Esperio: Bitcoin May Continue Dropping by the End of October
Wednesday,26/10/2022|08:43GMTby
FM
Cryptocurrency volatility is much higher than the in the stock market.
Bitcoin prices have slightly recovered in the first week of October after flabby sideways movements in late September. It seems that major cryptocurrencies like Bitcoin and Ethereum have strong correlation to the risky assets, following movements of Nasdaq and S&P 500 indexes.
Indeed, these assets are the leading indicators of the cryptocurrency market, but crypto currencies volatility is much higher than the in the stock market.
Nobody should be tricked by any upside movements of Bitcoin since it may continue down any proper moment following decline in the U.S. stock market. Esperio analysts believe that the bearish trend continues and may lead the primary cryptocurrency to $15,000 per coin as it first target. But before that we may see some ups and downs as the market is not ready for a serious decline now.
The proper moment may emerge in the end of October, and the beginning of November. And the first driver for a downturn in the crypto market could be a quarterly report of Credit Suisse that is already troubling investors’ minds with a possible insolvency.
In case of a worse-than-expected earnings report other troubled large financial institutions like Deutsche Bank or Goldman Sachs may become a next target for sell-offs driving financial and banking sector down. This may sound an alarm for all risky assets as investors would try to escape in safe haven U.S. government debt.
The next terrifying milestone would be the Federal Reserve (Fed) meeting in early November, where tough interest rates hike decisions is expected. And it seems that the Fed, and likely the European Central Bank (ECB) are not going to step on the breaks in order to get back the control over high inflation.
Even if the market would more or less survive these negative issues a strong debt crisis in various forms is likely to follow. Rising interest rates would curb economic activity, and mortgage market is likely to be the first to suffer.
This would put a serious pressure on digital assets, with Bitcoin leading the downturn towards $5,000-6,000 per coin by the end of this year.
About Esperio broker
Esperio International broker has been operating in the retail trading industry since 2012. The company has won many awards from professional trading associations and expert communities: The Best CryptocurrencyBroker-2022, The Best Affiliate Program-2022 and The Best Forex Broker-2021 by World Forex Award.
Together with the leading global fintech financial information provider Trading Central, Esperio offers trading information solutions and top market expertise to facilitate client’s trading success.
There are hundreds of available assets to trade, and the list is constantly updated. ETFs, stocks, indexes, commodities, cryptocurrencies, and regular currencies are among the major asset classes available to clients.
Esperio also offers a Copy Trading service with easy-to follow access to other traders if they don’t want to go through the hassle of the trading process. Clients with a deposit above $50,000 are given access to exclusive VIP services.
Esperio is celebrating its 10-year anniversary and is granting VIP GOLD status to its clients who deposit an additional $100 into their trading accounts and also to all new clients who deposit $100+ from October 10 to October 31, 2022.
VIP GOLD Status provides special service advantages and exclusive investment and trading conditions, including Empower Cashback of 13% of the trader’s trading operation expenses, personal financial assistant available 24/7, monthly interest payments at 3% on client’s trading balance, and compensation for negative swaps at 20% of the total monthly swap amount. Further information about GOLD status VIP services is available on the Esperio website.
Bitcoin prices have slightly recovered in the first week of October after flabby sideways movements in late September. It seems that major cryptocurrencies like Bitcoin and Ethereum have strong correlation to the risky assets, following movements of Nasdaq and S&P 500 indexes.
Indeed, these assets are the leading indicators of the cryptocurrency market, but crypto currencies volatility is much higher than the in the stock market.
Nobody should be tricked by any upside movements of Bitcoin since it may continue down any proper moment following decline in the U.S. stock market. Esperio analysts believe that the bearish trend continues and may lead the primary cryptocurrency to $15,000 per coin as it first target. But before that we may see some ups and downs as the market is not ready for a serious decline now.
The proper moment may emerge in the end of October, and the beginning of November. And the first driver for a downturn in the crypto market could be a quarterly report of Credit Suisse that is already troubling investors’ minds with a possible insolvency.
In case of a worse-than-expected earnings report other troubled large financial institutions like Deutsche Bank or Goldman Sachs may become a next target for sell-offs driving financial and banking sector down. This may sound an alarm for all risky assets as investors would try to escape in safe haven U.S. government debt.
The next terrifying milestone would be the Federal Reserve (Fed) meeting in early November, where tough interest rates hike decisions is expected. And it seems that the Fed, and likely the European Central Bank (ECB) are not going to step on the breaks in order to get back the control over high inflation.
Even if the market would more or less survive these negative issues a strong debt crisis in various forms is likely to follow. Rising interest rates would curb economic activity, and mortgage market is likely to be the first to suffer.
This would put a serious pressure on digital assets, with Bitcoin leading the downturn towards $5,000-6,000 per coin by the end of this year.
About Esperio broker
Esperio International broker has been operating in the retail trading industry since 2012. The company has won many awards from professional trading associations and expert communities: The Best CryptocurrencyBroker-2022, The Best Affiliate Program-2022 and The Best Forex Broker-2021 by World Forex Award.
Together with the leading global fintech financial information provider Trading Central, Esperio offers trading information solutions and top market expertise to facilitate client’s trading success.
There are hundreds of available assets to trade, and the list is constantly updated. ETFs, stocks, indexes, commodities, cryptocurrencies, and regular currencies are among the major asset classes available to clients.
Esperio also offers a Copy Trading service with easy-to follow access to other traders if they don’t want to go through the hassle of the trading process. Clients with a deposit above $50,000 are given access to exclusive VIP services.
Esperio is celebrating its 10-year anniversary and is granting VIP GOLD status to its clients who deposit an additional $100 into their trading accounts and also to all new clients who deposit $100+ from October 10 to October 31, 2022.
VIP GOLD Status provides special service advantages and exclusive investment and trading conditions, including Empower Cashback of 13% of the trader’s trading operation expenses, personal financial assistant available 24/7, monthly interest payments at 3% on client’s trading balance, and compensation for negative swaps at 20% of the total monthly swap amount. Further information about GOLD status VIP services is available on the Esperio website.
FBS Research Examines Cryptocurrency's Impact in Hyperinflated Economies
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24
Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24