Article By RoboForex.com
On Monday, the BTC is growing, though yesterday the market had its doubts about this being possible. Main movements concentrate around $31,181. $29,000 remains an important threshold. Any steps over it downwards will become a bearish signal for a decline to $28,000, from where there will be a lot of chances for falling to $20,000. At the same time, there is evidence of a wave of growth forming. If the crypto manages to secure above $31,500, the way to $32,300–$32,700.
However, it must be acknowledged that current growth looks fragile. There is, indeed, evidence of the correlation with the US stock indices breaking down, yet this also provokes questions. All in all, it would be wise to keep an eye on the market and avoid decisive actions.
Chipotle: fast food can be paid for in crypto
Digital assets, meanwhile, are getting incorporated in our daily lives deeper and deeper. For example, one of the world’s largest fast food chains, Chipotle, is now accepting payments in crypto via the Flexa platform. An app will let clients pay for their orders in any of the 98 cryptocurrencies available, including ETH and BTC. The app requires downloading Gemini or the SPEDN platform for digital money storage.
The fact that daily goods can now be paid for in crypto can make digital money more attractive to users.
Buterin: banning PoW is a bad idea
Ethereum creator Vitalik Buterin criticised the ban imposed on carbon-produced electric crypto mining by the state of New York. He states that charging fees for carbon emissions would be more efficient so that part of the money could be used for compensations to people with low incomes.
Free Reports:
Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
Last week, the Senate of New York imposed a ban on mining for two years.
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
- The Dollar Index strengthened on Powell’s comments. The Bank of Mexico cut the rate to 10.25% Nov 15, 2024
- EURUSD Faces Decline as Fed Signals Firm Stance Nov 15, 2024
- Gold Falls for the Fifth Consecutive Trading Session Nov 14, 2024
- Profit-taking is observed on stock indices. The data on wages in Australia haven’t met expectations Nov 13, 2024
- USD/JPY at a Three-Month Peak: No One Opposes the US Dollar Nov 13, 2024
- Can Chinese Tech earnings offer relief for Chinese stock indexes? Nov 13, 2024
- Bitcoin hits an all-time high above $88,000. Oil remains under pressure Nov 12, 2024
- Brent Crude Stumbles as Market Sentiments Turn Cautious Nov 12, 2024
- Bitcoin hits new record high just shy of $82,000! Nov 11, 2024
- The Dow Jones broke the 44 000 mark, and the S&P 500 topped 6 000 for the first time. The deflationary scenario continues in China Nov 11, 2024