Bitcoin Forum
May 27, 2024, 08:41:37 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: [2015-12-09] cointelegraph : Bitcoin Grows While The Dollar Faces Price Correct  (Read 310 times)
Sturgeon (OP)
Sr. Member
****
Offline Offline

Activity: 392
Merit: 250


ドラゴンスピ


View Profile
December 09, 2015, 12:33:13 PM
 #1

Our expectations were met again with the price of BTC/USD overcoming both resistance levels of $400 and $410. Currently, the Bitcoin price reached $ 420. During today, the price rose by 7%. However, this situation is primarily due to a falling price of the US Dollar against various currencies such as the Euro, British Pound, Yen, and well Bitcoin too. Moreover, a report on China's trade surplus, which resulted in the situation on the commodity market in China stabilizing was recently published. According to that report, net export increased by 64% in comparison to the year 2014. Positive statistics from China always seems to support the Euro and has a negative impact on the dollar.

http://cointelegraph.com/news/115832/daily-bitcoin-price-analysis-bitcoin-grows-while-the-dollar-faces-price-corrections


"The economy depends about as much on economists as the weather does on weather forecasters"  Jean-Paul Kauffmann
"The risk / reward ratio is nuts. Playing with altcoins is like picking up pennies on the highway"  BlindMayorBitcorn

Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!