Category: Trading News

Bitcoin Is Trading Surprisingly Well After Another Round Of SEC Rejections

As the Wall Street Journal reported, the Security Exchange Commission rejected nine separate bitcoin-based exchange trade funds yesterday. The rejection of the Direxion application can be found here. Given the hype surrounding bitcoin ETFs and the importance ETFs seems to play in the recent rise in price, I’m surprised how stable prices are after the news, according to Coindesk. I expected to

Ripple’s XRP and Ethereum Drop Double Digits in Huge Cryptocurrency Sell-off

Bitcoin is struggling but cryptocurrencies known as “alt-coins” were faring much worse on Tuesday. XRP and Ethereum both dropped by more than 12 percent and the entire cryptocurrency market lost $19 billion in 24 hours, according to CoinMarketCap.com. “The crypto market seems to have hit panic mode,” says Matthew Newton, analyst at global investment platform

Trump a Bigger Threat to Markets Than Turkey, NAB’s Attrill Says

The EM contagion will be swamped by the ongoing trade spat Emerging-market risks loom, sees selling opportunities ahead  U.S. President Donald Trump’s trade war is a bigger threat for emerging-market currencies than Turkey’s deepening economic crisis, according to Ray Attrill, National Australia Bank Ltd.’s head of foreign-exchange strategy. The trade spat escalation will dwarf