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Business / Finance

The foreign exchange market. Bitcoin buy on pullbacks

Forex Club 29.09.2017 at 13:26

News background formed until mixed. But reasons for panic. Bitcoin is worth buying on pullbacks.

the Correction of the cause news from South Korea. The financial regulator in the country announced the cancellation of the ICO (initial placement of tokens) in order to prevent the risks of fraud in the sector. Also in South Korea, speak about strengthening of control over cryptocurrency trading. In the medium term, such initiatives will be even positive for digital currencies.

the Rules governing the ICO has published Australia. Let me remind you that the regulation is exposed and the initial placement of tokens in the United States. All this will make this sector more secure.

In support of bitcoin is the interest of institutional investors. It became known that two largest stock exchanges of the U.S. market and suppliers of various bitcoin services Coinbase and Gemini are working to create trading platforms for large institutional investors. Work is being done jointly by the Chicago stock exchange auctions.

in addition, the SEC submitted applications for the establishment of two exchange-traded funds (ETF) tied to the price of bitcoin.

Thus, the level 3800,00 bitcoin can be interesting for shopping with a purpose at the level of 42800,00.

Warning: Profitability in the past does not mean profitability in the future. Any projections are for informational purposes and do not guarantee results.

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