Is the trading platform GXCM a scam?
In this article, Trijo News examines the trading platform GXCM. The FCA has issued a warning regarding the company.
The crypto markets have been seeing a slight correction downwards for the last 24 hours, but bitcoin cash continues its bull run. Also: an eminent Wall Street analyst urges not to buy bitcoin or other cryptocurrencies right now.
The American Wall Street analyst Nick Colas urges investors to be careful on the cryptomarkets right now. This despite the recent period of steady growth.
Nick Colas has been following bitcoin since 2013 and has also been writing the very popular Morning Market Briefing for Convergexs for over 14 years.
Colas explanation to why investors should be careful is that the recent market growth has not been backed with a similar growth among new investors. One example is that the number of crypto wallets only grew about 2.2 percent last month, which could be compared to a monthly growth of 5-7 percent last year.
The number of Google searches has also declined drastically. The levels of searches we see today are around 85-90 percent below the levels we saw when the hype was at its maximum late 2017.
You find the full CNBC-interview here.
On the price side, we have been seeing broad dips for the last 24 hours. On the top five, the only exception was bitcoin cash (+6,86%) who managed to continue the bull run of the last few days.
Worth to mention is that the declines have been quite mild. Bitcoin (-0,97%) and ethereum (-2,22%) did best among the losers, while eos (-7,28%) and ripple (-3,18%) lost the most.
On the top 100 elastos (+10,28%) was the clear winner, but bnktothefuture (+6,70%) and populous (+6,53%) also performed well.
The biggest losers were bytom (-14,23%), iostoken (-13,85%) and cortex (-13,84%).
|Bitcoin cash||$1 712,51||+6,86%|
Hos Trijo får du Sveriges lägsta avgifter och går från registrering till bitcoin i plånboken på under 60 sekunder.
The suspected pyramid scheme Jubilee Ace has disappeared from the face of the earth. It has now been replaced by something called Globalytics Tech...
Trijo News has mapped the Swedes' indirect ownership of bitcoin via the state pension system.