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2023-03-21 18:51:04 Kindly note that these changes do not affect your CEX.IO account Open / Comment

2023-03-21 18:40:04 CEX.IO Broker pinned a photo Open / Comment

2023-03-21 18:38:06 Bro! As our user, you must have noticed that our trading platform has moved to MyBro. So, now it's time to move to the MyBro Telegram channel!

A fresh XRP/USD analysis is already waiting for you there — feel free to join Open / Comment

2023-03-20 15:25:06 Where's the Bitcoin price going?

Recently, $BTC jumped beyond $28,500, so everyone is certainly wondering where it will move next.

Bro, to be honest, there's never one right answer. BTC is a highly volatile asset influenced by a ton of almost random factors. However, we can assess these factors to raise our awareness!

For instance, even the opinions of two prominent financial figures, Robert Kiyosaki and Peter Schiff, differ (related to considering Bitcoin an inflation hedge).

Kiyosaki is for it, while Schiff is against it

Do your own research on their backgrounds if you want to learn why they think so, but, more importantly, never hesitate to build up your own vision Open / Comment

2023-03-18 16:22:23 And we live it Open / Comment

2023-03-17 15:15:06 Why and how Bitcoin correlates with the stock market?

Generally, correlation is a statistical relationship between several values, where a change of one value causes a similar or an opposite change of another.

Bro, Bitcoin usually correlates with the stock market but hasn't always been so. BTC lived its own life, but approximately in 2020, institutional investors came in. They brought their strategies, behavior, and money. As a result, Bitcoin's market cap knocked on the $1 trillion's door.

Oct. 19, 2021, the first crypto ETF from Bitcoin Strategy Fund was released on the NYSE: that may be considered a point where institutionals took over the BTC price, giving it a significant correlation.

But when the №1 crypto goes the opposite?

When institutionals use it for hedging. Bitcoin was born in the wake of the crisis as an escape from national economies. Thus, when Silicon Valley Bank crashed, a vast amount of capital was infused in $BTC — people were scared of the possible economic collapse. Open / Comment

2023-03-15 15:45:06 Should I trade crypto or stocks?

Bro, if you ask yourself this question, firstly, decide how actively you want to trade:

If you want to have more time to think and analyze assets deeply, stocks may suit your style well
If you like diversity and intensity, you may enjoy the crypto market

This difference is mainly caused by volatility — it's regularly higher in crypto

Hit if you knew that and if you didn't! Open / Comment

2023-03-14 20:08:06 Bitcoin soared to $26K

Bro, BTC/USD is rocking today's #Communitymetre! Let's see why it reached its 9-month-high.

The US finance regulators promised to help the depositors of SVB and Signature Bank.
Western Alliance Bancorp and First Republic Bank shares fell by 80% and 50%.
Joe Biden claimed the US banking system is safe. Right after, Bitcoin rose by 6%.
Binance announced it would convert $1B worth of $BUSD to BTC and other cryptos.
The core rate of US inflation increased to 0.5%.

All that became a solid background for $BTC growth

And what do indicators say about this?
The price has been moving from the lower Bollinger band and, amid the news, increased sharply, hitting the upper band twice. On the 4h chart, MACD lines are moving almost in parallel and showing no intentions of having an intersection: this supposes that the uptrend is tending to last. The 1d chart looks optimistic too.

Don't miss the party & trade BTC/USD on CEX.IO Broker without fees Open / Comment

2023-03-13 14:54:06 The Silicon Valley Bank has collapsed, shaking the crypto & tech industry

Bro, it's the thing we definitely should start the week with. Some call this the second-largest bank crash since Washington Mutual Bank in 2008, and it sounds true. So let's unwrap what's happened.

Silicon Valley Bank is the leading bank for the US startup industry (2600+ companies) and many crypto firms. On December 31, it had $209.0 billion in total assets and about $175.4 billion in total deposits.

On March 8, the bank released a financial update that showed it sold $21 bn worth of its securities holdings for a $1.8 bn loss.
March 9, SVB launched a $2.25bn share sale to raise additional capital.

Considering the situation with Silvergate Bank, people began to worry. Therefore, the bank's parent company shares slithered by 62%.

After, it was uncovered that five crypto-focused ventures advised portfolio companies to withdraw funds from SVB.
March 10 Nasdaq stopped operations with SVB Financial Group shares.
The same day, DFPI closed SVB and transferred the control to FDIC, which created the Deposit Insurance National Bank of Santa Clara to help the depositors.

The main startup driver has fallen, which may be a significant slowdown for the sphere. Not only because companies stored their operational cash there but also because of the loss of a substantial credit provider.

However, we're not finished yet.

$USDC has lost its peg and fell to $0.88. $DAI and $FRAX followed by $0.899 and $0.889.

March 11 Binance has temporarily suspended auto-conversion of $USDC to $BUSD.
Next, the USDC issuer Circle tweeted: "...$3.3 billion of the ~$40 billion of USDC reserves remain at SVB".
A bit later, Coinbase announced they paused USDC:USD conversions.

That caused a sharp price decline, leading to troubles for many others. For example, DAI was 54% backed by USDC, and here's why it was not the best idea.

All this means the financial entities must change to gain stability. So, probably, we'll see more control and less trust shortly. Would you like it or not, Bro? Open / Comment

2023-03-12 13:31:06 Have you ever had that feeling, Bro?

Every trader has such moments. Don't worry! Open / Comment