupt the fortunes of individuals, businesses, and investors. But economic decline in the business cycle is inevitable, and your trading can be defined by how you respond to crisis. learn how to prepare here: https://t.co/e4CnobJCss https://t.co/9t94CbyQEi
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Find out about the recent history of ISM data, how to track it, and how to trade its release here: https://t.co/MZtBh88nOv https://t.co/LB749nN0K4
  • The continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here: https://t.co/vg7w10la3j https://t.co/7JZu61F0OW
  • Tech stocks pulled back from record territory after Amazon posted tepid Q3 guidance. Get your weekly equities forecast from @margaretyjy here: https://t.co/kpYlD2ryue https://t.co/pXDztqY8PQ
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here: https://t.co/BdgFmkRxVw https://t.co/LQS1xMPSVc
  • When it comes to buying and selling forex, traders have unique styles and approaches. Learn about buying and selling forex here: https://t.co/D8DXSAdpqC https://t.co/WmRkOUGwlq
  • Recent price action in the US Dollar Index (DXY) casts a bearish outlook for the Greenback as it extends the series of lower highs and lows from earlier this week. Get your weekly USD technical forecast from @DavidJSong here: https://t.co/aQVzoACWEp https://t.co/TBFiTrur0P
Bitcoin Soars Towards $10,000; Up 900% This Year

Bitcoin Soars Towards $10,000; Up 900% This Year

Nick Cawley, Strategist

Talking Points

- All forms of Bitcoin jump in value. Ethereum continues to head towards $500.

- Turnover across the crypto-currency market soars.

The DailyFX Bitcoin Glossary is designed to provide traders with a reference for important terms and concepts essential for understanding the emerging cryptocurrency universe.

Bitcoin (BTC) Heads for $10,000 as Asian Turnover Soars.

Heavy turnover in the last 24 – 48 hours has pushed BTC to the brink of $10,000, a level some commentators predicted for 2018. While Korean Won trade dominated in Asian hours, US dollar turnover was also highly visible as a wide range of buyers bought BTC ahead of the launch of CME and CBOE Bitcoin futures. Korean Won buyers however paid a much higher average price than US dollar buyers, $9817 to $9331, highlighting the liquidity problem on some exchanges. Bitcoin Cash (BCH) also pushed ahead hitting $1,700 while Bitcoin Gold (BTG) made a move higher to $370.

And the latest push in Bitcoin has seen it near Ireland’s value, using M1 as a yardstick. Bitcoin currently is worth around $160 billion while Ireland’s latest M1 reading is around $186 billion after converting from EUR.

Bitcoin Soars Towards $10,000; Up 900% This Year

We discussed the upside potential BTC and ETH at last week’s Bitcoin webinar - if you would like to join us every Wednesday at 12:00pm for updated news and views, please click here.

Chart: Bitcoin (BTC) Daily Timeframe (August 7 – November 27, 2017)

Bitcoin Soars Towards $10,000; Up 900% This Year

Ethereum (ETH) Exceeds Short-Term Target. $500 now in sight

The recent Ethereum chart break has opened the way for the second-largest crypto-currency to move above $500 and push its market capitalization over $50 billion. While Bitcoin continues to take all of the headlines, ETH has risen from around $9 at the start of 2017.

Chart: Ethereum (ETH) Daily Time Frame (June – November 27, 2017)

Bitcoin Soars Towards $10,000; Up 900% This Year

Market Moves/Top 8 Capitalizations – November 27, 2017

Bitcoin Soars Towards $10,000; Up 900% This Year

If you are interested in trading digital pairs and would like to practice trading either BTC or ETH, you can create a Quick and Free Demo Account Here

--- Written by Nick Cawley, Analyst.

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

Follow Nick on Twitter @nickcawley1

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES