From Brexit to Bitcoin, Here’s What You Need to Watch for in 2019

Due to the major drops in crypto prices in 2018, digital currency investors should prepare for trends in 2019. Mati Greenspan, a market analyst and avid crypto trader, discussed questions many investors may have, and also trading patterns. The main reason he believes that crypto prices dropped, was because of the Fed’s tightening program. A lot of money came out of the system, since the Treasury was on the hunt for new buyers to pay off its debts.
Analysts think that the Fed will increase interest rates by an extra quarter point. Many economists are saying that they will continue to see more bonds being sold, until around Fall this year. Bitcoin investors are predicting that the top cryptocurrency, will remain in its slump, since it is experiencing a bearish correction. Not only will Bitcoin be experiencing this slump, but also other markets such as Dow Jones, Nasdaq, and S&P 500.
In other news, Greenspan believes that the US govt. shutdown is making a huge impact on the trade struggles between the U.S. and China. The GDP has dropped a little under the 6% level.
Trends to be on the lookout for are Brexit and Ripple. Since nobody knows the outcome of the China-US trade war and also Brexit, there could be high volatility in the market this year. This will produce gains for investors. If Brexit is on schedule and the United Kingdom’s divorce from the European market is successful, there would be a stable market period for the United Kingdom market. Greenspan is also a big fan of XRP. Since Ripple is taking over the banking world, there is a lot of opportunity for Ripple to shine in the market.

Leave a Reply

Your email address will not be published. Required fields are marked *


Harvard Purchased a Cryptocurrency!

Harvard University has recently bought into a

18 Apr, 2019

The SEC Publishes its Highly Anticipated Crypto Token Guide

Token issuers now have guidance from the

06 Apr, 2019

Subscribe To Our Newsletter

Keep in touch with the latest news and the most efficient ways to trade your digital cash today.