Forex. Cryptocurrency Forecast for today
Now bitcoin is being adjusted, and a new trading range of 68600-66400 dollars is likely to form.
The capitalization of the cryptocurrency market by the end of Tuesday amounted to 2.89 trillion US dollars against 2.87 on Monday. The positive news background pushes investors to buy digital gold.
There is an opinion that the latest bitcoin highs were reached the day after the US Federal Reserve singled out stablecoins, and not bitcoin itself, as one of the main risks to financial stability.
Other digital coins have also risen, especially Ethereum. It has grown by more than 70% in the last 2.5 months. Finder.com published the results of a survey of industry experts, which showed that they expect a jump in the cryptocurrency exchange rate to $5,100 by the end of this year and a rise above $50,000 by 2030.
Meanwhile, there is also dependence on the monetary policy of Central Banks. The latter do not see the expediency of raising the main interest rates. According to Central banks, the growth of inflation on a global scale is temporary.
Today, the digital asset market may react to US inflation figures, weekly applications for unemployment benefits. A strong strengthening of the US dollar may provoke a flow of speculative capital into the foreign exchange market.