Market updates and forecasts

从ForexMart获得最新经济新闻,包括金融市场,中央银行政策宣告,财务指标,和影响这个银行的其他相关新闻的更新.

免责声明:   ForexMart不提供投资建议,所提供的分析不应被解释为对未来结果的承诺。

Cryptomarket has recovered from last week lows


五月, 16 2022
watermark Economic news

At the beginning of the new trading week, the cryptocurrency market continues to remain under pressure, although some of the currencies have managed to recover. 


Last week, bitcoin fell to 2020 lows at $26284. On Sunday, the cryptocurrency managed to exceed the level of $31 thousand again. The current BTC/USD quote is $29,756.20. Bitcoin has lost more than half of its value after rising to a record $69 thousand six months ago.


Analysts note that bitcoin and other cryptocurrencies show a correlation with other risky assets, in particular, with shares of technology companies, which have suffered significantly this year. The S&P 500 stock index has fallen 16% since the beginning of the year, and the Nasdaq Composite has lost 25%.


The sale of crypto assets intensified after the news about the collapse of two of the 10 largest cryptocurrencies – the TerraUSD stablecoin and the associated Luna token. This drop led to a decrease in market capitalization of about $45 billion.


Other cryptocurrencies are also showing similar dynamics to bitcoin today, trading without much fluctuations at levels above recent lows, but still maintaining a strong «bearish» trend. 


So, Ethereum was trading around $2,000, having lost one-third of its market capitalization over the past two weeks. Solana and Cardano fell by 1%, while Avalanche declined by 6%.


反馈

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
风险提示:
外汇本质上有高度的投机性和复杂性,可能并不适合所有投资者。 外汇交易可能会带来重大的收益或损失。 因此,建议您不要承担无法承受的损失。 在使用ForexMart提供的服务之前,请确认外汇交易相关联的风险。 必要时寻求独立的财务意见。请注意,过去的业绩和预测都不是未来结果的可靠指标。
外汇本质上有高度的投机性和复杂性,可能并不适合所有投资者。 外汇交易可能会带来重大的收益或损失。 因此,建议您不要承担无法承受的损失。 在使用ForexMart提供的服务之前,请确认外汇交易相关联的风险。 必要时寻求独立的财务意见。请注意,过去的业绩和预测都不是未来结果的可靠指标。