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2023-03-21 12:00:31 Initially released in a limited amount on January 3, 2009, Bitcoin is one of the most popular cryptocurrencies today.

What is the primary driver of Bitcoin’s growth?

In 2023, Bitcoin experienced a significant surge, with its price surpassing $26.500 for the first time since the summer of 2022. The past week was particularly eventful for Bitcoin — in just a few days, three major US banking institutions that served crypto companies were closed or taken under US regulators’ control.

Following the collapse of the Silicon Valley Bank, a major lender for Silicon Valley startups, Bitcoin’s price rose by about 28.5%. This increase coincided with the latest CPI data, which showed a 0.4% gain in February.

Why should you invest in Bitcoin?

Investing in Bitcoin may be advantageous, given the current situation with US banks. The collapse of these institutions could have a similar effect on Bitcoin’s price as the 2013 crisis in Cyprus did, during which Bitcoin’s price doubled in just two weeks. There are several reasons why this scenario could occur.

First of all, Bitcoin’s decentralization prevents regulators from directly affecting it. The drastic situation with American banks could increase the outflow of funds to other jurisdictions.

Secondly, the Fed may be forced to resort to dollar-printing to support banks, which could further boost the interest in Bitcoin.

Finally, the regulator may choose to step back from raising interest rates, fearing that doing so would increase high-risk assets’ prices and result in a sharp drop in bond yields.

Take advantage of Bitcoin fluctuations on our platform in Forex mode

Try now

Olymp Trade English Open / Comment

2023-03-20 11:31:00 Did our economic calendar help boost your profits last week?

Let’s take a look at the previous week’s top performers and explore the profit potential for Forex trades.

Goldman Sachs stock price fell amid the bankruptcy and closure of Silicon Valley and Signature banks. Investors are concerned about their prospects.
The British pound (GBP) strengthened on the back of the US dollar’s decline, caused by instability in the US banking sector.
Bitcoin plummeted to $20,000. This was offset, however, by a rapid 16% growth when investors and traders rushed to buy.

What do you think about these events? Share your opinion in the comments.

Do you think these trends will persist until next week? React with or .

Olymp Trade English Open / Comment

2023-03-17 11:00:56 Meta Platforms Inc. (until October 28, 2021 — Facebook Inc.) is an American multinational holding company, the parent of Facebook, Instagram, WhatsApp and Oculus. It’s one of the Big Five tech giants, along with Amazon, Alphabet (owns Google), Apple and Microsoft.

Why did Meta stock grow?
Meta stock rose 10% last week after the news about price cuts for VR headsets. For investors, it signalled the possibility of development of new similar devices, and an opportunity for growing demand for Meta products.

Meta stock prospects
Despite the buzz around the metaverse, the future of Meta stock, first of all, depends on the ad targeting and the state of the economy. At the moment, the price is merely climbing to its previous level after the report in early February.

How to trade Meta stock
In the Olymp Trade’s FX mode, you can profit both on the fall and rise in the prices of the US companies’ assets.
When using the x20 multiplier, a 1% price change gives a 20% potential profit.

The average movement of META stock:
Per day: 4% (x20 = 80%)
Per week: 10% (x20 = 200%)

Olymp Trade English Open / Comment

2023-03-16 15:00:23 Scalping is a speedy trading strategy aimed at a quick profit. A trader enters the market for a few seconds or minutes, and then leaves after benefiting from small price changes. A good scalper should be disciplined, experienced and able to keep emotions under control.

There are some useful indicators to make predictions better.

CCI (Сommodity Сhannel Index): shows the current deflection of a price from its average value.
MA (Moving Average): helps to predict the direction of a price movement and determine market entry and exit points.
Stochastic Oscillator: indicates the position of a closing price relative to its maximum values over a certain period.
MACD (Moving Average Convergence / Divergence): helps to predict price fluctuations and understand the direction of a trend and its reversal points.
RSI (Relative Strength Index): helps to analyze the strength of a trend and the probability of its change.

Two popular approaches to consider:

Intuitive trading: the direction is chosen randomly. Traders enter the market and wait a few minutes to close a position after making a profit.
Trading on reversals: the point is to catch steady price growth. Even if such a trend persists, at some point, the value slightly rolls back, which could be a good entry point.

Make sure you use a powerful device for this strategy. Read our trading tips, pick the strategy to your liking, and build your own path with Olymp Trade.

Olymp Trade English Open / Comment

2023-03-16 14:02:25 Alibaba dropped by 13.66% in a month

Alibaba Group is China’s e-commerce giant. The company ran into an enormous $3 billion antitrust fine after its founder Jack Ma criticized local financial regulators. The conflict also triggered Ant Group’s IPO suspension in 2020.

Why is Alibaba stock declining?
​​China’s zero-tolerance policy regarding COVID-19 has taken its toll on Alibaba. Despite a positive quarterly report issued on Feb. 23, the bulls still prefer to steer clear. Its stock is still over 70% below its all-time high since Oct. 2020 due to a risk of delisting on US exchanges.

Why should you invest in Alibaba Group stock?
– China’s economy is improving and regulators are starting to relax their grip.
– The company’s cloud business is growing. Although Alibaba Cloud is still lagging behind Amazon Web Services, Microsoft Azure and Google Cloud, the trend is positive.
– Jack Ma has left Ant Group, which opens the door for Ant Group’s IPO. It could mean a significant cash injection for Alibaba.

Now that you have all the info, it’s high time to open trades on Alibaba stock in the platform’s Forex mode

Olymp Trade English Open / Comment

2023-03-16 13:02:35 Here’s some more basic trading info for you. We broke down bearish and bullish single candlestick patterns in simple diagrams to help you understand trend reversal signals.

Bullish patterns form when the price has been falling, but buyers are about to outnumber sellers.

Bearish patterns, on the other hand, appear when the trend is still moving upwards, but sellers are pushing the price down.

Save this post and keep building your knowledge base.

Olymp Trade English Open / Comment

2023-03-15 14:24:13 In this new video, Olymp Trade’s expert talks about risks and money management in trading, confirming trading signals and more.

This video will help you:

Reduce your losses and secure your profits.
Use different timeframes for cross-checking your signals.
Make sure your strategies work as intended and provide you with good entry points.
We’ve also snuck in a surprise announcement! Watch to find out what it is and get a chance to win a prize

Olymp Trade English



Open / Comment

2023-03-15 12:01:43 Can you find the solution?

Best of luck

Pick the correct answer from the options below!

Olymp Trade English Open / Comment

2023-03-14 13:27:15 Guess the stock!


Apple - 69
60%
Disney - 27
23%
Google - 19
17%
115 человек уже проголосовало. Open / Comment

2023-03-14 12:30:23 Pending orders enable you to open an Up or Down trade automatically when certain conditions are met. This feature is available in FX mode.

You can set a pending order to be executed:

at a specific time
when the price reaches a specific level


Here’s how to place a pending order:

Activate this feature in Settings → Orders.
Choose an asset and a desired trade amount.
Click Enable Orders on the right side of the chart to set a pending order by time or price.

Pending orders can save you quite a bit of time. You can just go about your day or explore the market instead of constantly monitoring the price.

Olymp Trade English Open / Comment