Analytical Reviews

Bekommen Sie die neuesten wirtschaftlichen Nachrichten von ForexMart, einschließlich Updates aus Finanzmarkt, Zentralbankpolitiksankündigungen, finanzielle Indikatoren und andere relevante Nachrichten, die die Branche beeinflussen können.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Experts: further crypto rally is limited


April, 01 2022
watermark Economic news

Specialists of the investment bank JPMorgan believe that the value of cryptocurrencies has limited growth potential, since the share of stablecoins in relation to the general cryptocurrency market is falling: instead of 10%, it is already 7%. Stablecoins are treated here as cash that can be used to buy cryptocurrencies.


The current BTC quote is $45,428.30, while the price of Ether is $3,339.95.


The bank noted the recent rally in bitcoin and ethereum, which began in early March. The driver of growth was the assumption that under the current conditions of sanctions against Russia, cryptocurrencies will be used more widely. Because they can bypass the traditional banking system, as they are not tied to or dependent on any government.


Now, however, the cryptocurrency rally is coming to an end as stablecoins are rapidly declining their share of the cryptocurrencies. In early March, Bitcoin and Ethereum were up over 30% from their February lows. However, since then, the share of stablecoins in the total cryptocurrency market capitalization has fallen to 7%, which returns the market to the trend of 2020.


hinterlassen

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.