Bitcoin has been
trading sideways for the entire month now. The BTC/USD pair has made 2
unsuccessful attempts to break through the bearish level of $ 40,000 and 3
failed attempts to break through the bullish $ 30,000.
While bitcoin is
stagnant, traders have switched their attention to altcoins. After the BTC rate
began to correct from $ 42,000 area, the altcoin market came to life: billions
of dollars are circulating on crypto exchanges every day.
If you are stuck with
Bitcoin trades, it’s time to take profits and look around: altcoins are
becoming more and more attractive every day. Let’s start our analysis with
Ethereum, the second most popular cryptocurrency.
Congratulations, we’ve made it through 2020! This eventful year is almost over. Let’s take a moment to look back and recall its key events.
It’s difficult to
even start to comprehend how much this expiring year has changed our lives. We
are all wearing masks and washing our hands several times a day now. If someone
told us back in 2019, that we wouldn’t be able to travel or even leave our house,
we would laugh in their face. But we did face the lockdown and spent several
months self-distancing, in isolation.
But apart from the
much-hyped coronavirus, what other key events are worth considering? We believe
that there were more…
The influence of strong indicators of the labor market from the USA, issued on previous week, did not keep for a long time. On Tuesday, markets again tended to sell dollar. Eventually, by Friday the pair EURUSD reached 1.1250, getting back to the local lows of August. The released statistics calls our attention to the decline of labor efficiency in the USA and the simultaneous increase in expenses for the workforce. That is the evidence of hiring new employees by the companies. The efficiency grows when they fire people and replace them by programs. Therefore, the decrease is not such a more…