$5,200: Bitcoin Buoyant as Price Sets New All-Time High

Today's press

  • At press time, the bitcoin-U.S. dollar (BTC/USD) exchange rate is trading at $5,200 levels. Week-on-week, BTC is up 18.75 percent, while month-on-month it's up 23 percent. The new record broke a previous all-time high of $5,013 set in September.

  • The Brexit negotiations are in a “very disturbing state of deadlock” over Britain’s divorce bill but decisive progress before Christmas is still within reach, the EU’s chief negotiator has said.

  • WASHINGTON (Reuters) – The Federal Reserve could better time interest rate hikes following future recessions by pledging to hold fire until inflation rises above its target, Fed Governor Lael Brainard said on Thursday.

  • WASHINGTON (Reuters) – Euro zone growth may be rebounding but the disconnect between inflation and growth remains, requiring the European Central Bank to remain patient, ECB Chief Economist Peter Praet said on Thursday, just weeks before deciding whether to extend stimulus.

  • WASHINGTON (Reuters) – The normalization of monetary policy in the United States and other advanced economies should be manageable for emerging markets, Federal Reserve Governor Jerome Powell said on Thursday, although he cautioned on high levels of corporate debt.

  • OPEC and its allies have regained some control over the oil market as their production limits have eroded the supply glut that caused prices to plunge, but the IEA warned Thursday further restraint is needed if this balance is to be maintained.

  • BitGo engineer Jameson Lopp jubilantly posted to Twitter this morning that Bitcoin mining pool F2Pool has stopped signalling for SegWit2x.

  • Popular wallet provider Blockchain (formerly Blockchain.info) has released support for Bitcoin Cash (BCH) and credited users with equivalent balances.

Next trading day's important events

  • 15:30 (GMT+3) US – Retail Sales (MoM) (Sep)
  • 15:30 (GMT+3) US – Consumer Price Index (YoY) (Sep)

Forex quotes:

  • USDJPY: 112.32
  • EURUSD: 1.1842


  • S&P 500: 2553.38
  • NASDAQ: 6605.50

Source: Alpari

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