NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

eToro Market Update: Race to the Bottom

NewsBTC
NewsBTC
4 years ago
4 mins read
market,stocks, cryptocurrency, bitcoin, blockchain, ethereum, trading, economy, US, fed

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Hi Everyone,

It’s been five years in the making but the People’s Bank of China says that it is finally ready to release their own CBDC (Central Bank Digital Currency).

Mr. Mu Changchun who heads the PBoC’s Payments and Settlement Division explained to the China 40 Finance Group over the weekend the complexities of the first cryptocurrency created by a major central bank.

It may come as no surprise that the unique two-tier system has the PBoC in the top tier and Chinese commercial banks as the second tier. So, not exactly an open-source network like bitcoin. Changchun says that this particular strategy will work best with the needs of the Chinese economy.

Personally, I’m still struggling to understand the advantage of this over the current system. Something tells me that this is a completely different animal from what we know as cryptocurrencies.

Meanwhile, in a much smaller economy…

market,stocks, cryptocurrency, bitcoin, blockchain, ethereum, trading, economy, US, fed

Now here’s a landmark of innovation.

Blockchain technology is quickly hastening a new era in which financial assets can be traded and stored in a more free and fair manner.

Onwards and upwards!

@MatiGreenspan – eToro, Senior Market Analyst

Today’s Highlights

  • HK Flight Shutdown
  • Race to the Bottom
  • The Blockchain President?

Please note: All data, figures & graphs are valid as of August 12th. All trading carries risk. Only risk capital you can afford to lose.

Traditional Markets

Things are really escalating in Hong Kong today. Everything except airplanes that is, which are not taking off.

market,stocks, cryptocurrency, bitcoin, blockchain, ethereum, trading, economy, US, fed

This latest escalation seems to have had a direct impact on stock markets this morning. Within moments of the announcement from the HK aviation authority global stocks began to tumble, from Shanghai to the futures in New York.

What a shame too because the European open did look pretty positive until then.

market,stocks, cryptocurrency, bitcoin, blockchain, ethereum, trading, economy, US, fed

Currency Wars

The race to the bottom continues in the currency markets this morning. The top chart across the screens of FX trading desks is undoubtedly the GBPUSD, which is threatening the red line we’ve been discussing at $1.20.

market,stocks, cryptocurrency, bitcoin, blockchain, ethereum, trading, economy, US, fed

To give a bit of context, we can see that the US Dollar did get a bit stronger this morning with a rather abrupt but still pretty short spike.

market,stocks, cryptocurrency, bitcoin, blockchain, ethereum, trading, economy, US, fed

Even though this movement was quite small, some of the emerging market currencies seemed to have a very large reaction. Here we can see the rather conspicuous backlash from the Turkish Lira, the Mexican Peso, and the South African Rand.

market,stocks, cryptocurrency, bitcoin, blockchain, ethereum, trading, economy, US, fed

For extra credit points, please check out the long term graph of the USDZAR.

Blockchain President

The crypto community has been throwing a lot of support lately behind US Presidential candidate Andrew Yang, and it seems that even the big guy himself is now in on the endorsement.

market,stocks, cryptocurrency, bitcoin, blockchain, ethereum, trading, economy, US, fed

As much as I hate to rain on Yang’s parade, I would like to say that the chances of him being elected in 2020 are extremely thin.

Being a sitting President is an extraordinary advantage for Donald J Trump and so he is most likely to win. But even deeper than that, as far as the Democratic party is concerned, Yang is far from a front runner. The favorite as it stands is former VP Joe Biden, followed by Elizabeth Warren.

However, I did notice Yang getting some TV time on Fox News of all places today. So, you never know.

Have an amazing week ahead!

About the Author: Mati Greenspan is a Senior Market Analyst at eToro

Connect with Mati on….

eToro: http://etoro.tw/Mati
Twitter: https://twitter.com/matigreenspan
LinkedIn: https://www.linkedin.com/in/matisyahu/
Telegram: https://t.me/MatiGreenspan
Office Phone: +44-203-1500308 (ext:311)

Disclaimer: The opinions expressed in this article do not represent the views of NewsBTC 
or any of its team members. NewsBTC is neither responsible nor liable for the accuracy of 
any of the information supplied in Sponsored Stories/Press Releases such as this one.

 

Tweet123Share196ShareSend
NewsBTC
NewsBTC

NewsBTC

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

How to trade crypto

How To Trade Crypto

How to trade crypto – a question that resonates with many in the rapidly evolving digital asset space. Whether you’re...

Jake Simmons 1 year ago

Bitcoin Hovers Below $50k After Weekend Wipeout – Crypto Roundup, Dec 6, 2021

Ethereum shows strength as MATIC rises 7%  Global market jitters spread to crypto at the weekend, with Bitcoin falling to...

NewsBTC 3 years ago

Crypto Market Analysis: December 6, 2021

Bitcoin and ether suffered a major flash crash over the weekend, sending cryptoasset values down by some 20% at points....

NewsBTC 3 years ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Cena Bitcoinu pod 80 tisíc $

Cena Bitcoinu pod 80 tisíc $. Ako čo najlepšie využiť pokles na kryptotrhu?

Nina Šefčíková 4 months ago

Dogecoin a Shiba Inu stagnujú. Oplatí sa sledovať tieto predpredaje?

Nina Šefčíková 4 months ago
how to trade Bitcoin

Learn How To Trade Bitcoin

Jake Simmons 1 year ago

Premium Sponsors

Press Releases

  • Top kryptoměna ke koupi dříve, než vzroste o 2 200 %, podle Cathie Wood

    Top kryptoměna ke koupi dříve, než vzroste o 2 200 %...

    3 hours ago
  • The smartest way to make money in 2025: Invest in cloud...

    10 hours ago
  • Od Bitcoinu k BTC Bull: Kde leží skutečný potenciál?

    ...

    10 hours ago
  • Bitcoin vs. Gold: Which Is the Best Investment In 2025?

    10 hours ago
  • Profit of $5,735, senior trader uses Ripple (XRP) to open...

    10 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.