Market evaluation of Bitcoin mini crash, Stocks slump & Pound’s woes

3 min read

It was all about Volatility this week in the financial markets of the World – Cryptos, Stocks & Forex. We saw some wild moves, some trend changes & some newsmakers. Bitcoin finally caved into the support which it had held for months, U.S stocks continued to exhibit weakness, Oil’s longest slump continued & Pound Sterling plummeted under the weight of Brexit concerns. Let’s preview some of the weekly numbers before looking at the individual moves. The most significant price movement was from Bitcoin with the break of its hard floor @ $5800 and a sharp rise in volatility that the…...

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Faisal Khan Faisal is based in Canada with a background in Finance/Economics & Computers. He has been actively trading FOREX for the past 11 years. Faisal is also an active Stocks trader with a passion for everything Crypto. His enthusiasm & interest in learning new technologies has turned him into an avid Crypto/Blockchain & Fintech enthusiast. Currently working for a Mobile platform called Tradelike as the Senior Technical Analyst. His interest for writing has stayed with him all his life ever since started the first Internet magazine of Pakistan in 1998. He blogs regularly on Financial markets, trading strategies & Cryptocurrencies. Loves to travel.