Trading signals and online forecasts Bitcoin/USD

EUR/USD: EU GDP is expected to increase in the second quarterDuring the Asian session, the EUR/USD pair shows multidirectional movements, remaining near the 1.0990 level. Trading takes place in conditions of low activity, as investors refrain from opening new positions before the release of important macroeconomic statistics.Analysts predict that in the second quarter, EU gross domestic product (GDP) growth will remain at 0.3%, which should lead to an increase in the annual rate from 0.4% to 0.6%. In Spain, the consumer price index for July fell from 3.4% to 2.8%, which corresponds to the general trend towards slowing inflation in the region and supports the current position of the European Central Bank (ECB) on monetary policy. Earlier, the market's attention was focused on data on business sentiment in the eurozone and Germany from the Center for European Economic Research (ZEW). These data turned out to be weaker than expected: the index for the eurozone fell from 43.7 to 17.9 points, and for Germany — from 41.8 to 19.2 points, which is significantly lower than forecasts.Meanwhile, the US dollar is showing a correction, being at the level of 102.40 in the USDX index. The July producer price index showed an increase of only 0.1%, which is below market expectations, and led to a decrease in the annual rate from 2.7% to 2.2%. The base indicator remained unchanged for the month, but decreased from 3.0% to 2.4% in annual terms, indicating a decrease in the industry's ability to maintain price levels.Resistance levels: 1.1010, 1.1110.Support levels: 1.0970, 1.0880.GBP/USD: annual inflation in Britain fell to 3.3% in JulyThe GBP/USD pair is showing instability, fluctuating around the level of 1.2830. Traders' attention is focused on the latest inflation statistics from the UK for July.The annual core consumer price index fell from 3.5% to 3.3%, despite expectations of 3.4%, while the broader index increased from 2.0% to 2.2%, with a forecast of 2.3%. The monthly value of the indicator fell by 0.2% after the previous 0.1% increase. Meanwhile, the UK labour market is also showing signs of slowing down: annual earnings growth is slowing and the number of vacancies has been declining for 25 months in a row. This reduces the likelihood that the Bank of England will continue to aggressively raise interest rates. Catherine Mann, a member of the Monetary Policy Committee of the Bank of England, expressed concerns about a possible return of inflation to high levels, despite the fact that in June inflation was kept in the target range of 2.0-3.0%. Recall that Mann was one of those who voted to keep the rate at 5.25%, not supporting the majority's decision to reduce it to 5.00% for the first time since the beginning of the COVID-19 pandemic.On the same day, investors also expect inflation data from the United States. The core consumer price index excluding food and energy is projected to decrease from 3.3% to 3.2% in annual terms and rise from 0.1% to 0.2% on a monthly basis. The broader index is expected to fall from 3.0% to 2.9%, but with an increase of 0.2% after the previous decrease of 0.1%. It is important to note that the core producer price index in the United States fell from 3.0% to 2.4% in July, exceeding analysts' expectations.Resistance levels: 1.2860, 1.2900, 1.2948, 1.3000.Support levels: 1.2817, 1.2776, 1.2730, 1.2700.Gold market analysisGold is showing a slight decline, moving away from the recent local highs reached on August 2. Currently, the instrument is testing the 2460.00 level, trying to break it down while market participants are waiting for new factors that can affect the price movement.In addition, gold quotes are supported against the background of increasing geopolitical tensions. There have been reports in the media about a possible Iranian military operation against Israel, which could begin as early as this week. Official Tehran has threatened retaliatory measures for the death of the leader of the political wing of Hamas, Ismail Haniyeh. The alleged attack could negate all cease-fire efforts in the Gaza Strip and significantly expand the scale of the conflict in the Middle East.There is also an uptrend in the market. According to the latest report of the U.S. Commodity Futures Trading Commission (CFTC), last week the number of net speculative positions in gold decreased from 246.6 thousand to 238.7 thousand. Recently, market participants have been actively closing positions in anticipation of a possible correction: the balance of the bulls amounted to 203.726 thousand positions against 18.252 thousand for the bears. Last week, buyers closed 7,882 thousand contracts, while sellers reduced their positions by 4,447 thousand, indicating continuing concerns about further growth.Resistance levels: 2470.00, 2483.64, 2497.67, 2510.00.Support levels: 2450.00, 2431.44, 2415.00, 2400.00.Crude Oil market analysisDuring the Asian session, Brent Crude Oil prices are recovering from yesterday's decline, which did not allow quotes to gain a foothold at new highs reached on July 23. The instrument is currently testing the 80.70 level.Today at 16:30 (GMT+2), the report of the Energy Information Administration of the U.S. Department of Energy (EIA) on the dynamics of oil reserves for the week ended August 9 is expected to be published. Analysts' forecasts indicate a possible decrease in inventories by 2 million barrels, after a decrease of 3.728 million barrels last week. In addition, market participants are analyzing the updated forecasts of the International Energy Agency (IEA). IEA experts have revised their expectations for an increase in global hydrocarbon production in 2024, lowering them by 40 thousand. barrels per day to a total of 102.93 million barrels per day. In 2025, production is expected to increase to 104.88 million barrels per day, while demand in 2024 is projected at 970 thousand barrels per day, which will lead to a total consumption of 103.06 million barrels per day. Among the factors constraining demand growth, the slow recovery of the Chinese economy and the possible weakening of industrial production in the EU countries are mentioned. It is also noted that in the second quarter, fuel demand outside the OECD countries was the lowest since 2020.Resistance levels: 81.00, 82.00, 82.40, 83.14.Support levels: 80.00, 79.00, 77.86, ...

AUD/USD: Australian Dollar declines after May recordsThe AUD/USD currency pair is experiencing a drop, rolling back after yesterday's surge, when new local highs were reached since May 20, despite strengthening based on positive May data on the Australian labor market.The employment rate in Australia increased by 39.7 thousand, continuing to grow after adding 37.4 thousand in April, which significantly exceeds analysts' expectations, which assumed an increase of 30.0 thousand Full-time employment increased by 41.7 thousand, despite the previous decrease of 7.6 thousand, while part-time employment decreased by 2.1 thousand, after an increase of 45.0 thousand in the previous month. The unemployment rate dropped from 4.1% to 4.0%. These impressive figures confirm the Reserve Bank of Australia's (RBA) ability to ease monetary policy further.Meanwhile, the US dollar is stabilizing after the average trading session: The US Federal Reserve, following its last meeting, left the key rate at 5.50%, but left the door open for a rate cut in 2024. New economic forecasts from the Fed show a potential one and a half rate cuts of 25 basis points by the end of this year, although market expectations hint at two such cuts. The latest US inflation data show a reduction in risks, which led to increased confidence among analysts in the possibility of the first rate cut in September. Core inflation, excluding the cost of food and energy resources, showed a slowdown to 3.4% per annum and to 0.2% on a monthly basis.Resistance levels: 0.6667, 0.6679, 0.6700, 0.6725.Support levels: 0.6646, 0.6622, 0.6600, 0.6578.NZD/USD: Federal Reserve System confirmed the rate of 5.5% per annumDuring the Asian trading session, the NZD/USD currency pair is observing a moderate decline, reaching the level of 0.6166, after having recorded highs since January 15 a day earlier. This happened against the background of data on consumer inflation in the United States and the results of the recent Federal Reserve monetary policy meeting.At the last Fed meeting, the rate was kept at 5.5%. However, investors were particularly interested in the revised forecasts for the rate movement, which now show a decrease to 5.13% by the end of 2024, while previous estimates suggested a decrease to 4.60%. By the end of next year, it is expected to decrease to 4.13%, which is higher than the previously expected 3.90%. Current interest rate futures predict an even deeper decline of 46 basis points before the end of the year. At the same time, the May consumer price index showed a decrease from 3.4% to 3.3% in annual terms and from 0.3% to 0% on a monthly basis, while the base index decreased from 3.6% to 3.4%, which is lower than forecasts of 3.5%.Weak national macroeconomic statistics also have a negative impact on the New Zealand dollar: the volume of retail sales carried out using electronic cards fell by 1.6% year-on-year in May after a decrease of 3.8% earlier, and decreased from -0.4% to -1.1% on a monthly basis.Resistance levels: 0.6175, 0.6200, 0.6221, 0.6250.Support levels: 0.6152, 0.6130, 0.6100, 0.6082.Cryptocurrency market overviewThe quotes of the SOL/USD pair continue to weaken, aiming for a support level around 145.00, which has developed since last summer.The opinions of cryptocurrency market analysts differ: some experts suggest that the SEC's positive decision on applications for the creation of spot Ethereum ETFs may contribute to the launch of a similar fund based on Solana, which will support the growth of the value of SOL/USD. At the same time, other experts point to judicial decisions regarding the Coinbase and Kraken exchanges, where the SOL token was classified as a security, which may become an obstacle to its trading, although cases against Solana Labs have not been initiated.During this period, the company is strengthening control over the activities of validators: 30 operators were excluded from the delegation program for violations, having lost the opportunity to receive rewards for participating in the verification of transactions in the blockchain. According to CoinDesk, some bots were used for manipulation on decentralized financial platforms. In March, in the wake of the surge in popularity of meme tokens on Solana, Jito Labs temporarily disabled the mempool to prevent "sandwich attacks", but then activity increased again in private pools. Tim Garcia, who oversees the work with validators at Solana, confirmed that the company will continue to combat abuse by identifying and terminating cooperation with operators involved in unfair practices.Resistance levels: 159.60, 183.40.Support levels: 145.20, 121.00.Oil market overviewBrent Crude Oil prices are experiencing moderate growth, holding near the $82.00 per barrel mark.This increase is supported by forecasts from the International Energy Agency (IEA), according to which global oil demand will reach 103.2 million barrels per day in 2024, which is 1 million barrels more than in 2023. In the following years, the agency expects further growth in demand: up to 104.2 million barrels in 2025 and up to 105.0 million barrels per day in 2026. In parallel, the IEA predicts an increase in capital investments in the development of extractive capacities: after $ 538.0 billion was invested in this area in 2023, it is expected that in 2024 these investments will increase by at least 7%. This is especially true for non-OPEC+ countries, such as the United States.Resistance levels: 82.90, 85.10.Support levels: 81.10, ...

AUD/USD: pair has approached the support zone of 0.6489–0.6447During the Asian trading session, the AUD/USD currency pair is approaching the important support zone of 0.6489–0.6447 against the background of American statistics.Last week was marked by the publication of inflation data in the United States, which contributed to the strengthening of the US dollar in the market. The US consumer price index in March showed a monthly increase of 0.4%, which exceeded analysts' expectations of 0.3%, and the annual index was 3.5%, also higher than the predicted 3.4%. The producer price index increased by 2.1% year-on-year, from the previous 1.6%, although analysts expected an increase to 2.2%, while the monthly index decreased from 0.6% to 0.2%, ahead of forecasts of 0.3%. The core inflation rate rose from 2.1% to 2.4%, while the forecast was 2.3%. These data have increased doubts about the Federal Reserve's willingness to cut the rate by 25 basis points in June.The Australian economy also showed weak results: the number of construction permits issued fell by 1.9% monthly, which is in line with forecasts, while the previous figure was revised from -1.0% to -2.5%.Resistance levels: 0.6629, 0.6657, 0.6859.Support levels: 0.6489, 0.6447, 0.6353, 0.6285.Gold market analysisThe price of gold has stabilized around the level of 2350.00. Last week, gold reached a historic high, rising to the level of 2430.00, however, the bulls failed to hold this position, and many traders decided to realize the accumulated profits.The rise in gold prices continues to be supported by geopolitical instability and forecasts for rate cuts by the world's largest central banks. The European Central Bank is expected to lower interest rates as early as June, while the US Federal Reserve is likely to ease monetary policy later, with the first rate cut of 25 basis points expected in September.The latest macroeconomic data from the United States, published on April 12, increased pressure on the US dollar. The University of Michigan consumer confidence index fell from 79.4 to 77.9 points in April, which was lower than analysts' expectations of 79.0 points. The March import price index increased by 0.4%, accelerating by 0.1% compared to February, and on an annual basis the indicator also increased by 0.4% after a noticeable decrease of 0.8% a month earlier. Today, traders will closely monitor the March retail sales statistics in the United States, growth is expected to slow to 0.3% from February figures. The April index of business activity in the manufacturing sector from the Federal Reserve Bank of New York will also be published, an improvement from -20.9 to -9.0 points is projected.Resistance levels: 2375.00, 2400.00, 2431.44, 2450.00.Support levels: 2353.79, 2336.50, 2320.00, 2300.00.Cryptocurrency market analysisThe price dynamics of bitcoin tried to rise, breaking the 72000.00 level, but by the end of the week it fell sharply, losing about 14.5% of its value due to increased geopolitical tensions in the Middle East.Over the weekend, Iran conducted missile strikes against Israel, which led to investor fears about the possible outbreak of a large-scale military conflict, which, in turn, contributed to the reorientation of investments in defensive assets such as gold and the US dollar. This downward trend affected not only Bitcoin, but also the wide cryptocurrency market, where in a few days there were liquidations of open positions totaling about $2.5 billion. In addition, the pressure on digital assets was influenced by monetary policy, as the chances of continued high interest rates by the US Federal Reserve increased amid renewed inflationary pressures.These events lowered the price of Bitcoin to a six-week low of 60400.00, after which its partial recovery began. Traders are returning to the market, hoping that there will be no further escalation of the Iranian-Israeli conflict, according to representatives of American diplomacy. In this context, a possible resumption of growth of the main cryptocurrency assets, supported by the expectation of an upcoming halving in the Bitcoin network, seems quite likely in the foreseeable future.Resistance levels: 68750.00, 71875.00, 75000.00.Support levels: 62500.00, 59375.00, 56250.00.Crude Oil market analysisAfter rising to 92.42 on Friday, Brent crude oil quotes are experiencing a correction to 89.85 amid reports that the Iranian attack on Sunday caused minimal damage to Israel's infrastructure.Last week, after aggressive statements by Iranian leaders, the price of oil exceeded 92.00, as market participants feared the expansion of the armed conflict beyond the region. On Sunday, more than 300 rockets and drones were fired at Israel, most of which were successfully shot down by the Iron Dome air defense system. Mohammad Bagheri, the head of the General Staff of the Iranian Armed Forces, said that the "True Promise" mission has been completed and no further attacks are planned. According to him, Iran adheres to the principles of the UN Charter and is not interested in escalating the conflict. Against this background, the quotes of Brent Crude Oil moved to a decrease.The geopolitical situation in the Middle East remains difficult, which may lead to high volatility in the oil market in the coming months. Given that Iran is a significant oil producer in OPEC with production of more than 3 million barrels per day, the risks of supply interruption associated with sanctions and potential retaliatory actions by Israel contribute to the fact that the current price decline is rather corrective.Resistance levels: 91.95, 93.79, 96.22.Support levels: 89.10, 87.60, ...

EUR/USD: pair expects new incentives for further movementThe EUR/USD currency pair shows uncertain dynamics, fluctuating around 1.0940. Trader activity remains moderate, in anticipation of new economic insights after recent data.Last Friday, investors carefully studied information about the reduction in annual growth in German industrial production in January to 5.5% and saw an improvement in the monthly indicator by 1.0%, which may indicate an early overcoming of economic stagnation. The producer price index in Germany showed a slight increase and a slowdown in the decrease at an annual level, ahead of forecasts, which complements positive expectations for the economy. Similarly, the announced eurozone GDP data for the fourth quarter confirmed stagnation and slight annual growth, fitting in with analysts' expectations.In the United States, a recent employment report in February indicated a marked excess of expectations for the number of jobs created, although average wages declined slightly, which may indicate a weakening of inflationary pressures. This, in turn, reinforces speculation about the imminent transition of the Federal Reserve System to a more lenient monetary policy, pushing the dollar lower in the face of a possible reduction in borrowing costs.Resistance levels: 1.0964, 1.1000, 1.1050, 1.1100.Support levels: 1.0930, 1.0900, 1.0866, 1.0838.GBP/USD: mixed data from the US labor market did not strengthen the dollarDuring the Asian session, the GBP/USD currency pair shows mixed activity, stabilizing around 1.2850. Investors are cautious in making new decisions, but the British pound retains the potential to strengthen against the background of positive economic data.A recent Halifax report indicated a decrease in the growth rate of house prices to 0.4% per month and to 1.7% per year, foreshadowing a possible improvement in the overall economic climate. Ahead of the upcoming announcement of labor market data, the unemployment rate is expected to remain at 3.8%, while the number of applications for unemployment benefits may increase and wage growth may decrease slightly. Special attention was drawn to the budget plan of Finance Minister Jeremy Hunt, which focuses on key economic indicators and anticipates that the Bank of England will be one of the last among the leading central banks to start lowering interest rates, postponing this decision possibly until August after the Fed and the ECB begin their adjustments in June.Resistance levels: 1.2890, 1.3000.Support levels: 1.2800, 1.2700.AUD/USD: Australian dollar is gaining momentum within the growing 0.6650–0.6550 corridorDuring the Asian trading period, the Australian dollar hovers around 0.6612, experiencing a correction after a sharp rise last week, stimulated by Australian economic reports.The data shows that exports increased by 1.6%, while imports fell from 4% to 1.3%, which contributed to the growth of the trade balance from 10.743 billion to 11.027 billion Australian dollars.The upcoming information on the state of the real estate market, scheduled for publication tomorrow at 02:30 GMT+2, will clarify the situation of one of the most lagging sectors of the country's economy: it is expected that the number of building permits will improve to -1.0% from the previous -10.1%, although the forecast for the construction of private houses suggests a decrease of -9.9% compared to -0.5% in the previous period. These expectations imply that the further dynamics of the currency instrument will depend on the behavior of the US dollar, which, after falling in the middle of last week, has now stabilized around 102.50 in the USDX index, despite the mixed data on Friday. At the same time, data on average hourly wages, which showed a decrease from 0.5% to 0.1% on a monthly basis and from 4.4% to 4.3% year-on-year, did not meet investors' expectations. At the same time, the number of jobs in the non—agricultural sector increased from 229,000 to 275,000, and in the private sector from 177,000 to 223,000.Resistance levels: 0.6630, 0.6690.Support levels: 0.6580, 0.6500.Cryptocurrency market analysisDuring recent trading, the BTC/USD pair has shown impressive growth, consolidating at a level exceeding 7000.00, and is currently hovering around historically high values around 71500.00. This rise allowed the currency to overcome the effects of the recent significant correction to the level of 59200.00. The rise of the cryptocurrency is due to both the upcoming halving in the Bitcoin network in April and possible changes in the monetary policy of the US Federal Reserve System.Bitcoin market activity is increasing in anticipation of halving, which, combined with the achievement of record price levels, stimulates increased demand for this cryptocurrency. Last week, as noted by Santiment, a decrease in the volume of large transactions over $ 100.0 thousand was recorded, while the number of market participants with relatively small investments continues to increase, reaching, according to Glassnode, a historical maximum of 35.0 million addresses.Resistance levels: 75000.00, 81250.00, 87500.00.Support levels: 61150.00, 56250.00, ...

NZD/USD: on the way to break through the 0.6160 markAfter the release of inspiring data on the state of the New Zealand economy, the NZD/USD currency pair is showing an uptrend, reaching 0.6150. The index of business activity in the service sector, which is compiled monthly by Business NZ based on surveys of managers of private sector enterprises, rose to 52.1 points in January, surpassing both initial forecasts and previous results, thereby indicating an increase in optimism among entrepreneurs. This phenomenon is also confirmed by the composite indicator, which reached the mark of 50.0 points, which is also higher than expectations and previous indicators.Market analysts are observing a stable uptrend, with key support near the 0.6050 level. During February, despite repeated attempts to break through this mark, the price headed up from 0.6050 to resistance at 0.6160. A breakthrough and steady consolidation above 0.6160 portend further growth with potential targets at 0.6205 and 0.6262 levels. If the opponents of growth maintain control over the 0.6160 mark, a decline to the key level of 0.6050 is possible, whose breakdown will indicate a change in the long-term downward trend.Resistance levels: 0.6160, 0.6205, 0.6262.Support levels: 0.6050, 0.5865.Gold price analysisGold is strengthening, continuing the trend that began in the middle of the previous week, when the value of the precious metal rebounded from the minimum values recorded on December 13. At the same time, the latest data from the United States, published on Friday, had little effect on its value, despite the fact that they provoked a revision of expectations about an imminent reduction in interest rates.The producer price index in the United States in January increased by 0.3% for the month and 0.9% for the year, exceeding analysts' expectations, which assumed an increase of 0.1% and 0.6%, respectively. Core inflation, excluding the cost of food and energy, also accelerated, showing an increase of 0.5% for the month and 2.0% for the year, which also turned out to be higher than forecasts. These data forced experts to reconsider their forecasts regarding the policy of the Federal Reserve System, now it is expected that the interest rate cut may be postponed until the summer. The probability of such a move in June is estimated at 69%, although some analysts do not rule out changes already at the May meeting.Resistance levels: 2030.00, 2039.21, 2050.00, 2065.00.Support levels: 2015.30, 2000.00, 1987.29, 1972.85.Cryptocurrency market analysisSince the beginning of February, Bitcoin has significantly strengthened its position, aiming to steadily gain a foothold above the $52,000 level, with current trading around $52,400.The rise in the value of bitcoin is supported not only by an increase in investments in bitcoin ETFs, but also by the anticipation of halving expected in April. Analysts record record inflows of funds into cryptocurrency funds: if in the first week of February the volume of investments amounted to $ 1.1 billion, then the next week it was already $ 2.2 billion. The average daily volume of investments in bitcoin-related ETFs remains at around $500 million, with a special preference for American investors who become more active during trading in their market. The expected halving further contributes to the increase in value, as miners become more cautious in selling mined coins, which leads to a decrease in their supply on the market. Reports show a decrease in sales from miners from 800 BTC at the end of last year to less than 300 BTC at the beginning of 2024, while interest from ETF issuers is growing, exceeding 12 thousand coins.Resistance levels: 53125.00, 56250.00.Support levels: 50000.00, 48437.50, 46875.00.Oil market analysisLast week, WTI crude oil prices peaked at $ 78.61 per barrel, but today showed a slight correction to $ 78.16, remaining relatively stable amid reduced activity due to the celebration of Presidents' Day in the United States.The risks of an escalation of the conflict in the Middle East continue to support oil prices. Analysts from the Institute of International Finance in Washington suggest that the forces of the pro-Iranian Hezbollah movement and Iran may join the conflict, which could lead to a slowdown in global GDP growth to 2.4% and a decrease in world trade to 1.6%. Tensions in the Red Sea region are also contributing to instability, especially after reports of an attack on a British oil tanker en route to India by the Yemeni Ansarullah movement. These events highlight maritime safety issues, forcing exporters to look for alternative shipping routes and thereby increasing the cost of transporting raw materials.Resistance levels: 78.61, 83.50.Support levels: 75.14, 72.11, ...

AUD/USD: the pace of corrective dynamics in the currency pair has decreasedThe AUD/USD currency pair shows uncertain trends, holding near the level of 0.6590, in anticipation of new economic incentives in the absence of significant macroeconomic data. Analysts noted that the People's Bank of China maintained its key interest rate at 3.45%, while the five-year rate affecting mortgages remained at 4.20%.In Australia, December data on business climate indices from the National Bank of Australia is expected to be published in the near future, as well as January business activity indicators in the service and manufacturing sectors from the Commonwealth Bank. In the United States, preliminary data on business activity in the manufacturing and services sectors from S&P Global are due to be published in January.In its economic report on Australia, the International Monetary Fund (IMF) predicts a return of inflation to the target range of 2.0–3.0% only by 2026, in contrast to the expectations of the Reserve Bank of Australia (RBA) for 2025. The RBA recommended a further increase in rates to effectively control the growth of consumer prices.Resistance levels: 0.6600, 0.6630, 0.6662, 0.6700.Support levels: 0.6543, 0.6500, 0.6450, 0.6400.Gold price analysisThe price of the precious metal is experiencing a slight decline in conditions of moderate market activity, fluctuating around the level of 2022.30 and moving away from the peak values of January 16 reached last week.Gold continues to receive limited support due to growing geopolitical tensions in Eastern Europe and the Middle East, where the United States and its allies are seeking to secure transport routes in the Red Sea. At the same time, pressure on gold prices is increasing due to lower expectations about the imminent easing of monetary policy by the world's largest central banks. The president of the Federal Reserve Bank of Chicago, Austan Goolsby, said on Friday that the US Federal Reserve needs convincing evidence of a steady decline in inflation to make a decision to cut rates. The latest macroeconomic data and comments from officials led to a decrease in the probability of an interest rate change in March to 53.0%, compared with the previously expected 70.0% in the previous week.Resistance levels: 2030.00, 2041.77, 2050.00, 2065.00.Support levels: 2015.30, 2000.00, 1987.29, 1972.85.Crude Oil market analysisWTI Crude Oil is below the resistance level of 74.50, reflecting the stabilization in the market.In light of the ongoing tensions in the Middle East, many tankers choose routes bypassing the Red Sea. A positive impetus for oil is also created by an increase in the expected demand for fuel this year. The revised forecasts of the International Energy Agency (IEA) suggest an increase in consumption by 1.24 million barrels per day, which is less than the increase anticipated by OPEC by 2.25 million barrels per day. A recent report from the Energy Information Administration of the U.S. Department of Energy (EIA) showed a decrease in oil reserves by 2.494 million barrels, exceeding forecasts of 0.313 million barrels. At the same time, gasoline inventories increased by 3.083 million barrels, and distillates — by 2.3760 million barrels.Resistance levels: 74.48, 79.16.Support levels: 68.27, 64.01.Cryptocurrency market analysisToday, the bitcoin price is experiencing a correction, approaching a medium-term uptrend and reaching a level of about 40650.00.The main factors influencing the decline in the value of the first cryptocurrency include the restrained reaction of institutional investors to the recent launch of bitcoin ETFs, as well as concerns about a possible delay in easing the monetary policy of the US Federal Reserve System until the second half of the year. Recall that the US Securities and Exchange Commission (SEC) recently approved 11 applications for the creation of new ETFs based on BTC, but the trading volumes of these instruments turned out to be less significant than expected. The inflow of funds slowed down: on Thursday it amounted to 4.5 billion dollars, on Friday — 3.1 billion, on Tuesday — 1.8 billion and on Wednesday — 1.5 billion dollars.Grayscale Investments CEO Michael Sonnenschnein opined that of the 11 new spot ETFs, only two or three will be able to attract new players to the market, while the rest are likely to be unsuccessful. Peter Schiff, president of Euro Pacific Capital Inc. and a well-known critic of cryptocurrencies, suggests that the value of digital assets will continue to fall after the initial demand subsides.Resistance levels: 43750.00, 46875.00, 48437.50.Support levels: 40625.00, 39100.00, ...

GBP/USD: strong prospects for continued growthThe GBP/USD trading instrument tends to grow within the framework of a stable medium-term upward trend, trading near the level of 1.2770.This rise is reinforced ahead of the announcement of important US inflation data for December, which may affect the next steps of the US Federal Reserve System. Forecasts indicate a possible increase in the consumer price index from 0.1% to 0.2% monthly and from 3.1% to 3.2% in annual terms. In the event of such an increase, the Fed may delay the interest rate cut, which will strengthen the dollar's position against other currencies. However, it is expected that any correction will be moderate, as the market continues to believe in a change in monetary policy: experts foresee three rate cuts during the year, and participants in the futures market for federal funds predict up to five decreases.Resistance levels: 1.2890, 1.2939.Support levels: 1.2573, 1.2451, 1.2329.Silver price AnalysisA correction is taking place in the precious metals market, more due to technical rather than fundamental reasons, as a result of which silver quotes stabilize at the level of 23.02.By the end of the year, investors in the global market are liquidating their positions to review the balance of their portfolios. According to the report of the Chicago Mercantile Exchange (CME Group), the volume of silver futures trading decreased by the end of the year to an average of 42.3 thousand positions, but in the first week of the new year it rose to 57.8 thousand contracts. A decrease in the volume of positions in the asset affects its price, which was seen at the beginning of the year: the price of silver fell from $ 24.3 per ounce to the current $ 23.02 amid the growth of the USDX, with which silver has an almost perfect inverse correlation, in January the index rose from 100,500 to 102,000 points.Another technical factor influencing the fall in silver prices is the growth in the bond market, which is a competitor for metals due to their high reliability and low volatility. Over the past week, the yield on the leading 10-year government bonds increased from 3,809% to 4,000%, prompting some investors to choose them as an investment object.Resistance levels: 23.38, 24.10.Support levels: 22.70, 22.10.Cryptocurrency Market OverviewThis week, the Solana pair is showing an active recovery, reaching 105.55 today. The growth of quotations was facilitated by the approval by the US Securities and Exchange Commission (SEC) of the launch of spot bitcoin ETFs.Eleven new exchange-traded funds, including products from well-known investment giants such as BlackRock Inc. and Fidelity Investments, may be launched soon, perhaps even today. This will give investors easier access to cryptocurrencies and facilitate asset management, allowing them to purchase products that track BTC price changes in a similar way as it happens with stock and bond index funds, bypassing the need to visit cryptocurrency exchanges and open digital wallets.Experts expect that the bitcoin ETF will attract about $ 30 trillion to the market, but they assume that the growth of investments will be gradual. This is confirmed by the moderate strengthening of the main cryptocurrency pairs, as the market has already anticipated this news and incorporated it into current prices. Meanwhile, SEC Chairman Gary Gensler noted that the approval of bitcoin ETFs does not mean that the regulator will stop considering digital currencies as securities.Resistance levels: 103.40, 119.35, 125.00.Support levels: 81.25, 69.40, 50.00.Crude Oil Market OverviewDuring the Asian trading session, Brent Crude Oil is experiencing growth, trying to gain a foothold above the 77.20 mark against the background of a weakening US dollar before the publication of important inflation data.The consumer price index is expected to increase from 3.1% to 3.2% per annum and from 0.1% to 0.2% monthly. The base index, excluding the cost of food and energy, is expected to adjust from 4.0% to 3.8% per annum, remaining at 0.3% monthly. On Friday, the information on inflation statistics will be supplemented with data on the producer price index for December: the indicator is expected to grow from 0.9% to 1.3% monthly and from 0.0% to 0.1% per annum, while the base indicator may decrease from 2.0% to 1.9%.Oil prices also received support from data from the American Petroleum Institute (API) on commercial reserves, which decreased by 5,215 million barrels in the week of January 5, after a previous decrease of 7,418 million barrels, although analysts expected a decrease of only 1,200 million barrels. The report from the U.S. Department of Energy's Energy Information Administration (EIA) was more moderate, showing an increase in inventories of 1.340 million barrels compared with an expected decrease of 0.675 million barrels and a previous drop of 5.503 million barrels.Resistance levels: 77.00, 78.00, 79.12, 80.00.Support levels: 76.05, 75.04, 74.00, ...

EUR/USD: the market expects the release of data from the German industrial sectorThe EUR/USD pair is showing mixed trends, stabilizing near the 1.0950 level in anticipation of new market incentives. Today, the focus is on November data on German industrial production, where a modest 0.2% increase is expected after a previous 0.4% decline. Statistics on unemployment in the eurozone will also be presented, which is expected to remain at 6.5%.In the United States, this week will be marked by the publication of a report on consumer inflation, which has a significant impact on the country's future monetary policy. Previously released inflation data from the eurozone showed worse than expected results: the consumer price index increased to 2.9% year-on-year in December, instead of the expected 3.0%, and on a monthly basis - an increase of 0.2% after the previous fall of 0.6%. Core inflation slowed to 3.4%, which is also lower than the expected 3.5%. In addition, the German economy received support from the November dynamics of exports, which grew by 3.7%, exceeding expectations of 0.3%. Despite a significant increase in exports to the EU (5.8%), there are concerns about difficulties with maritime transport through the Suez Canal, which may complicate the situation in the industry. In Germany, the volume of orders increased by only 0.3%, which is significantly lower than the expected 1.0%. Retail sales in the eurozone fell by 0.3% monthly and 1.1% per annum in November, falling short of the projected 1.5%.Resistance levels: 1.0964, 1.1000, 1.1050, 1.1100.Support levels: 1.0930, 1.0900, 1.0850, 1.0800.AUD/USD: the Australian dollar strengthened its position in the pairDuring the Asian trading session, the AUD/USD pair shows stability, remaining near the 0.6715 level in anticipation of new market catalysts.The current state of the market is supported by balanced macroeconomic data from Australia. In particular, retail sales increased by 2.0% in November, in line with forecasts and showing a 2.2% improvement compared to last year. The number of construction permits issued increased by 1.6%, reaching 14,529 thousand, although in the private sector there was a decrease of 1.7% to 8,506 thousand. Nevertheless, the construction of residential buildings increased by 6.7% to 5,856 thousand. Housing construction costs decreased by 2.0% to 6.33 billion Australian dollars, and commercial construction costs decreased by 18.0% to 4.91 billion Australian dollars.The US dollar ended yesterday at 101.900 in the USDX index, as investors refrain from active actions ahead of important inflation statistics to be published on Thursday at 15:30 (GMT+2). The consumer price index is expected to increase from 3.1% to 3.2% year-on-year and by 0.2% month-on-month in December, which may significantly affect the likelihood of launching a program to ease the monetary policy of the US Federal Reserve System.Resistance levels: 0.6750, 0.6850.Support levels: 0.6670, 0.6560.Cryptocurrency Market OverviewThis week, the ETH/USD pair registered a significant increase, following the general positive trend of the market: the exchange rate reached the level of 2358.00, although later some of the positions won were lost. Nevertheless, the prospects for further strengthening of the upward movement remain high.The positive price dynamics continues to be based on expectations of approval by the U.S. Securities and Exchange Commission (SEC) on the launch of a spot bitcoin ETF. A decision on this issue is expected on Wednesday, and experts mostly assume a favorable outcome for the crypto market. An important sign of this was the SEC's recent warning to investors about the risks of buying digital assets, which many see as an attempt by the regulator to minimize its responsibility if the ETF is approved. It is expected that BlackRock Inc. will be the first to launch a new financial instrument, although it is possible that the SEC will approve all submitted applications, their number currently exceeds a dozen.Resistance levels: 2375.00, 2500.00, 2625.00, 2570.00.Support levels: 2125.00, 2000.00, 1875.00.Crude Oil Market OverviewPrices for benchmark Brent Crude Oil are experiencing a correction, trading slightly above the $76.00 mark.This negative trend is caused by changes in the pricing strategy of the state oil company Saudi Aramco, which announced earlier this week a reduction in oil prices for Asian, European and American buyers. In particular, the price of the Arab Light variety for Asia decreased by $ 2 per barrel, reaching a minimum in the last 27 months. A similar decrease was observed for the Extra Light, Arab Medium and Arab Heavy varieties, as well as for supplies to the United States and Northwestern Europe. As a result, the price of Arab Light with February delivery turned out to be only 0.9 dollars higher than Brent Crude Oil, which is the minimum gap over the past two years, and for the Mediterranean countries the difference was only 0.4 dollars.As for investor interest in oil contracts, there has been a noticeable increase in trading volumes since the beginning of the year: the average number of contracts for WTI Crude Oil on the Chicago Mercantile Exchange (CME Group) has reached 824.3 thousand since January 3, which is significantly higher than at the end of last year, when it was only 511.2 thousand contracts.Resistance levels: 77.50, 80.60.Support levels: 75.20, ...

The governor of the Bank of England, Andrew Bailey, said that bitcoin is impractical as a means of payment. While cryptocurrencies are not being calculated massively. But today, large companies not only use blockchain, but also accept crypto as payment:Coca-Cola. In 2020, the corporation's Asia-Pacific division announced that it would allow customers in Australia and New Zealand to buy drinks with bitcoin and other coins. Payment is available through devices that accept digital payments.PayPal is the first payment system to add cryptocurrency for transactions. The company acts as an intermediary: the service will exchange cryptocurrency for ordinary dollars at the internal exchange rate, which already includes the cost of conversion.Visa and Mastercard, following PayPal, thought about the possibility of conducting transactions with cryptocurrencies. The systems focus on stablecoins, which have collateral in the form of real assets.Shopify is a platform for creating online stores. Thanks to the developers, the owners of these stores can accept cryptocurrency.Emirates. The airline from the UAE intends to accept bitcoins as payment. Moreover, Emirates will add its own NFT tokens to the site. This is not the first airline operating with cryptocurrencies. Latvian airBaltic has been selling tickets for the crypt for several years.Balenciaga, Gucci, Tag Heuer are also starting to accept cryptocurrency. Moreover, the new payment method will be available not only online, but also in regular stores using QR codes. And the first major retailer that started accepting the crypt was Overstock.Brazilian developer Gafisa announced that now an apartment can be bought for bitcoins. So the company wants to attract investors from other countries, and the cryptocurrency helps to transfer funds quickly and ...

Speaking at the Bitcoin 2022 conference in Miami, the president of the autonomous region of Madeira, Miguel Albuquerque, made several ambitious statements about the prospects of Bitcoin on the islands."I believe in the future and I believe in Bitcoin," Albuquerque said.He recalled that de facto, Bitcoin is already a legal means of payment on the island, since individuals in Madeira are not subject to capital gains tax when buying and selling bitcoins.The regional corporate tax rate on business on the islands is only 5% — one of the lowest in Europe, which is extremely beneficial for cryptocurrency startups.The President also met with MicroStrategy CEO Michael Taylor. He recommended that he "focus on Bitcoin. Everything else is garbage."Madeira is part of Portugal, which attracts crypto enthusiasts with its zero interest rates on cryptocurrency ...

On May 16, the Central Bank of Cuba will begin issuing licenses for the use of cryptocurrencies in economic activities. The authorities are going to allow the cryptocurrency because of the consequences of the coronacrisis and US sanctions, which have been destroying the country's economy for 60 years.Cuba is a "passing prize"The first settlements on the island were founded by Spanish colonists in the early 16th century and ruled for almost three centuries. Then the metropolis brought African slaves and began to use the land for sugar cane and tobacco – the "oil" of that time.Cuba received relative freedom only at the end of the 19th century after an uprising of local residents and a long war for independence. Spain lost its influence in the Caribbean region, and the United States took its place. Nominally, the United States developed the economy and industry of Cuba, investing hundreds of millions, and then billions of dollars. In fact, they used it as a semi-colony: troops could enter at any moment, local authorities and production controlled it.Before World War I, about 90% of Cuba's exports were tobacco and sugar. Most of the agricultural territories were given over to them. Products for domestic consumption had to be imported – there were not enough of their own. At the same time, companies from the United States received privileges and imported goods to Cuba without duties.The country's economy suffered severely during the First and Second World Wars: first, the flow of goods from Europe stopped, then pro-American officials banned exports from the Soviet Union. As a result of the crisis, the poor could not get vital things, and the elite lived in comfort and luxury.In 1940, President Fulgencio Batista came to power – later he would be called a puppet of the United States. Under Batista, the capital of Cuba, Havana, became the "Latin American Las Vegas." The business was controlled by American monopolies and mafia clans. Businessmen from the United States owned 90% of the mining industry, 80% of utilities and fuel companies and half of sugar production. Batista received millions in bribes, and America turned a blind eye to numerous crimes: from the organization of brothels to drug and human trafficking.13 years later, a group of revolutionaries led by Fidel Castro rebelled against Batista. Impoverished and intimidated by the authorities, people joined the fight against tyranny. Castro promised to distribute land to peasants, ensure independence from the United States and improve the financial situation of Cubans. The resistance has been active for almost six years. A guerrilla war has begun in Cuba. By 1959, Castro's forces were able to capture the capital, and Batista lost control of the state and fled to the Dominican Republic. At the same time, the former dictator took most of the gold and foreign exchange reserves of the Central Bank of Cuba."Friendship against the USA"The Castro government reformed the economy and nationalized most of the companies owned by Batista supporters. 60% of agricultural land was transferred to peasants, the rest went to the state. The authorities began to control the turnover of currencies and trade. Residents of the United States were forced to pay 100% tax on luxury goods and 25% on minerals.In response, the U.S. government stopped importing oil to Cuba and reduced the sugar trade. An economic war has begun between the countries. Castro continued to nationalize American companies, and the United States imposed an embargo: they stopped trading with the Island of Freedom, and any country that provided assistance to Cuba fell under sanctions.The USSR took advantage of the situation. The Soviets gave the Castro government $100 million in loans at 2.5% per annum. Specialists in geological exploration, builders and the military were brought to Cuba. The USSR provided the new ally with equipment, weapons and agricultural products, and in return received sugar, coffee, minerals and representation in the Caribbean. During the period of active trade with the Union, Cuba's economy grew. In the 80s, the country began to build solar and wind power plants, recycle recyclables. Over 20 years of cooperation, Cuba has turned into an industrial and agrarian power. But its economy continued to depend on its "curse" – cane sugar.At the same time, the United States declared Cuba a "sponsor of terrorism" and tightened the embargo again. However, by this time the diplomats were able to establish trade with Latin American countries. Uruguay, Argentina and Venezuela became new partners."Island of freedom" without UnionCuba's economy began to collapse after 1991. Despite diplomatic ties with Latin American and Caribbean countries, the country was dependent on the Soviet Union and still suffered from US sanctions. When the USSR collapsed, the Castro government had to switch to economy mode: there was nowhere to bring equipment and cheap oil in exchange for local goods. The sugar industry became the basis of the economy again, but tourism began to develop in Cuba in parallel.The United States has adopted additional sanctions. Now foreign companies trading with the "disgraced" country were threatened with restrictions. In Cuba, there was a shortage of food and medicines, interruptions in the supply of fuel and spare parts for equipment. GDP began to decrease. During the three years of the crisis, it has decreased by a third. To compensate for the losses, Cuba was looking for foreign partners and investments. Three free economic zones were organized on the island and part of the trade bans were lifted. The government began to create a socialist economy with elements of market relations. State-owned enterprises have introduced self-financing.The first effect of the reforms in Cuba was felt in 2001. Up to this point, the country's economy was shrinking by an average of 3-7% per year, and after that it began to grow. The country has reduced the state monopoly on foreign trade and began to recognize cooperative, private and mixed forms of ownership. After 2010, the government allowed local entrepreneurs to work and introduced a progressive taxation system. Cuba began to actively trade with countries that were less dependent on America. In particular, Venezuelan President Hugo Chavez supplied up to 53,000 barrels of oil to the island daily, in response Cuba sent teachers, doctors and engineers to the new partner. By 2013, about 100,000 Cubans were working in Venezuela. One of the important sectors for the economy has become "medical internationalism". Local doctors started working all over the world.Hurricanes, COVID and new sanctionsCuba still continues to suffer because of the US blockade. The damage has already exceeded $104 billion. And taking into account the depreciation of the US currency — up to $ 1 trillion. After America imposed sanctions against Venezuela, Cuba's main partner began to have serious problems. They were reflected, among other things, on the Cubans. If earlier it was profitable to work in an oil-rich country, then after the Venezuelan crisis, this market almost closed. In addition, interruptions in oil supplies began.The country's economy was also affected by Hurricanes Dennis and Wilma in 2005, Gustav and Ike in 2008, Sandy in 2012. Each of them disabled infrastructure facilities, destroyed buildings and destroyed crops. The military had to deal with the consequences of natural disasters.Another serious blow was the coronavirus pandemic. Many medical professionals were working abroad when COVID was discovered in Cuba. And local doctors lacked medical equipment: there were many elderly people living in the country who were at risk. Officially, the country has coped with the crisis: it was able to introduce an effective system of protection against coronavirus, developed its own vaccines and started immunization. More than 5 million Cubans have been vaccinated against COVID-19. At the same time, the Cuban economy was in a precarious position: the flow of tourists dried up, and investment declined.Dinner for two for a month's salaryNow the "Island of Freedom" has a single currency – the Cuban peso (CUP). $1 = 23.98 CUP or 70-100 CUP at the "street rate". The authorities ask tourists to exchange American currency for euros in advance – banks do not accept and do not exchange USD.The average salary in Cuba for the last 4 years is about $33-45. At the same time:a kilogram of vegetables, a large loaf of bread or a bottle of water cost $0.5;a dozen eggs – $0.7;a liter of gasoline – $1;payment for communal services – $5-10;unlimited internet – more than $100 per month;dinner for two in a restaurant for tourists – up to $25;economy class car rental - $20;1 sq.m. of housing – from $1,500 to $5,000, in tourist areas – higher.Tourists and journalists who have visited Cuba note that it has become unprofitable to work in local industries. Most people live at the expense of relatives who have gone to work in other countries. It is enough to send $50-100 per month to provide for the family.Cubans themselves believe that the authorities have begun to resemble the "puppet government" of Batista. On the islands, "two parallel Cubes" coexist again: elites and Latin American businessmen live in luxury, and ordinary people are forced to live in shacks or sit on the necks of those who left the "Island of ...

Sports betting is already one of the most significant parts of online gambling, with many countries legalizing it. Nowadays, many sports betting sites provide players with different events to bet on, such as betting on March Madness, the Super Bowl, the UCL final, etc. Undoubtedly, online sportsbooks have made it easy to start placing bets on sports, but with the introduction of cryptocurrency and bitcoin, betting on sports online has become even better. So, here are six benefits you will enjoy when you participate in sports betting using Bitcoin.Improved SecurityWhen you bet using Bitcoin, you can rest assured that your money is secure and every transaction is safe. Since you do not have to use your bank details or card, you do not have to fear that your financial details will get into the wrong hands. Also, since Bitcoin is built on the blockchain, every transaction is saved, and you can always keep track of your payment. In addition, the blockchain is built with complex algorithms and high-end security techniques making it hard for hackers to get into the system. Betting AnonymouslyAnother benefit of using bitcoin is that you can do so anonymously. The blockchain network lets you send and receive money without sharing your personal information. So, if you want, you can find a fully decentralized sports betting site to join, connect your crypto wallet, and you are good to go. You do not need to provide a name, address, or other information. Once the sports betting site receives your money, you can start betting with your bankroll. Higher Deposit & Withdrawal Limits With bitcoin, you will enjoy a bigger limit. In most cases, sports betting sites have a maximum amount limit that you can deposit or withdraw. But the limit is almost non-existent with bitcoin. You can deposit as high as 5BTC at some crypto-enable sports betting sites. That way, if you are a high roller, you might want to try playing with bitcoin so that you can bet with larger amounts and, if you are lucky enough, withdraw massive amounts without hassle. Little to No Transaction FeesSome sports betting sites require you to pay transaction fees whenever you want to deposit or withdraw. However, most crypto-enabled sports betting sites do not require any transaction fee. You can deposit and withdraw as much as you like without having to pay a dime. That way, you can process large sums in a short time, and you would not lose much to transaction fees and the like.    Instant TransactionAnother top benefit of using bitcoin to bet on sports is that the transactions are done instantly. Once you complete the process and enter the correct information, the money will arrive at the intended destination in no time. Unlike fiat transaction that still needs to go through central processing, bitcoin transactions are not subjected to any reviews, and once the money is sent, it is irreversible. Compared to traditional payment options, when you withdraw with bitcoin, you can expect to get your funds within 24 hours. For deposits, within minutes, your account will be fully funded. Bigger BonusesSports betting sites with crypto options offer players more extensive and better bonuses. These bonus offers have changed the way we view the online gambling scene, as the limits are almost non-existent compared to the traditional bonuses we used to get. Moreover, players can now claim the bonuses with a higher deposit limit. So, if it is a match deposit offer, the bonus cash on offer would be more massive than the standard ones. For instance, you can get a 100% match deposit bonus of up to 5BTC, making it over $100,000 in bonus funds. Final NoteBetting with bitcoin is the future of online sports betting, and as crypto is continuously making waves globally, we expect to see more adaptation. As a result, you should start your journey to trying sports betting with bitcoin. If you are lucky enough, you can win big, increasing your bitcoin holdings and, in addition, reducing the risk that comes with the technology. Note that bitcoin is very volatile. If you are not fully aware of how it works, ensure that you learn about the technology before using it to ...

Crypto Casinos are becoming popular by the day. As it stands, you will find numerous online casino sites that allow you to deposit and withdraw using cryptocurrencies. Undoubtedly, there are many benefits of playing with crypto coins, and once you can get the hang of getting started, you won’t have any issues. So, in this guide, we will walk you through the step-by-step process of playing your first casino games using cryptocurrencies like bitcoin, ethereum, litecoin, etc.Find the Right CasinoThe first step to getting started online is to find the right casino. Doing this is tricky because numerous online casinos are available, making choosing difficult. In that case, you need to find a trustworthy platform that helps to list the right casinos. Or, if you have the time, you can learn how to spot the right casino by yourself. You need to know what to look for at any only casino to do this. The factors you should consider are as follows:License and certificationsSecurityPayment optionsBonusesGame CollectionCustomer ServiceMobile Gaming ExperienceOnce the casino is satisfactory in all of these aspects, you can proceed to the next phase in the getting started process. Create Your AccountOnce you have a casino in mind, the next step is to create your account. To do this, you need to enter the registration page. Not to worry, most online casinos make this easy to find. You can do this by locating the Join Now or Sign Up button, clicking on it, and going to the register page. You will see a form on that page, fill it with the correct information, and confirm your submission. Go to your email inbox to complete the verification process, and voila! You’re a member of the casino. Make Your First DepositWith your account created, you need to fund it. If you are lucky, you might get a no deposit welcome offer to claim, and you can skip this step to place your first bet. If that is not the case, you need to make your first deposit. This is usually easy to do if you choose a top casino to join. Simply go to the casino’s cashier tab, click deposit, select the payment option you want to use, and enter the amount you want to deposit. After that, follow the simple instructions to complete the deposit process. Claim the Welcome BonusAt most online casinos, there is a welcome bonus to claim. So, once you make your first deposit, you need to follow the instructions to claim the first deposit. You can always chat with the support team if you do not get the bonus automatically. They will work you through the process to get you your first deposit bonus offer. That way, you can kickstart your online casino journey with a cushion and not risk your bankroll. Go to the Casino LobbyWith your bet account fully funded and bonus cash available, you should head to the casino lobby to play your first game. Depending on the type of game you want to play, you can always click on the appropriate tab at the casino lobby. Select the game you want and start to play. However, if you do not have any game in mind, you can do a little research on casino games to find the one that fits your playing style. Or, you can just start with slot games. Withdraw Your WinsIf you are lucky enough to rack up wins, you can choose to withdraw your wins. The process is pretty straightforward. Go to the casino cashier page, click withdraw, enter the amount you want to cash out, pick a payment option, and complete the process. As a newbie, we recommend using the same payment method you used for your deposit for withdrawal. Final ThoughtsPlaying casino games online is undoubtedly fun. You just have to find the right place to start and follow the process. Once you do all of that, you will not have any issues, and you can win a substantial amount with luck on your side. But remember that gambling is luck-based, and winning is not guaranteed. So, never bet more than you can afford to ...

While some political or Wall Street pundits didn’t have the events over in Europe currently in their March Madness bracket, it was pretty clear to others that Putin was going to do as he pleases regarding Ukraine. The events in Europe have shaken the crypto markets to the core, causing both a crash and surge in 36 hours with cryptocurrencies.While there might be political ramifications for the people dropping the ball on this, the crypto market has seen this turmoil in Europe affect the value of some of the most well-known cryptocurrencies on the market. In what looked like a boxing match from a Hollywood movie, Dogecoin and Bitcoin looked to be down for the count on Thursday morning, but then much later in the day, both cryptos recovered most of their losses. In the case of Bitcoin, whale investors came in to buy the dip of Bitcoin’s price, helping it surge by nearly $4,000 from its low on Thursday.With the crypto market still in flux over the situation in Europe, there might be more concerns coming down the pipeline for holders of cryptocurrencies wanting to bet on BetUS. While a large-scale war could severely affect the crypto market, there are other factors that crypto enthusiasts might want to look at with crypto before making any moves. So what is it that should be looked at before doing anything with cryptocurrencies?Russia Has the Potential to Use Crypto to Evade Sanctions Against ThemWith cryptocurrencies being a decentralized form of currency for people, it brings into play something that countries have been talking about in regards to sanctioning Russia. The one sanction that has been on the table as a nuclear option against Russia is to ban them from using SWIFT, the international payments system.If countries do this, they fear that Russia will then go to cryptocurrencies to do business with allied countries, allowing both countries to avoid the sanctions that would be in place.While those fears have left countries hesitant to pull the trigger on a SWIFT ban on Russia, they have also brought up something that would affect more people than just those allied with Russia. That is the possibility of putting regulations on cryptocurrencies or outright banning them like there is in China.If there is a ban on cryptos by countries or even strict regulation regarding trading and ownership of cryptos, that can affect the crypto market more than what we have already seen. It can affect every aspect of daily life for those in Russia, whether they’re trying to communicate with loved ones or place a sports bet on BetUS.Regulation: The Issue That Can Hurt CryptocurrenciesTo anyone that doesn’t want the government involved in things, regulation is a dirty word that brings out fear in people that don’t trust the government to do the right thing. When it comes to cryptocurrencies, that word is even worse, as cryptos were created to be a decentralized form of currency for people to use with each other and with businesses. There are fears that if the government gets involved with regulations on cryptos, there could be assets seized or frozen based on false or misleading information.These fears have only been stoked more since the emergency powers order issued in Canada recently to end protests in Ottawa against government mandates on vaccines. Those orders required financial institutions in the country to examine and take action against customers involved with the protests, which led to people’s bank accounts being frozen. If there were ever a crypto regulation that allowed the government to have broad powers like that, it could spell disaster for those that are for free speech and limited government power.The Murky Waters for Cryptocurrencies in 2022While turmoil in Europe with Russia and Ukraine has affected the markets, there is still a lot left on the plate of 2022 that could keep cryptocurrencies on a downtrend. In May, the United States Federal Reserve is set to make an announcement regarding a digital dollar. With cryptocurrencies valued based on the U.S. dollar, some wonder if cryptos will still hold any value if the dollar goes to a digital format.While that announcement is months away, it could affect the value of cryptocurrencies after the announcement is made. That, along with the conflict in Europe and potential crackdowns on cryptos, can hurt crypto’s chances for a good ...

The last working day of the week was again marked by an increase in volatility in the crypto market. However, this time the BTC quotes did not fall, but on the contrary grew: the value of the main digital asset increased by 12%. However, you should not be overly optimistic, since such a movement still fits into the current downtrend and, most likely, after the removal of stops, the “bearish" dynamics will continue.Despite the turbulence, the funds continued to invest in promising crypto projects. As before, the most popular topics were NFT and games. The browser-based metaverse Sidus Heroes, where players are invited to travel around the universe and earn native tokens for completing missions, has attracted $21 million. The developers focus on the fact that their game can be run in any browser without loss of image quality and other characteristics. According to the announcements, players will be able not only to pump the player and complete missions, but also to equip their own territories, where, for example, they will extract useful resources. In addition, political life should also become saturated: residents of the metaverse will be able to defend the interests of their races and parties.An infrastructure platform for institutional investors who want to both participate in cryptocurrency transactions and use the capabilities of DeFi, Qredo received $80 million — the largest amount of money received under Series A. It includes, among other things, a native Layer 2 protocol that allows you to reduce time and money costs. Among the investors are Coinbase Ventures, Avalanche and ...

Cryptocurrencies are definitely not an investment for everyone, but by choosing them, you can win financially. But first make sure that you have the means for unforeseen situations.Any money that is invested in cryptocurrencies should be perceived as already lost. This does not mean that these losses are guaranteed. But if such a possibility exists, then you need to make sure that there is a financial "safety cushion" in case of unplanned expenses. It should be enough for at least 3 months. If there is no free money available at the right time, then a situation may arise when it will be necessary to urgently sell your crypto assets in order to pay off debts.Also, when choosing digital assets, you need to explore your opportunities in this market. Although there is more pressure on specific crypto assets than on others, there are thousands of coins that can be added to your portfolio. So it is not necessary to agree to bitcoin at all. Perhaps a much less popular currency will be more suitable for investment.In addition, you need to understand your risks. There is no such thing as a risk-free investment. Even bonds, which are traditionally considered a "safe haven", can present unpleasant surprises in the form of financial losses. And cryptocurrencies are known to everyone as one of the riskiest investment tools.The reason? The crypto market is more volatile than other trading platforms. In addition, some markets are already more than 100 years old, and the "oldest" bitcoin cryptocurrency has only recently exchanged a dozen years. And it is not yet clear how long it will last. Recently, more and more countries have imposed restrictions on operations with crypto, and, as a result, this currency is becoming less attractive in the eyes of buyers. And the latter can significantly affect the value of such assets.And finally, you need to make sure that this type of investment fits into the chosen investment strategy. Someone buys a crypt in order to immediately resell it and exit the asset with a "quick" profit. And there are those who save up for retirement in this way. Therefore, first you need to understand what goals you want to ...

Bitcoin is predicted to be the currency of the future. Decentralization, anonymity, deflationary properties - these are the main "trump cards" of this digital currency. But the high volatility of the bitcoin price gives many the impression of the speculative nature of this instrument. Hence the skepticism towards all forecasts for the future. But is the nature of bitcoin's price fluctuations really just speculation?Bitcoin Price ChangeIf you look at the bitcoin chart, we will see epic ups and impressive downs. To an outsider, it may seem that there are no patterns at all. Moreover, many investors in traditional assets (stocks and bonds) are afraid of cryptocurrencies precisely because it is impossible to analyze long-term fundamental indicators and on their basis assume the long-term dynamics of the project and the dynamics of the exchange rate.However, if you dive deep into the essence of bitcoin as a project, as well as study the history of its quotes, it becomes clear that 3 key factors affect bitcoin quotes as well as the quotes of any stock:Fundamental factors.Speculative factors.Macroeconomic factors.But before determining these factors, we will dive into the history of quotations with you and see what pushed bitcoin up, and because of what it fell throughout its history.If you are interested in Bitcoin analytics, we recommend you to visit the analytics page, where you can find the latest analytics on Forex from top traders from all over the world. These analytics will be useful both for beginners and professional traders. The Forex signals service makes it much easier for beginners to make their first steps in trading on the financial markets. The latest Bitcoin forecasts and signals contain support and resistance levels, as well as stop-loss levels. Why Bitcoin is GrowingLet's start with the history of bitcoin. Bitcoin appeared in 2009. The life of bitcoin began with the manifesto of a certain Satoshi Nakamoto, in which he described the key concept of the blockchain and bitcoin mechanism. But bitcoin did not become a currency right away. The first transaction involving bitcoin was the purchase of 2 pizzas for 10,000 bitcoins in May 2010. If we assume that 1 pizza cost $10, then bitcoin in this transaction was accepted at the rate of $0.002 per bitcoin. By the way, the bitcoin record chain contains all transactions and we can easily see this legendary transaction by the link. Today, with a bitcoin exchange rate of about $40,000, that pizza can be recognized as the most expensive pizza in the world, since in 2022 10,000 bitcoins is about $400 million.What is pushing and pushing Bitcoin up? Let's follow the history.18.07.2010 - The first Mt.Gox crypto exchange was launched, and bitcoin gained its first quotes.09.02.2011 - Trading is rapidly gaining popularity among enthusiasts and programmers, and bitcoin quickly reaches the rate of 1₿ = $1.15.11.2012 - Wordpress blogging site starts accepting bitcoins as payment and declares it as a new level of freedom. Now everyone can publish their thoughts and pay for a subscription regardless of the regime in their country, since bitcoins are available to everyone and everywhere. The bitcoin exchange rate reaches $11.18.11.2013 - Hearings on bitcoin in the US Senate on a high-profile case on the sale of prohibited goods for cryptocurrency. But at the hearing, an important statement was made that the sale of prohibited goods is certainly evil, and it should be punished by law, and bitcoin is innovation, and it would be wrong to ban them. The crypto community regards this as the first step towards the legalization of cryptocurrencies. The bitcoin exchange rate is growing from $200 to $1,163.13.10.2015 - On the front page of the authoritative magazine "The Economist" there is an article about bitcoin "Trust Machine". Bitcoin is growing by 31% in a month and then gradually moving up.In 2017, the real boom began!01.04.2017 - Japan recognized bitcoin, and immediately the quotes rose by +300%01.08.2017 - There was a so-called fork of bitcoin. The division of the currency into 2 chains as a result of the code update. At the same time, users remained with the old currency, and they were also credited with a new one – BitcoinCash. Quotes increased by +30%.31.10.2017 - The Chicago Stock Exchange announces the launch of bitcoin futures. Quotes are growing by + 200%.09.04.2020 - The first public bitcoin fund listed on the Toronto Stock Exchange is launched.08.11.2020 - The business analytics giant MicroStrategy announced that it acquired 21,453 bitcoins (BTC) for $250 million.03.23.2020 - Bitcoin rally on the Fed's QE along with a rally on tech companies.30.07.2020 - The American regulator gives the "green light" to banks for cryptocurrency storage services.08.10.2020 - Square (now Block, Inc.) buys $50 million in bitcoins.21.10.2020 - PayPal introduces bitcoins and cryptocurrencies into its wallet.12.18.2020 - Coinbase is preparing an IPO.Read more When Bitcoin appeared: telling the story of BTCTo summarize, we will see that the growth of bitcoin is influenced by the following factors:The recognition of bitcoin by various institutions from private companies (from Wordpress in 2012 to Tesla in 2021) and states (Japan, El Salvador, etc.).Technological development and infrastructure development around bitcoin (the emergence of more and more exchanges and marketplaces, the development of wallets, etc.).The penetration of bitcoin into the financial industry and the recognition of bitcoin by traditional financial institutions (the emergence of bitcoin futures, funds, etc.).Why Bitcoin is FallingAnd now let's go back to the history of deep drawdowns in the price of bitcoin to understand the patterns and draw conclusions about the similarity of the reasons.05.12.2013 - China banned financial institutions from using bitcoin. The drop was -30%.09.03.2017 - China banned ICO, and quotes showed -30%.12.28.2017 - South Korea threatens to close cryptocurrency exchanges, quotes are flying down by -25%.26.01.2018 - Japanese exchange CoinCheck stops withdrawing funds after hacking.30.01.2018 - Facebook (now Meta) has banned all ads promoting cryptocurrency. Bitcoin quotes in January 2018 fell -26%.12.05.2021 - Tesla suspends payments in bitcoins against the background of environmental problems, and bitcoin quotes in May fall by -35%.All these points can also be found on the charts above. As we can see, the key bitcoin drops are caused by:Technical problems in the development of infrastructure (hacking exchanges and wallets).Legislative restrictions and attempts to introduce such restrictions (China, South Korea)The refusal of major players from bitcoin for one reason or another (for example, Tesla).Read more: When to buy Bitcoin. A few tipsFundamental Factors Influencing BitcoinSumming up the factors that influenced the growth and fall of bitcoin in a cardinal way, we have identified key fundamental patterns. Everything that develops the bitcoin network and contributes to the influx of new users (legislative recognition, recognition by financial institutions, infrastructure development, growing popularity among the population and companies) leads to a long-term growth of the bitcoin exchange rate. And, conversely, everything that negatively affects the development of the network as a whole (legislative restrictions, technical bugs leading to hacks and hacker attacks, the rejection of bitcoin by major market players) leads to a drop in the price of bitcoin.For 13 years, the recognition of bitcoin is not going fast: periods of rise are replaced by periods of fall. The period of the fall is called "crypto-winter". For example, in 2017 there was a bright boom, then from 2018 to 2020 there was a real crypto winter. But during this period, the development of technologies and infrastructure continues, the identified shortcomings of the network are being eliminated, which contributes to a new round of growth, and so on, cycle after cycle, bitcoin has already gained 40 million users worldwide. 40 million. this is a whole big country!The result is one: the more users bitcoin will have, the higher the price will be.Why is that? Because bitcoin has one important difference from traditional currencies. Its issue (that is, the number of coins) is physically limited by the program code at the level of 21,000,000 bitcoins.In addition, one more important factor should be added to the limited issue - lost bitcoins are not restored. At the dawn of bitcoin's existence, when it cost a penny, the attitude of many owners towards it was negligent, which led to the loss of bitcoins. Currently, 20% of bitcoins are among the "lost" ones. In fact, this volume has been withdrawn from circulation.So, everything is very simple. The more network users there are, and the more capital they invest in bitcoins, the more expensive each individual bitcoin will be, since its quantity is known and limited.So with the capitalization of the entire network of 1 trillion. and with 20 million bitcoins in circulation, the price of 1 coin will be $50,000. If there is an influx of users into bitcoin who invest another 1 trillion, then the capitalization grows to 2 trillion, and the price of 1 coin grows to $100,000.Based on this mathematics, the well-known investment fund ArkInvest has made a certain model according to which the price of one bitcoin by 2030 can reach $1.3 million, and the capitalization is $28 trillion.Read more: What is Bitcoin Core? A simple guideAccording to this model, several hypotheses have been put forward:1. Due to the instability of the traditional financial system and the need for alternative assets that are not associated with either the governments of specific countries or specific companies, many financial institutions will pay closer attention to bitcoin and other cryptocurrencies. Next comes simple math:If only 2.5% of the assets of investment funds go to bitcoin, then its capitalization will add $4.1 trillion.If only 1% of the national gold reserves (gold-currency reserves of countries) is invested in bitcoin, then its capitalization will add $3.8 trillion. (after blocking the reserves of the Russian Central Bank, such a scenario already looks far from nonsense, but quite a logical step).If only 5% of the capital of the richest people in the world is directed to bitcoin, then this will add another $4 trillion. to capitalization.If only 5% of the savings of the largest 500 corporations from the S&P500 list are invested in bitcoin, this will increase its capitalization by $4.2 trillion.2. The instability of national exchange rates in a number of developing countries encourages the population to resort to cryptocurrencies as a real substitute for money. For example, the state of El Salvador has accepted bitcoin as a legal tender, and in Argentina and other South American countries cryptocurrencies are very actively used as an actual alternative to the cheaper national currency.If 10% of the money supply of developing countries goes into bitcoins, this will add another $2.8 trillion to its capitalization.3. Bitcoin can become an analogue of the new digital gold. That is, a kind of alternative to traditional gold, which traditionally acts as a protective asset when markets fall.If bitcoin takes 50% of the capitalization of gold, then its capitalization will grow by $5 trillion.4. Bitcoin can take over part of the economic calculations, including in developed countries, as many people do not want to work with intermediaries in the face of banks due to the gradual loss of confidence in the traditional financial system.If 25% of the volume of bank settlements in the United States goes into bitcoins, this will increase its capitalization by $3.8 trillion.We have no reason to believe this forecast or any other forecast in principle, since no one knows the future. But some points of the forecast sound very logical and have a basis already now. For example, the growing use of cryptocurrencies in Latin America due to inflation in the national currencies of Latin American countries. Against the background of the now growing inflation in all countries of the world, there is something to think about.The beauty of such mathematical modeling is that we can adjust the forecast ourselves to the situation that seems more plausible to us. For example, even if only 10% of the forecasts voiced above come true, then this is an increase in the capitalization of bitcoin of not $27 trillion, but $2.7 trillion. But this is also a lot, and this means an increase in its price by almost 3 times in 10 years. Do you know many currencies that are growing in price and do not have inflation?Read more: How Bitcoin WorksSpeculative Factors Influencing BitcoinBy speculative influence we mean the influence of non-fundamental events, such as the publication of tweets, meme news, etc.For example, in June 2021, Elon Musk tweeted a heartbreak emoji and the hashtag #bitcoin. As a result, the quotes fell by -6%. This is a vivid example of speculative influence.There are a lot of speculators in bitcoin, so prices are very volatile and can easily change by 20-30% even on mildly significant events and news. At the same time, a large amount of speculative capital creates high opportunities for both short-term traders and long-term investors, who can always find excellent entry points for long-term investments. It is also for this reason that technical analysis works perfectly in cryptocurrencies (you can learn more about technical analysis in our articles under the tag "technical analysis" or take a full course that allows you to find anomalies in the market and see the turning points and reversal of short-term trends).Macroeconomic Factors Influencing BitcoinGlobally, bitcoin is still a risky asset, the same as, for example, fast-growing high-tech companies or venture investments, and, of course, attracts risky capital. At the same time, the share of long-term "long" money in bitcoin is much less than, for example, in gold or conservative instruments such as bonds. And as we saw above in the forecasts, the influx of "long money" funds and states from bitcoin is still ahead.Therefore, bitcoin, like any other risky asset, participates in the global flow of mobile capital, and the price of bitcoin is still as sensitive to global events as stock markets and other risky assets, since the share of risk capital in bitcoin is large. We can observe this relationship by the example of a close correlation between the bitcoin chart and the Nasdaq index (shares of high-tech companies).Source tradingview.comFor example, in the spring of 2020, both Nasdaq and bitcoin had a rally based on the "printing" of money, which mostly went to the market. Of course, they went into stocks and cryptocurrencies, since bonds gave zero returns.In 2022, we are seeing the opposite trend: the growth of the Fed and Central Bank rates around the world leads to an increase in yields in conservative instruments such as bonds. This means that part of the capital flows out of risky assets into more conservative ones with guaranteed returns.ConclusionSo, we have analyzed the main factors influencing the price of bitcoin. Depending on what investment horizons you have (trading or investment), those factors are worth paying attention to. That is, if you have purchased bitcoins for several years, relying on the pace of development of its infrastructure, and expect an increase in the network and an influx of new users, then you should not pay attention to Elon Musk's tweets. If you plan to speculate, it is better to prepare and study technical analysis.Read more: Bitcoin on a flash drive? How to store cryptocurrency ...

Working with virtual currency is somewhat different from conventional trading and has a number of advantages and disadvantages. Having completed training in cryptocurrency trading, you can eventually make a profit incomparable with that offered by many popular types of online earnings. However, starting such an activity, you need to be prepared for losses, especially on the first pairs. If you start working without understanding the intricacies of financial market analysis and using only price movement indicators, trading on cryptocurrency can become a real disaster. To minimize such an outcome, it is important to understand how the cryptocurrency market works and what factors should be taken into account in their activities.Types of cryptocurrencies and their featuresDue to its features, cryptocurrency is a popular tool for trading and exchanging virtual money. Crypto trading courses allow beginners in this field to understand how to make money on this type of currency and increase the available capital. To understand the basics of trading cryptocurrencies, it is worth first considering their features and varieties:Bitcoin is an independent currency that is not controlled by any country in the world. Those who want to understand where to start trading cryptocurrencies should clearly understand what bitcoin is. The exchange rate of this currency is influenced by any facts and actions taking place in the global economy, so if there is a crisis somewhere, it can be unequivocally stated that the bitcoin exchange rate will change.Ethereum is a decentralized computing platform created on the basis of its own blockchain. Its work is based on complex smart contracts. The currency of the same name is traded on exchanges, is used inside the system and allows you to transfer virtual money cheaply. The adaptability of Ethereum makes it an indispensable tool for blockchain applications.Litecoin is a popular digital currency created on the code base of bitcoin. The advantages of Litecoins include its high liquidity, as well as the ability to mine cryptocurrency. It is faster than bitcoin and has a large number of algorithms, which makes Litecoin easy to use.Monero is a currency based on the CryptoNote protocol, which ensures maximum security and confidentiality of transactions. CryptoNote does not allow you to trace transaction blocks, thanks to ring signatures that exclude such a possibility.In addition to these, there are other options. Most of them are an attempt to capitalize on demand and attract new investors. Learning how to trade cryptocurrencies will help you figure out which ones are worth paying attention to, and which ones are better left aside.The price of cryptocurrencies is highly variable. This creates favorable conditions for trading and allows you to quickly earn impressive capital by closing only a few successful transactions. But the risks in this direction are much higher. To do this, you need to clearly understand the intricacies of the process and spend some time on training. We highly do not recommend "stuffing bumps" on your mistakes. A good course will save a few lost deposits.Read more When Bitcoin appeared: telling the story of BTCCryptocurrency trading strategies allow you to trade around the clock. There are no time-limited exchanges here, and there is no centrally set exchange rate either. This situation creates ideal prerequisites for earning money, and cryptocurrency trading lessons will help to understand the intricacies of the process.How to invest in cryptocurrencies with the least risk?Training in crypto trading helps to place investments correctly and understand how not to lose the invested funds. If you decide to start crypto trading from scratch, you should use simple tips that will help you save your invested money and increase it as much as possible:Control the size of the investment – you should not invest more than you are willing to lose.Invest not only in Bitcoin. There are a lot of virtual currencies on the market that also have a certain value. It is better to choose 3-5 options at the same time, so you can insure yourself if one of the types of crypts suddenly subsides. Among successful traders there is an unspoken rule "do not put eggs in one basket" – follow it and you.Use hedging. To minimize price risks at the time of opening a position in one market, open an equal, but opposite-directed transaction in another. Precious metals and stocks of stable companies will be a great help and reduce the risk associated with investing only in crypto assets.Learning to earn money on cryptocurrency will help you understand the subtleties of the process and minimize actions that can lead to the loss of invested funds. In any case, this is just the beginning of the way, but having figured out how to learn how to trade on the cryptocurrency exchange, you will be able to develop your own strategies in the process that can protect you from the loss of invested capital.Read more: Everything you need to know about Ethereum (ETH)The basics that a trader cannot do without.Learning to trade cryptocurrencies from scratch begins with an analysis of the basic concepts, without which it will not be possible to do in the future.Among the key aspects , it is worth highlighting the following:Cryptocurrency. This is the name given to the form of electronic money, for the storage of which not centralized accounts are used, but a blockchain network. Cryptocurrencies are variable – some are quite popular and cause increased interest among traders, others have only recently appeared and should be treated with caution. No one knows how this or that currency will "shoot" over time. For example, those who were not afraid to invest in bitcoin at the dawn of its formation, managed to "raise" about 800% of profits in just a year.Block. Every operation that takes place on the bitcoin network is recorded in a 1 MB file called a block. We can say that this is a kind of registry that contains information about the last few transactions made on the bitcoin network.Blockchain. This is a virtual database in the form of blocks containing data on the number of coins stored in the account and transactions with them. The information that is recorded in the blockchain is either a list of transactions or a time frame for registering wallets. You can view the necessary information at the wallet address, if it is known.Trading cryptocurrency on the stock exchange is an exciting business, but not as simple as it may seem at first glance. Therefore, before you start, you should learn as much as possible about the process and undergo special training.Read more: What is Litecoin?Why do I need to learn cryptotrading?Newcomers to the world of cryptocurrencies often do not think about how much they need to know and take into account in their activities so that trading on the stock exchange brings profit. Studying cryptocurrency trading for beginners, you can understand:what are the different types of crypto trading and identify the pros and cons of each of them;how and what can be traded on the crypto exchange;what kind of profit can you get in the end, and how to achieve it;how to effectively manage the invested capital so as not to burn out;risk management rules;what is the difference between short-term and long-term trading plans, and how to make each of them.After taking courses under the guidance of an experienced trader, you will be able to understand what stage the cryptocurrency market is at at the moment and how to determine with the greatest probability what will happen next. This knowledge will be useful not only for beginners, but also for those who already have minimal experience in working with the crypt.Read more: Crypto wallet: the most important & practical tipsHow to start studying cryptotrading?Earning on cryptocurrency does not require large investments of time and money, but to get started, you will have to undergo special training.Please note that cryptocurrency is a high-risk asset. The level of risks is incomparable with trading, for example, on stock exchanges.It is best to use the help of professionals, because each cryptocurrency trading course has its own characteristics.Based on their professional experience, successful traders create their own and adapt existing strategies taking into account current trends. After completing a good course of study, beginners receive a detailed "roadmap" that allows them to start their own path in the world of cryptocurrency trading from beginner to pro ...

Cryptocurrency is gaining popularity today. Including among scammers. For example, in 2021, they stole $7.7 billion worth of cryptocurrencies. The main problem is that there is no clear and understandable way to protect the investments of crypto investors yet. This applies to both Russia and other countries. Therefore, the rescue of drowning people becomes their own business: the investor needs to know how to protect their money and what to do if they are still stolen.How is cryptocurrency usually stolen?There are several of the most common ways:Abduction from a crypto wallet;Theft when using the exchanger;Hacking the trading platform;Phishing;Financial pyramids.Phishing is a favorite method of kidnappers. Scammers use fake sites similar to the sites of exchanges or exchangers. If an investor enters data there, fraudsters get his personal information and access to digital assets. Therefore, try not to go to suspicious sites, do not open questionable messages.Crypto exchanges that store their users' data may also be attacked. Sometimes the exchanges themselves commit thefts from the owners' digital wallets.How to protect yourself?In order not to think about how to return the stolen, it is better to take preventive measures:Do not store all cryptocurrency in one place;If your assets are on the exchange's accounts, then take care of creating an additional crypto wallet;Hardware or paper wallets are better suited for storing a large amount of cryptocurrencies;Carefully approach the choice of an exchange or an exchanger. Before making the first transactions, check the information about the counterparty. Conveniently, this can be done in CoinMarketCap;Work only with proven players of the crypto market, for example, with Coinbase (COIN) or Binance (BNB);Take care of protecting your PC. Install an antivirus and use only a secure internet connection.Performing these simple actions will significantly secure your crypto assets.Read more: Crypto wallet: the most important & practical tipsWhat should I do if the money has already been stolen?This is a sad situation. There is a chance to return the lost cryptocurrency, but it is insignificant. After all, there is no well-developed legislation in the cryptosphere, nor ways for law enforcement agencies to solve crimes.What is still recommended to do:Record as much information as possible: correspondence with scammers, screenshots of the site. This will allow you to identify the fraudster and, possibly, prove his guilt in court.If you notice the theft of funds from one of your wallets, freeze all the others or promptly change passwords.Contact the exchange to identify the thief. If the money was not stolen from the exchange, then you can use blockchain block browser services, for example, Chainalysis or Crystal.Do not rush to file a police report. It is better to seek help from lawyers.But the most important thing is to approach with caution questionable projects offering to invest in ...

Blockchain technologies are penetrating our lives, increasing efficiency in various sectors - from games to financial solutions. According to forecasts, the number of users of these solutions will reach 1 billion by 2024, outstripping the growth rate of the Internet at an early stage of its development.Who will benefit from this? And will these companies become future Internet giants?Blockchain is the new Internet of the futureWe live in an interesting time, we see how the cryptocurrency market is developing, what is happening with bitcoin - all this continues to arouse interest among both investors and ordinary people. For example, at the end of October, a landmark event took place — the first bitcoin futures ETF was launched in the United States. The importance of this event lies in changing the attitude of the regulator to the topic of cryptocurrencies: after the adoption and approval of such instruments, it seems to us, a faster institutional implementation and application of the cryptocurrency market will begin. Institutional money has been looking at this market for a long time, but there were no tools that would allow it to be done.We would like to highlight what is developing in the shadow of the cryptocurrency market: the emergence of a large number of infrastructure companies, which, in fact, will be the main beneficiaries of the development of this market.Let's turn to the example of the development of the Internet industry. The Internet was launched in 1984 - and it is unlikely that at that time people imagined how much their lives would change in connection with this introduction. Thanks to the development of technology, the world has become much more connected, information flows have become instantaneous. The development of Internet networks has led to the emergence of such giants as Amazon and Netflix, which for decades have invested money in infrastructure development, in the development of the user base. Now we see that such companies are the main beneficiaries of the emergence of a new market.Why is this important? If you look at the 1980s, at the market capitalization, then the companies that were in the top were very different from those that we see now. Perhaps we should pay attention to what is currently happening with the introduction of blockchain technology in order to understand how the market will change in 5-10 years and which companies can become the main beneficiaries of this development.The introduction of blockchain follows similar trajectories, but at the same time it is ahead of the development of the Internet: the number of users of this technology has already exceeded 100 million. According to expectations, this figure may exceed 1 billion in 2024, and approach 4 billion by 2030. This means that products based on this technology are becoming mainstream. After some time, the use of these technologies will become as routine as, for example, reading news on a smartphone.Read more: Blockchain technology: how it works and where it is usedThe introduction of blockchain technologies, it seems to us, will happen faster than the introduction of the Internet. This is primarily due to the fact that the Internet required the construction of networks, and this is a rather long and capital-intensive process. What is happening in the blockchain segment is largely based on what has already been done on the Internet — these are the basic things that will serve to quickly popularize the technology.The rapid influx of capital into various segments of this market only confirms the fact that the development of blockchain technologies will be rapid. If we look at one of the main market segments - DeFi (the segment of decentralized finance), we see that the amount of capital that was in this segment a year ago was small - several billion dollars. Today, the volume of this industry is more than $ 200 billion: literally in a year there was a huge flow of capital, as products appeared in demand on the market. The movement of capital, the scaling of projects is faster, because there is no need for such an expensive development, as was the case with the Internet.I would like to highlight three key driving forces that we are currently seeing in the industry. The first, as we have already noted, is institutional adoption. The other two are the DeFi and NFT sectors.What is DeFi?Centralized finance is what we use every day: the banking sector, exchanges, depositories, clearing houses. But if we look at the traditional exchange, we will see that the connection of the buyer and seller occurs through many intermediaries: this is clearing, the exchange itself, the depository, everyone has to do their part of the work. All these processes are very time-stretched.How could we implement this on blockchain technology? There is also a buyer and a seller here, but only the program code connects them, which ensures that everyone gets what they wanted. Blockchain is an open and transparent technology, therefore, trust in the system and independence are increasing (we are removing intermediaries). The speed also increases, because there is no need to conduct as many transactions as in a centralized system.The blockchain network already has analogues of banks, decentralized products based on derivatives, and products that help in asset management. That is, we see a copy of what is in the centralized financial system, but with the advantage that the industry receives using blockchain technology.Read more: What is decentralized finance DeFi?What is NFT?NFT (Non-Fungible Tokens) is a cryptocurrency token, indivisible and unique in nature, which allows you to assign uniqueness to digital objects. If in the past the main value of an art object was an expert assessment of the originality and signature of the author, then how to consolidate the value and authorship of an object created in digital format? After all, a digital copy is much easier to make.Here the NFT technology comes to our aid. First we create a digital object, and then we create an NFT token and bind it to the object. Thus, we say that the one who has the token owns the original, and if I want to transfer ownership of the object, then I transfer the token.This technology is also used in the gaming industry: the NFT token gives the player full ownership of game items, as well as the opportunity to influence the decisions of the company, which translates into a better understanding of the needs of the audience.When blockchain is introduced into the gaming industry, it changes the rules of the game. First of all, we can turn an item in the game into an NFT token, that is, into a record in the blockchain, which we can then use outside the game. For example, I played a game, got a token, and now I can go to the site outside the game and sell it.That is, firstly, we transfer the value in the game to the player himself, and secondly, the investor and the player are united into one entity. If we look at the game in the blockchain, we will see that the token that represents the value of this game is also used in the game itself. And it is also an investment tool in order to get exposure in the profits of this game. It turns out that the player has the right to vote on where the game will develop in the future.Let's look at these three points (institutional adoption, DeFi and NFT) with concrete examples.How does institutional adoption happen, and what kind of infrastructure is being built at this moment?As you remember, until 2018 (when bitcoin soared to $ 20 thousand), the main players in the market were either retail investors or small funds. After 2018, many major players began to enter the market, and its institutional adoption appeared. But due to the lack of infrastructure that would help large capital enter such an unstable market, there were problems of insufficient liquidity, opacity of where it is safe to buy cryptocurrency. In the future, these moments began to develop very rapidly.Consider, for example, the question that a large investor faces: where to buy, sell and safely store cryptocurrency? One of the leaders of this market is Paxos, a platform that allows you to safely carry out asset purchase and sale transactions, cooperates with key payment systems (Interactive Brokers, PayPal, Bank of America), many of which are also Paxos investors. We see that with the increasing adoption of this technology, the volume of transactions is also growing.The next task that the investor faces is where to safely store cryptocurrency. This issue is especially important because, unlike the assets of the traditional financial sector, the loss of access to an asset in the blockchain is an irrevocable process. Therefore, now there are companies that are focused on safely storing bitcoin and other cryptocurrencies. Key investors - Sequoia Capital, Ribbit Capital, Stripe, who have proven themselves successful deals, are starting to invest in companies of this kind.Since 2019, the share of the custodial segment (cryptocurrency storage) it has grown from 3% to more than 10%. This suggests that institutional players are coming to the market and making it less volatile and more transparent.Finally, the third issue facing the investor is the payment of taxes. In the cryptocurrency industry, it is significantly complicated by the fact that there is a possibility of cross-buying / selling: if we take cryptocurrency A, we can safely switch to cryptocurrency B, bypassing the cache. Or, for example, to become a liquidity provider, again, without going into the cash. The need to calculate the tax base has led to the emergence of companies that help solve the problem of administering a complex system of taxation of transactions with cryptocurrencies.Read more: What is NFT and why are they worth millions?Leading companies in the NFT and DeFi sectorsAs we have already said, NFT technology allows you to secure ownership rights for the creator of a creative object. The question often arises how to transfer this NFT token. As a result, certain marketplaces appear that allow such transactions to be carried out. The leader at the moment is OpenSea - the largest NFT trading platform with more than 300 thousand users and a total trading volume of $4 billion.The revenue that this site received in the last quarter amounted to about $409 million. This is a cosmic sum for a company that was estimated at $1.5 billion in the last round of financing this summer alone.And here is an example of a company from the DeFi sector. Recall that this technology does not create something radically new, but rather modernizes an existing one. When we talk about products - analogues of banks, exchanges - then all these products are built on some kind of blockchain platform. The leader among them is Ethereum: it occupies approximately 66% of the market. When we say that everything is expanding, we understand that the Ethereum network is becoming overloaded, processes are slowing down, and transaction fees are increasing. How can this be accelerated? There are companies such as Offchain Labs, a leader in accelerating and reducing the cost of transactions inside the largest blockchain platform of the Ethereum system. There are quite a lot of such companies, which, in turn, opens up new opportunities for the development of the entire ecosystem as a whole.The second direction in the NFT sector, which we also mentioned, is gaming. When we look at the entire gaming industry, we see that it is now developing at such a pace that it is ahead of both the music industry and the film industry. According to forecasts, this gap will only increase. NFT allows you to change the economy that is in the game, and companies that help game developers change the old look, give more control to players, will certainly be appreciated. Now we see players like Forte on the market, which is already estimated at $1 billion.Quite advanced funds see a trend change taking place in the gaming economy and see that companies helping to move from one economy to another, to help developers of the traditional gaming industry implement blockchain in their games, win. They will be in demand, which will help the industry adapt this technology faster.What are the risks of blockchain and cryptocurrency?Of course, this is a high-risk segment, primarily because it develops in a certain regulatory vacuum. The further actions of the regulator will determine how consistently the industry will develop.We see different approaches to this issue: following the example of China, where the main focus is on bans and, possibly, on the release of state infrastructure and cryptocurrencies. The second approach is the American one, where the regulator allowed bitcoin futures ETFs to be traded on the exchange. This approach is based on civilizing what is there and using it for the benefit of society. Also, quite recently, the declaration of income from bitcoin was made mandatory in the United States, and such a company as Taxbit helped to make about two million declarations by the end of last year. It is expected that by the end of this year there will already be about 50 million tax returns. This means that 50 million households in America have such assets.The main conclusion is that with so many users in the blockchain segment, most likely we have passed the point where this industry could be banned. But this does not mean that the regulator will not do anything to prevent the development of this industry in the right direction. I think this is the main risk: the tough approach of the regulator can affect both the cryptocurrency market and the infrastructure market. Although, in any case, infrastructure will be the main beneficiary of the development of this entire ...