Digital Euro: A Threat to Dollar?

Why new ECB leadership could be crypto-friendly? Overview The global race of creating a central bank digital currency has been heating up after China’s latest plan of creating its version of “crypto-yuan”, aka Digitial Currency Electronic Payment (DCEP). The European Union has been catching up fast, with some part of the banking community on the […]

Looking Ahead to Next Week’s FOMC Meeting

Overview The market expects that The Federal Open Market Committee (FOMC) to approve a quarter-point reduction at the Oct 29–30 meeting that will set the funds rate down to the 1.5% — 1.75% range. In September, FOMC had cut the federal funds rate from 2.00% to 1.75%, another move following the July rate cut. What happened after […]

The Possible US-China Currency Pact: Game Changer?

How bitcoin could react if the Chinese yuan appreciates significantly Overview The resume of the US-China trade talks is one of the major focuses in the financial markets this week, while the markets didn’t have high hopes of reaching a deal, whether it’s a full or a partial deal, the potential currency pact between the […]

Altcoin Season: To Be or Not to Be?

The slings and arrows of outrageous fortune, or to take arms against a sea of troubles. Overview The cryptocurrency markets seem going through another trendless situation as major cryptos have initially recovered from the September selloff. Despite some of the altcoins have rebounded to the pre-selloff levels, yet, they mostly remained in the upper side […]

Market Behavior in Times of Bitcoin’s Rough Slump

Interesting price behaviors and figures on the major tokens Bitcoin price drastically dropped 12% on September 25th, at the same time, the vast majority of digital assets recorded significant losses. In this analytical research report, we performed a correlation analysis of OKEx traded tokens using the method in the previous research, to find out how the […]

OKEx Technical Weekly: Oct 8, 2019

Technical analysis of this week’s crypto trading market A long way home: Road to recovery The prices of bitcoin started the week at 8200 levels as China returned from the National Week holidays. Over the weekend, the leading cryptocurrency briefly dipped into the 7700 area, before the rebound on Monday. Previously, OKEx Technicals explained why the area […]

Global Markets Review: September 2019

A nervous month — Global crypto events that matter Best of OKEx Market Commentary Greedy When Others Are Fearful? Party’s Over? How to play the altcoin rally and bitcoin waiting game? A Tale of Two Assets. What could trigger the next bitcoin rally? OKEx Technicals Weekly Technical: Sep 30, 2019 OKEx Quant The Dynamics of Bitcoin Hash Rate & […]