Forex. Cryptocurrency Forecast for today
Now digital gold is consolidating near the level of 66400 dollars.
The capitalization of the cryptocurrency market at the end of the weekend added 2.86 trillion US dollars against 2.84 on Friday. The latest news is pushing the cryptocurrency market to growth.
According to media reports, Apple CEO Tim Cook said that he personally owns cryptocurrencies, using digital assets to diversify his investment portfolio. According to him, he was "interested in digital assets for some time" and researched this topic. At the same time, the corporation is not going to invest money in these financial instruments or launch services related to them.
The past week has been active in the cryptocurrency market. The recent adjustment was related to the potential default of the Chinese developer Evergrande, but everything went well, and tensions subsided. The auction for the placement of 30-year US government bonds was also a driver of concern. Low demand provoked a collapse in prices and a sharp jump in yields, against which the US dollar significantly strengthened. This situation has caused pressure on risky assets, including gold and bitcoin.
Next week will be sensitive to US macroeconomic indicators. The focus is on the volume of retail sales, the volume of industrial production, and the index of manufacturing activity from the Philadelphia Federal Reserve. The rise of the dollar may speculatively weaken bitcoin.