Forex. Cryptocurrency Forecast for today
Bitcoin formed a new resistance level around $ 68,600, after which it declined sharply in the American session. It is possible that profit-taking occurs after steady growth.
The capitalization of the cryptocurrency market by the end of Wednesday amounted to 2.80 trillion US dollars against 2.89 on Tuesday.
According to media reports, Mastercard will launch debit and credit payment cards linked to bitcoin in the Asia-Pacific region. They will allow businesses and consumers to pay for purchases with cryptocurrency. The partners of the Mastercard Crypto Card initiative are Hong Kong startup Aber Group and cryptocurrency exchanges from Australia and Thailand. The program involves reducing barriers to entry, optimizing the adaptation process and providing access to experts in the field of fintech. The offer implies instant conversion of digital assets into fiat at the time of payment.
The second half of the week will be active in the financial markets. The focus will be on the volume of industrial production in the Eurozone and the consumer sentiment index from the University of Michigan for November. The growth of indicators can strengthen the position of the US dollar and thereby attract speculative capital to the foreign exchange market.