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.



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

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Real Time News
  • How does stock market liquidity benefit its traders? Learn more here:
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here:
  • Quarterly earnings from Netflix and Tesla, two big tech companies, will take center stage next week and could set the trading tone for the S&P 500 and the Nasdaq 100. Get your weekly equities forecast from @DColmanFX here:
  • Do you know the difference between investing and trading? Because while the goal might seem the same, they're very different things . Learn more here.
  • What is your forex trading style? Take the quiz and find out:
  • Further your trading knowledge and gain informed market analyses from our expert analyst @DavidJSong on Oil with our free Q4 guide, available for free today.
  • Nasdaq 100 may hit new high soon.
  • HSTECH index has likely formed an "Inverse Head & Shoulders" pattern.
  • The HSI has likely formed a “Double Bottom” chart pattern, which is usually viewed as bullish-biased.
Bitcoin Outlook: Crypto Adoption to Become Widespread in Wake of El Salvador, AMC?

Bitcoin Outlook: Crypto Adoption to Become Widespread in Wake of El Salvador, AMC?

Brendan Fagan,

Bitcoin, El Salvador, Ether, Litecoin, Crypto, AMC – Talking Points

  • Bitcoin initially struggled following adoption in El Salvador, S&P cites credit risks
  • AMC announces it will accept Ether and Litecoin at movie theaters
  • SEC regulatory risk remains, Chair Gensler calls many cryptos “securities”

Cryptocurrencies appear to be moving more mainstream by the day, as additional retail chains announce they will accept cryptos as payment. AMC, the darling of many meme stock traders, recently announced that they would accept both Ether and Litecoin at its theaters, further plunging alt-coins into the limelight. AMC’s plans will see the chain accept 4 cryptocurrencies as payment, Ether (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and Bitcoin (BTC).

Bitcoin Daily Chart

Bitcoin Outlook: Crypto Adoption to Become Widespread in Wake of El Salvador, AMC?

Chart created with TradingView

Bitcoin notably struggled on September 7th when El Salvador officially began accepting the crypto as legal tender. S&P Global noted that the adoption by El Salvador has immediate negative implications for the struggling economy, with potential risks far outweighing the benefits. In the wake of the adoption, government bond spreads to similar US Treasury securities continue to widen as domestic credit risks become more apparent. The adoption of Bitcoin alongside the US Dollar also threatens El Salvador’s ability to source funds from the IMF, where US votes typically carry the most weight.

Ethereum Daily Chart

Bitcoin Outlook: Crypto Adoption to Become Widespread in Wake of El Salvador, AMC?

Chart created with TradingView

The regulatory risk surrounding the crypto space remains heightened, with SEC Chair Gary Gensler remaining adamant that many coins can be classified as securities, therefore placing them under the SEC’s purview. Gensler has been critical of the crypto market since joining the SEC, likening the space to the “wild west.” Crypto exchanges have also faced the wrath of Gensler and his colleagues, with Coinbase being singled out in particular. In his eyes, Coinbase meets the requirements of an exchange and therefore should register with the SEC. Coinbase’s independent status currently means that they are not subject to strict disclosure rules as other exchanges.

Resources for Forex Traders

Whether you are a new or experienced trader, we have several resources available to help you; indicator for tracking trader sentiment, quarterly trading forecasts, analytical and educational webinars held daily, trading guides to help you improve trading performance, and one specifically for those who are new to forex.

--- Written by Brendan Fagan, Intern

To contact Brendan, use the comments section below or @BrendanFaganFX on Twitter

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