FXOpen Broker

10+ years’
experience in FX


Trading Accounts

Micro, Crypto


Free Demo

Practice Forex trading
risk free


PAMM Technology

Become a Master
or a Follower

Results 1 to 2 of 2

Thread: Bitcoin Surges More Than 10%; Tests $13,000 Level

  1. #1
    Moderator cool user Resolve's Avatar
    Join Date
    Mar 2012
    Thanked 2,490 Times in 1,462 Posts

    Lightbulb Bitcoin Surges More Than 10%; Tests $13,000 Level

    Bitcoin Surges More Than 10%; Tests $13,000 Level

    Investing.com - Bitcoin surged more than 10% on Tuesday in Asia and is now near the $13,000 level.

    Bitcoin jumped 10.2% to $12,645.7 by 11:34 PM ET (03:34 GMT).

    The reason behind the gains today was unclear and it came despite more negative news surrounding Facebook’s proposed digital coin, Libra.

    Since Facebook (NASDAQ:FB) announced its plan to launch its own cryptocurrency last month, regulators and analysts around the world have argued that Libra must be put under the oversight of global monetary authorities.

    Mu Changchun, deputy director of the People’s Bank of China’s payments department, told Bloomberg on Tuesday that Libra “won’t be sustainable without the support and supervision of central banks.”

    Mu said the central bank has tested Libra’s code and found it is “still in an initial stage and the quality of the code isn’t stable,” warning that digital currencies could disrupt monetary policy and create foreign exchange risks.

    He also expressed concerns that Facebook has not committed to anti-money laundering and anti-terrorist financing responsibilities.

    The European Central Bank also weighed in at the weekend, as board member Benoit Coeure said it was "too dangerous" for the authorities to leave Libra to grow unchecked.

    “It’s out of the question to allow them to develop in a regulatory void for their financial service activities, because it’s just too dangerous,” Coeure told Bloomberg. “We have to move more quickly than we’ve been able to do up until now.”

    India also criticized the Libra stablecoin project.

    “Design of the Facebook currency has not been fully explained,” Economic Affairs Secretary Subhash Garg told Bloomberg. “But whatever it is, it would be a private cryptocurrency and that’s not something we have been comfortable with.”

    Prices of other major cryptocurrencies also rose today.

    Ethereum gained 3.5% to $315.15, XRP rose 2.8% to 0.40454, and Litecoin traded 3.7% higher to $122.747.

    Source: www.investing.com

  2. #2
    Join Date
    Jul 2019
    Thanked 0 Times in 0 Posts


    Thank you for the interesting topic!
    I hope Bitcoin will grow up!



Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
2005-2020 © FXOpen All rights reserved. Various trademarks held by their respective owners.

Risk Warning: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgment as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors.

FXOpen Markets Limited, a company duly registered in Nevis under the company No. C 42235. FXOpen is a member of The Financial Commission.

FXOpen AU Pty Ltd., a company authorised and regulated by the Australian Securities & Investments Commission (ASIC). AFSL 412871ABN 61 143 678 719.

FXOpen Ltd. a company registered in England and Wales under company number 07273392 and is authorised and regulated by the Financial Conduct Authority (previously, the Financial Services Authority) under FCA firm reference number 579202.

FXOpen does not provide services for United States residents.

Join us