Forex. Cryptocurrency forecast for today
Speculative sales are visible, but they are on small volumes and cannot be heralds of a reversal of the current upward trend. Digital gold is restrained by the area of 55,000 dollars. The capitalization of the cryptocurrency market by the end of Tuesday amounted to 2.28 trillion US dollars against 2.33 on Wednesday. This indicates a reduction in long positions, and the growth of quotations in the coming days is unlikely. At the moment, there is no important news that could greatly affect the trading of digital assets. It is possible that the market is dominated by more speculative trends than fundamental ones.
Don't forget that tech giant stocks are under pressure, and corporate reporting season is coming soon. Investors can use the cryptocurrency market as a protection against market turbulence.
The following can be distinguished from the news. The BlockFi platform has filed an application with the SEC to launch an ETF based on the Chicago Stock Exchange's bitcoin futures. As part of a speech at the Texas Blockchain Summit, US Senator Ted Cruz proposed using the energy generated during oil and gas production for bitcoin mining. According to media reports, the Chinese division of the fast food chain McDonald's has released a collection of non-interchangeable tokens (NFT) in honor of the 31 anniversary.