Calls for regulation add to bitcoin and crypto headwinds
ECB President Lagarde adds to calls to have the crypto market regulated.
Page 5 of 12
ECB President Lagarde adds to calls to have the crypto market regulated.
Technical reversal pattern gives a measured move target significantly below bitcoin's current price.
Cryptocurrencies and Bitcoin in particular, is often viewed as an inflation hedge, but its performance during the surge in US consumer prices does not back this trait
BTC/USD faces renewed pressure today, as its recovery effort from last week’s plunge is failing, at key technical levels
A perfect storm has hit the crypto market as it faces harsh headwinds.
Given the recent tightening of policy, the rate adjustments and dollar support, bitcoin is facing headwinds.
Cryptocurrencies start the week with losses and Bitcoin erases around 50% from the November 2021 record high amidst broader poor sentiment
Our technical target puts bitcoin in danger of trading considerably lower.
BTC/USD had a good day on Wednesday, helped by the US Dollar’s negative reaction to the Fed decision, but rejected 40,000 and faces difficulties today
Bitcoin has dropped out of an ascending wedge. Dollar support is weighing heavily on the Cryptocurrency.
Risk Warning: Our service includes products that are traded on margin and carry a risk of losses in excess of your deposited funds. The products may not be suitable for all investors. Please ensure that you fully understand the risks involved.
Exchange: ${getInstrumentData.exchange}
${getInstrumentData.bid} ${getInstrumentData.divCcy} ${getInstrumentData.priceChange} (${getInstrumentData.percentChange}%) ${getInstrumentData.priceChange} (${getInstrumentData.percentChange}%)
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.