Analytical Reviews

Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact the industry.

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.

Crypto industry news: record investment growth recorded


November, 28 2023
watermark Economic news

According to the Coinshares report, the volume of investments in cryptocurrency products has reached new heights over the past nine weeks, updating the highs of 2021. 


In the last week of November, investment flows into digital assets, including trusts and futures ETFs, totaled $346 million, which is a record high in recent times. Experts attribute this trend to the growing interest of investors in the potential approval of bitcoin ETFs by the US Securities and Exchange Commission (SEC).


It is worth noting that the SEC continues its investigation against Binance. According to The Wall Street Journal, the American division of Binance.US and its former head Changpeng Zhao are suspected of unauthorized asset control. Binance.US has already asked the court to stop this investigation. Since the beginning of the trial, the platform has lost about half of its users.


Against the background of these events, the shares of the largest American cryptocurrency exchange Coinbase on the NASDAQ exchange reached a maximum since May 5, 2022, reaching $119.77 per share. Despite the significant price increase in the last year, the stock is still 67% below its historical maximum (it was reached on November 9, 2021 at $368.9).


In the context of cryptocurrency history, it is also worth mentioning that exactly 11 years ago, on November 28, 2012, the first halving in the bitcoin network occurred, reducing the reward for a block from 50 to 25 BTC. The second reduction occurred in July 2016, when the remuneration decreased from 25 to 12.5 BTC. The last halving took place in May 2020, reducing the reward to 6.25 BTC.


コメントする

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.