In USD, BTC came close but fell just short of setting a new record.
The cryptocurrency also reached historic highs against AUD, CAD, and PLN.
Although Bitcoin (BTC) fell short by $200
of establishing a new ATH against the US dollar, it achieved this
milestone against several other fiat currencies. Most importantly, against the
euro, where the crypto asset surpassed €68,000 for the first time in history.
Bitcoin with a New ATH (Kind Of)
The leading cryptocurrency reached €68,000
on major exchanges, including Binance, marking its first all-time high against
the European currency since March. This breakthrough comes as Bitcoin
demonstrates remarkable strength against several major fiat currencies,
reflecting growing institutional adoption and market confidence.
Against the US dollar, Bitcoin tested the
$73,600 level on Binance this week. This means it came within less than $200 of
the previous ATH established on March 14 at $73,794.
Although the euro is the second most
important currency in the global trading system, it doesn't carry the same
weight in the cryptocurrency market. Hence, setting an ATH on the BTC/EUR chart
isn't as significant for investors as the BTC/USD pair.
Historical data shows that the vast
majority of trading volume occurs on dollar pairs or with dollar-based
stablecoins such as FDUSD, USDT, and USDC. The highest trading volume on the
BTC/EUR pair is generated by Bitstamp and Binance exchanges, where it amounts
to barely $40 million daily for each. In comparison, trading volume in Korean
won on the BTC/KRW pair on Upbit and Bithumb exchanges reaches nearly $400
million daily, ten times more.
Trading volumes on the BTC/EUR pair are rather modest compared to BTC/USD. Source: Coinranking.com
Antonio Di Giacomo, Senior Market Analyst at XS.com
“In the context of increasing
volatility in the cryptocurrency market, Bitcoin has surprised investors by
reaching an intraday high of nearly five months, climbing to an impressive
figure of around $73,600,” said Antonio Di Giacomo, Senior Market Analyst
at XS.com.
“This surge has brought the most
well-known cryptocurrency close to its all-time high of approximately
$73,800.00 dollars,” he explained. “Analysts point out that speculation surrounding the
potential victory of Donald Trump in the upcoming U.S. elections has been a
crucial factor behind this increase.”
The digital asset's performance extends
beyond the eurozone, with new records being established against multiple other
major currencies. The Australian and Canadian dollars have also witnessed
unprecedented Bitcoin valuations, highlighting the cryptocurrency's growing
influence in traditional financial markets.
Bitcoin to $200K
Major financial institutions are closely
monitoring Bitcoin's performance, with several predicting further upside
potential. Bernstein Research maintains an optimistic outlook, projecting
potential valuations reaching $200,000 by late 2025.
“By 2024 end, we expect Wall Street to
replace Satoshi as the top Bitcoin wallet,” commented Bernstein. “Ten
global asset managers now own ~$60Bn wrapped as regulated [exchange-traded
funds] compared with $12Bn in September 2022.”
Trading volumes have also remained robust,
with daily activity exceeding $47 billion. The cryptocurrency's technical
indicators suggest sustained momentum, with support levels consolidating around
key psychological barriers.
“The recent increase in Bitcoin's
price to levels close to its all-time high has been influenced by political
speculation in the United States and the actions of large investors,”
added Di Giacomo. “As elections approach, uncertainty and expectations
regarding the future regulatory framework for cryptocurrencies are factors that
will continue to impact the market.”
Today (Wednesday), 10X Research also
presented a positive forecast for Bitcoin, suggesting that the cryptocurrency
will reach $100,000 by January 2025.
Although these projections seem very
optimistic, BTC still has a long way to go to reach them. At the moment, one
BTC trades at $72,041 or €66,586 on Binance.
Although Bitcoin (BTC) fell short by $200
of establishing a new ATH against the US dollar, it achieved this
milestone against several other fiat currencies. Most importantly, against the
euro, where the crypto asset surpassed €68,000 for the first time in history.
Bitcoin with a New ATH (Kind Of)
The leading cryptocurrency reached €68,000
on major exchanges, including Binance, marking its first all-time high against
the European currency since March. This breakthrough comes as Bitcoin
demonstrates remarkable strength against several major fiat currencies,
reflecting growing institutional adoption and market confidence.
Against the US dollar, Bitcoin tested the
$73,600 level on Binance this week. This means it came within less than $200 of
the previous ATH established on March 14 at $73,794.
Although the euro is the second most
important currency in the global trading system, it doesn't carry the same
weight in the cryptocurrency market. Hence, setting an ATH on the BTC/EUR chart
isn't as significant for investors as the BTC/USD pair.
Historical data shows that the vast
majority of trading volume occurs on dollar pairs or with dollar-based
stablecoins such as FDUSD, USDT, and USDC. The highest trading volume on the
BTC/EUR pair is generated by Bitstamp and Binance exchanges, where it amounts
to barely $40 million daily for each. In comparison, trading volume in Korean
won on the BTC/KRW pair on Upbit and Bithumb exchanges reaches nearly $400
million daily, ten times more.
Trading volumes on the BTC/EUR pair are rather modest compared to BTC/USD. Source: Coinranking.com
Antonio Di Giacomo, Senior Market Analyst at XS.com
“In the context of increasing
volatility in the cryptocurrency market, Bitcoin has surprised investors by
reaching an intraday high of nearly five months, climbing to an impressive
figure of around $73,600,” said Antonio Di Giacomo, Senior Market Analyst
at XS.com.
“This surge has brought the most
well-known cryptocurrency close to its all-time high of approximately
$73,800.00 dollars,” he explained. “Analysts point out that speculation surrounding the
potential victory of Donald Trump in the upcoming U.S. elections has been a
crucial factor behind this increase.”
The digital asset's performance extends
beyond the eurozone, with new records being established against multiple other
major currencies. The Australian and Canadian dollars have also witnessed
unprecedented Bitcoin valuations, highlighting the cryptocurrency's growing
influence in traditional financial markets.
Bitcoin to $200K
Major financial institutions are closely
monitoring Bitcoin's performance, with several predicting further upside
potential. Bernstein Research maintains an optimistic outlook, projecting
potential valuations reaching $200,000 by late 2025.
“By 2024 end, we expect Wall Street to
replace Satoshi as the top Bitcoin wallet,” commented Bernstein. “Ten
global asset managers now own ~$60Bn wrapped as regulated [exchange-traded
funds] compared with $12Bn in September 2022.”
Trading volumes have also remained robust,
with daily activity exceeding $47 billion. The cryptocurrency's technical
indicators suggest sustained momentum, with support levels consolidating around
key psychological barriers.
“The recent increase in Bitcoin's
price to levels close to its all-time high has been influenced by political
speculation in the United States and the actions of large investors,”
added Di Giacomo. “As elections approach, uncertainty and expectations
regarding the future regulatory framework for cryptocurrencies are factors that
will continue to impact the market.”
Today (Wednesday), 10X Research also
presented a positive forecast for Bitcoin, suggesting that the cryptocurrency
will reach $100,000 by January 2025.
Although these projections seem very
optimistic, BTC still has a long way to go to reach them. At the moment, one
BTC trades at $72,041 or €66,586 on Binance.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
