Forex. Cryptocurrency Forecast for today
Bitcoin continued to rise in price. Now digital gold is consolidating near the $58,000 level. The US corporate reporting season is just around the corner, and the forecasts are disappointing, because the demand for protective assets is resuming.
The capitalization of the cryptocurrency market on Thursday amounted to 2.38 trillion US dollars against 2.35 on Wednesday. The news pushes the cryptocurrency market to growth. The pressure on the SEC to approve bitcoin ETFs is growing. The update of the fund's prospectus from Valkyrie Investments and the new ARK Invest application are good signs to push the regulator to give the green light to large investments in the cryptocurrency market.
According to media reports, miners began to leave China en masse. Many of them ended up in Texas because of low energy prices. In addition, there are many renewable energy sources in the USA. Many states also have a memorandum of support for cryptocurrencies. There is a sufficient amount of infrastructure for the work of cryptominers.
According to the statement of finance ministers and heads of Central Banks of the G7 countries, digital currencies of central banks (CBDC) should support and not harm the ability of regulators to fulfill their responsibilities in terms of ensuring financial stability in the world.