JOIN OUR MAILING LIST
Assessments / Blog
As anticipated Yesterday, Bitcoin hit a record high again of $10928.47 Yesterday, exceeding the psychologically important $10,000 milestone. Some profit taking occurred at these record levels and price is trading around $10434 presently, still above the $10000 level. Although no signs of weakness are visible, we expect price to settle down and move sideways for a while.
SPOTLIGHT ON RIPPLE (XRP)
Ripple had also a nice move up Yesterday moving over 14% to a high of 0.26423 before a pullback occurred. Ripple connects banks, payment providers, digital asset exchanges and corporates via RippleNet to provide one frictionless experience to send money globally. As more Banks get involved into the usage of Ripple, we should see Ripple getting stronger. The newer Altcoins usually take a while to be accepted by the majority and Institutional participation usually boost the Crypto. Will be worth it to keep an eye on this one.
The information delivered here is for educational purposes only and is not intended to be a recommendation to purchase or sell any of the stocks, futures or other securities referenced. All references are for illustrative purposes only and are not considered endorsed or recommended for purchase or sale by MC Trading.
Trading Forex, Stocks and Options, Futures and any Commodity or ETF contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results and no representation is being made that any account will or is likely to achieve profits or losses similar to those shown. MCTrading has taken reasonable measures to ensure the accuracy of the information contained herein and on this website, however MCTrading does not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or from an inability to access such information or any delay in or failure of the transmission or receipt of any instruction or notification in connection therewith.