FOREX NEWS & BLOG
How Fear Might Be Limiting Your Profitability
Experiencing fear while trading is normal, but it can get in the way of catching good market moves and being consistently profitable.
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Pound Sterling faces pressure against USD as Fed dovish bets ease
The Pound Sterling (GBP) remains under pressure near 1.2600 against the US Dollar (USD) in Monday’s North American session.
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GBPUSD: Elliott Wave Analysis and Forecast for 15.11.24 – 22.11.24
Major Takeaways Main scenario: Consider short positions from corrections below the level of 1.3017 with a target of 1.2240 – 1.1900. A sell signal: the price holds below 1.3017. Stop Loss: above 1.3050, Take Profit: 1.2240 – 1.1900. Alternative scenario: Breakout and consolidation above the level of 1.3017 will allow the pair to continue rising to the levels of 1.3440 – 1.3800. A buy signal: the level of 1.3017 is broken to the upside. Stop Loss: below 1.2980, Take Profit: 1.3440 – 1.3800. Main Scenario Consider short positions from corrections below the level of 1.3017 with a target of 1.2240… Read full author’s opinion and review in blog of #LiteFinance
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FBS Highlights the Role of Tokenized Assets in Revolutionizing Global Finance
FBS, a leading global broker, explores the rise of tokenized real-world assets (RWAs) and their transformative impact on international finance. Representing tangible and intangible assets like real estate and private credit digitally on blockchains, RWAs are redefining asset ownership by enabling fractional ownership and boosting liquidity. This innovation is reshaping global finance, offering retail and institutional investors more accessible and diversified portfolios.
FBS analysts emphasize the significant advantages of RWAs, including reduced barriers to entry, streamlined operations, and democratized access to high-value assets. The surge in adoption is evident, particularly in the Asia-Pacific region, where institutions like BlackRock and UBS are integrating tokenized assets into their offerings. These advancements highlight the role of RWAs in bridging the gap between traditional finance and blockchain technology, addressing inefficiencies and expanding global market participation.
However, FBS also notes the challenges that come with this innovation. Scalability, regulation, and the need for robust blockchain infrastructure are key hurdles. FBS analysts suggest that as technology advances, solutions to these challenges will further solidify RWAs as a cornerstone of future financial ecosystems. For traders, understanding the dynamics of this rapidly evolving market is critical, offering new opportunities to align with emerging trends.
Tokenization offers the potential to unlock trillions of dollars in otherwise inaccessible assets, broadening their availability to a wider audience. This innovation is reshaping industries like real estate, commodities, fine art, and intellectual property. By integrating RWAs into the global economy, tokenization is driving changes in asset management, trading practices, and portfolio diversification strategies.
FBS analysts highlight the importance of keeping a close eye on the tokenized asset space. By staying informed about regulatory changes, technological advancements, and market trends, traders and investors can strategically position themselves to capitalize on this transformative wave. RWAs represent a significant evolution in financial systems, marking a shift toward a more inclusive and efficient global financial ecosystem.
FBS remains committed to equipping traders with actionable insights and cutting-edge tools to navigate such dynamic shifts in the financial landscape.
Disclaimer: This material does not constitute a call to trade, trading advice, or recommendation and is intended for informational purposes only.
About FBS
FBS (https://fbs.com) is a global brand that unites several independent brokerage companies under the licenses of FSC (Belize), CySEC (Cyprus), and ASIC (Australia). With 15 years of experience and over 90 international awards, FBS is steadily developing as one of the market’s most trusted brokers. Today, FBS serves over 27,000,000 traders and more than 700,000 partners around the globe.
This article was written by FM Contributors at www.financemagnates.com.
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Why Is Bitcoin Trading Volume So High? BTC Turnover Rose by 80% in a Year
Bitcoin
(BTC) has grown to become one of the most traded digital assets in the world.
Its trading volume reflects the immense interest in this cryptocurrency, from
institutional investors to retail traders. In this article, we’ll explore the
reasons behind Bitcoin’s high trading activity and how the dynamics of the
crypto market drive its popularity in 2024.
In October
2024, trading volumes reached some of the highest levels this year. Compared to
2023, there was an increase of over 80%, with some exchanges experiencing
growth up to 250%.
What Is Bitcoin Trading
Volume?
Bitcoin
trading volume refers to the total amount of Bitcoin bought and sold on
exchanges within a specific time period. It’s a key metric in the
cryptocurrency market, offering insights into liquidity, demand, and overall
market health.
- Higher
volume often
indicates strong market activity and liquidity. - Lower
volume can suggest
reduced interest or a more volatile market environment.
Bitcoin
trading volumes can reach all-time highs during periods of market surges or
significant news events. For example, during the 2021 bull run, Bitcoin volumes
skyrocketed alongside its price surge. We observed the same dynamic in March
2024 and currently in October 2024.
Factors Driving High
Bitcoin Trading Volume
- Institutional Adoption
Institutional
investors have embraced Bitcoin as a legitimate asset class.
- Companies
like MicroStrategy and Tesla have added Bitcoin to their balance sheets. - The
approval of Bitcoin Exchange-Traded Funds (ETFs), including BlackRock’s, has
made it easier for financial institutions to invest.
In 2024,
financial institutions processed record Bitcoin trades, boosting market
liquidity.
2. Retail Investor Activity
Retail
investors remain a vital part of the crypto market.
- Platforms
like Coinbase and Binance allow retail traders to engage in Bitcoin trading
with ease. - During
price surges, retail activity often spikes. For example, in October 2024,
Coinbase saw $62.5 billion in trading volume, marking a significant rise from
earlier months.
3. Global Adoption of Cryptocurrencies
Bitcoin’s
appeal as a currency and store of value has spread worldwide.
- Countries
like El Salvador and the Central African Republic have adopted Bitcoin as legal
tender. - Digital
currencies like Bitcoin are gaining popularity as alternatives to fiat in
regions facing economic instability.
4. Volatility and Speculative Trading
Bitcoin’s
volatility is a double-edged sword, attracting both short-term speculators and
long-term investors.
- In 2024,
Bitcoin’s price crossed $92,000 after a market surge triggered by favorable
regulatory developments and geopolitical changes. - Speculators
often use leverage on crypto exchanges like ByBit and OKX, amplifying trading
activity.
CryptoQuant founder: Bitcoin trading volume below $100,000 hits 3-year highKi Young Ju, founder and CEO of CryptoQuant, released data on the X platform saying that the trading volume of Bitcoin below $100,000 hit a three-year high, which indicates the entry of retail investor…
— Bpay News (@bpaynews) November 18, 2024
5. Whale and Bot Activity
Whales, or
entities holding large amounts of Bitcoin, often contribute to trading spikes.
- Large
trades can trigger significant trading activity, influencing market sentiment. - Trading
bots also account for a portion of trading volume, especially on platforms
offering algorithmic trading options.
Data: Bitcoin Trading
Volume by Exchange (October 2024)
After a relatively weak September, with trading volumes dropping to the year’s lowest level of $715 billion, October saw a clear rebound, reaching $820 billion. Although this figure is still far from the over $2 trillion reported in March when Bitcoin tested its all-time highs, the ongoing month of November is set to bring new records.
This is particularly notable as Bitcoin surpassed its previous historical peaks during November, climbing to $93,000. Significantly, trading volume grew sharply year-over-year, increasing by 83% compared to the $401 billion reported in October 2023. The strongest annual growth was o
Binance
dominates the cryptocurrency exchange landscape, processing over half of
Bitcoin’s total trading volume. Smaller
platforms like OKX and Huobi contribute significantly to global Bitcoin trades.
Other cryptocurrencies, such as Dogecoin (DOGE), have also played a significant role, especially as they came under speculative upward pressure following the U.S. presidential election.
Trends Behind Bitcoin’s
Volume Surge
ETFs and Institutional Involvement
The lunch
of Bitcoin ETFs has simplified investment for institutions.
- BlackRock’s
Bitcoin ETF surpassed $34 billion in assets within months of its launch. - Regulated
futures trading on platforms like the CME has drawn institutional capital into
the market.
Impact of Political Events
Global
political developments have a direct impact on Bitcoin trading.
- In 2024,
Donald Trump’s re-election sparked a rally in cryptocurrency prices, pushing
Bitcoin to new highs. - Market
sentiment during uncertain times often turns bullish for Bitcoin, driving
trading volume.
Rising Popularity of Cryptocurrencies
Bitcoin
remains the most traded digital asset, but other cryptocurrencies like Ethereum
and Dogecoin also influence market activity.
- Altcoins
like Ethereum often rise alongside Bitcoin, contributing to the overall trading
surge. - Stablecoins
such as Tether (USDT) provide liquidity to the market.
Spot Bitcoin ETFs had a net inflow of $1.644 billion last week, with a trading volume of $29 billion, the third largest weekly trading volume in history Meanwhile, the price of Bitcoin rose 14% last week, with $1.866 billion flowing into BlackRock, $153 million flowing out of…
— PoetryRain🇭🇰 (@PoetryRain_etc) November 18, 2024
Why Volume Matters for
Bitcoin
Liquidity and Price
Stability
High
trading volume ensures that Bitcoin remains liquid, making it easier for
traders to buy or sell without impacting prices. Liquidity is essential for
healthy market conditions and accurate price discovery.
Market Sentiment Indicator
Volume
often reflects market sentiment. Higher volumes during a rally indicate strong
investor confidence, while declining volumes may signal waning interest.
Opportunities and Risks
- Opportunities: Active markets offer arbitrage
opportunities and tighter spreads. - Risks: High volume can also attract
scammers and market manipulators.
Challenges of High Trading
Volume
While high
trading volumes are generally positive, they come with challenges:
- Volatility
spikes: High
trading activity can lead to rapid price swings. - Market
manipulation:
Whales and bots can distort prices and trading patterns. - Regulatory
concerns:
Governments and agencies like the Securities and Exchange Commission (SEC)
closely monitor high trading activity for signs of fraud or unbiased content
breaches.
How Retail Investors Can
Navigate High Volumes
For retail
investors, understanding the dynamics of cryptocurrency trading is essential:
- Diversify
Portfolios: Include
stablecoins, altcoins, and Bitcoin to mitigate risks. - Use
Reliable Exchanges:
Platforms like Binance and Coinbase offer secure trading environments. - Study
Market Trends:
Leverage resources like CoinMarketCap and CoinGecko for original reporting on
volume trends.
Why Is Bitcoin Trading
Volume So High? Summing Up
Bitcoin’s
high trading volume reflects its pivotal role in the crypto market. Factors
such as institutional adoption, global appeal, and market volatility have
contributed to its growth. As the cryptocurrency market continues to evolve,
Bitcoin remains at the center of attention, influencing the behavior of traders
and investors alike. By understanding the reasons behind its trading activity,
participants can make informed decisions in this dynamic market.
Bitcoin Volume, FAQ
Why is crypto volume so
high?
Cryptocurrency
trading volume has reached unprecedented levels due to several key factors in
2024. The primary driver is Trump’s victory and his pro-crypto stance,
promising to make the US “the crypto capital of the planet.”
Additionally, the approval of spot Bitcoin ETFs has brought significant
institutional money into the market, with over $19 billion in net inflows.
Why is trading volume
high?
Trading
volume is exceptionally high due to increased institutional participation, with
the Chicago Mercantile Exchange (CME) now holding 30.6% of Bitcoin’s open
interest. The market has also seen improved infrastructure, reduced transaction
costs, and enhanced liquidity. Major exchanges like Binance dominate with 52%
market share, processing over $425 billion in monthly volume. Political factors
and regulatory clarity have further boosted trader confidence.
What is the trading volume
of Bitcoin?
Bitcoin’s
current daily trading volume consistently exceeds $33 billion as of late 2024.
Monthly volumes show significant growth, with October 2024 reaching $820.21
billion across major exchanges. The first quarter of 2024 saw the highest
volume at $2.1 trillion in March, followed by $1.28 trillion in April. These
figures represent verified volume from legitimate exchanges, excluding wash
trading and artificial inflation.
Why is Bitcoin so high?
Bitcoin
reached a new all-time high of $93,495 in November 2024 due to several factors.
The primary catalyst was Trump’s election victory and his promises of
crypto-friendly policies. The successful launch of spot Bitcoin ETFs brought
unprecedented institutional investment. Additionally, improved market
infrastructure, reduced transaction costs, and broader adoption by financial
institutions have contributed to price appreciation. The upcoming Bitcoin
halving in 2024 has also created positive market sentiment, as historically,
this event has preceded significant price increases.
This article was written by Damian Chmiel at www.financemagnates.com.
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FMLS:24 Networking Blitz Opening Party Kicks Off Tonight
After months of buildup and hype the Finance Magnates London Summit (FMLS:24) kicks off tonight with the Networking Blitz Opening party. Held at The Folly in downtown London, summit attendees can take advantage of this exclusive networking party with a twist, relaxing over drinks and snacks. Join fellow participants for a night of revelry and entertainment that will help set the pace for the following two days of exhibition and content at London Summit.
FMLS returns for its incredible thirteenth year, drawing some of the biggest names, brands, and C-suite executives from around the industry. Covering the online trading, payments, crypto, and fintech space, the summit has something for everyone. Registration is still available on-site tomorrow at Old Billingsgate.
Get Your London Summit Started Right with the Networking Blitz
Whether this is your first time or are a returning guest, the Networking Blitz Opening party is a tradition at every London Summit, bringing together join hundreds of finance professionals. The night will provide plenty of opportunities for discussions, potential business, snacks & drinks, fresh ideas, and of course networking. There is simply no better forum for meeting new contacts, exchanging insights, and exploring new business opportunities with the people who drive the industry.
Each year, this party also serves a crucial role in helping breaking the ice and driving conversations that extend into the following two days of the summit. The Blitz also enables attendees to form personal and professional bonds in a less formal environment, priming them for the sessions, panels, and discussions that follow. These things make this networking event the perfect prelude for the rest of FMLS:24.
The Blitz returns this year to The Folly, an exclusive venue designed to create the right ambiance for conversations and connections. Strategically located in downtown London, this party allows participants to seamlessly blend business and social interaction with an environment that is both informal and engaging.
There is no better time for attendees to introduce themselves to others without the formalities of a structured conference session. Whether at the bar or over small bites, these informal chats often pave the way for more serious discussions later on.
The Networking Opening Blitz is one event you cannot afford to miss tonight so be sure to stop by The Folly.
This article was written by Jeff Patterson at www.financemagnates.com.
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AT&T Stock Forecast: Will Shares Ever Recover?
AT&T demonstrates a boost in 5G and fiber subscriptions, adding 403,000 mobile customers and 226,000 fiber optic subscribers in the third quarter of 2024. The company’s revenue has climbed to $30.2 billion, with earnings per share hitting $0.60, exceeding analysts’ expectations. However, high debt load and strong competition remain significant barriers to the company’s growth. The article reviews the company’s history, financial performance, and strategic plans. This analysis will help you evaluate whether investing in AT&T stock is a sound decision in light of the current market conditions.
Major Takeaways The current price of AT&T is $22.68 as of… Read full author’s opinion and review in blog of #LiteFinance
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USDCHF Technical Analysis – Will the US Dollar reach new highs?
Fundamental
Overview
Last week, despite the
higher-than-expected inflation figures and a less dovish Powell, the US Dollar
couldn’t extend the gains. The market’s pricing remained largely unchanged at
three rate cuts by the end of 2025.
This might be a signal that
the market is now fine with the current pricing, and we will need stronger
reasons to price out the remaining rate cuts. This could open the door for some
pullbacks and general US Dollar weakness.
USDCHF
Technical Analysis – Daily Timeframe
On the daily chart, we can
see that USDCHF couldn’t extend above the 0.89 handle. From a risk management perspective,
the buyers will have a better risk to reward setup around the major upward trendline. The sellers, on the other hand,
will want to see the price breaking lower to increase the bearish bets into new
lows.
USDCHF Technical
Analysis – 4 hour Timeframe
On the 4 hour chart, we can
see that we had another minor upward trendline defining the bullish momentum on
this timeframe. The price recently broke below it which could be a signal of a
bigger pullback to follow.
The sellers are likely to
pile in here to target a drop into the 0.88 handle. The buyers, on the other
hand, will want to see the price rising back above the trendline to position
for a rally into new highs.
USDCHF Technical
Analysis – 1 hour Timeframe
On the 1 hour chart, we can
see that we now have a minor downward trendline defining the current pullback.
The sellers will likely keep on leaning on it to push into new lows, while the
buyers will look for a break higher to position for new highs. The red lines
define the average daily range for today.
Upcoming
Catalysts
This
week is pretty empty on the data front with the most important releases
scheduled for the latter part of the week. On Thursday, we get the latest US
Jobless Claims figures, while on Friday we conclude the week with the US Flash PMIs.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
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USDCAD Technical Analysis – We are at the highest level since 2020
Fundamental
Overview
Last week, despite the
higher-than-expected inflation figures and a less dovish Powell, the US Dollar
couldn’t extend the gains. The market’s pricing remained largely unchanged at
three rate cuts by the end of 2025.
This might be a signal that
the market is now fine with the current pricing, and we will need stronger
reasons to price out the remaining rate cuts. This could open the door for some
pullbacks and general US Dollar weakness.
On the CAD side, we have
the Canadian CPI tomorrow. The market is pricing a 33% chance of another 50 bps
cut at the upcoming meeting. Higher than expected readings might increase the
chances of a 25 bps move and provide a relief rally.
Conversely, lower than
expected figures will likely increase the probabilities for a 50 bps cut and
weigh a bit on the CAD although it might not trigger too much weakness at this
point.
USDCAD
Technical Analysis – Daily Timeframe
On the daily chart, we can
see that USDCAD eventually broke through the 2-year high and extended the rally
into the 1.41 handle. From a risk management perspective, the buyers will have
a better risk to reward setup around the previous resistance
now turned support at roughly 1.40 where we can also find a trendline
for confluence.
The sellers, on the other hand, will want to see the price breaking lower to
invalidate the breakout and position for a drop back into the 1.36 handle.
USDCAD Technical
Analysis – 4 hour Timeframe
On the 4 hour chart, we can
see that we have another minor upward trendline defining the current bullish
momentum. If we were to get a pullback, we can expect the buyers to lean on the
trendline to position for a rally into new highs, while the sellers will look
for a break lower to target the major trendline.
USDCAD Technical
Analysis – 1 hour Timeframe
On the 1 hour chart, we
have yet another upward trendline defining the bullish momentum on this
timeframe. The buyers will keep on leaning on it to target new highs, while the
sellers will look for a break lower to target the next trendlines. The red
lines define the average daily range for today.
Upcoming
Catalysts
This
week is pretty empty on the data front with the most important releases
scheduled for the latter part of the week. On Thursday, we get the latest US
Jobless Claims figures, while on Friday we conclude the week with the US Flash PMIs.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
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Venezuela depreciation risks reversing years of inflation gains
ECB’s Makhlouf: I don’t think the job is done on taming inflation
- Services inflation is still slightly higher than I would prefer
- Prudence and caution have a premium to them, we should continue in that manner
- I don’t feel at the moment the need to rush
- We need to think like a long-distance runner
No rush but the signs are pointing to at least a 25 bps move in December again. That being said, traders are still pricing in a ~26% probability of a 50 bps move for the time being as well.
This article was written by Justin Low at www.forexlive.com.
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