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Hello Everybody,

We’ve received Tezos!!

Looks like a very cool blockchain. Like Libra, the Tezos firm is headquartered in Switzerland. In contrast to Libra their ICO in 2017 raised a record-breaking $232 million, although it was shrouded with controversy and loads of drama.

The primary focus of this distinctive blockchain is sensible contracts and safety token choices, which is true consistent with one among our objectives in eToro to assist tokenize all monetary belongings.

It does appear to be they’re properly on their method too. As just lately as final month, Tezos partnered with Dalma Captial, one among Brazil’s largest banks, in a possible billion-dollar deal.

So far as worth, it is among the greatest performing cryptos this yr with a complete achieve of 331% from January 1st till immediately. The token can also be strongly positioned as one that may profit drastically if we do see extra crypto-friendly laws in the USA.


eToro, Senior Market Analyst

In the present day’s Highlights

  • Dow Plunge
  • Yuan Devaluation
  • Profitable Half
Please notice: All knowledge, figures & graphs are legitimate as of August sixth. All buying and selling carries danger. Solely danger capital you'll be able to afford to lose.

Conventional Markets

Following the Fed’s minimize and the renewal of Trump’s commerce conflict, markets have seen a large sell-off. Right here we will see the Dow’s slide of eight%. On Friday we talked about a good probability of testing the 200 DMA (blue line), a degree that we’ve been toying with as we speak.
As you possibly can see, we’re getting a little bit of a bounce this morning and the query now turns into will the worth flip round from right here or will we head in the direction of the lows from December?

Greater than Seven

The US-China commerce warfare reached a milestone too because the USDCNH surpassed 7 Yuan to the Greenback for the primary time because the monetary disaster.

Bitcoin Connection?

Some individuals have gone as far as to say that the rally we had in bitcoin is a direct results of the falling Yuan. In fact, that is one attainable rationalization, however so is Brexit for that matter.

The potential of a no-deal Brexit might very nicely have individuals hedging themselves towards the potential of one other giant leg down for the Pound Sterling.

Because of the nameless nature of bitcoin, it’s extraordinarily troublesome to inform precisely the place the demand is coming from. The availability elements in fact, haven't modified by a lot.

The availability aspect has nevertheless modified for Litecoin over the weekend, who has seen a really profitable block reward halving occasion. There was a minor pop within the worth of LTC across the occasion nevertheless it’s now again to the place it’s been holding regular for the previous few weeks.

All in all, Litecoin is up 333% because the mid-December lows, making the run as much as the halving pretty vital. As we’ve been saying, these sort of issues generally tend to get priced into the markets properly earlier than they happen and on this case we will see the manufacturing of latest cash dropped in half and the worth per coin has tripled.

Let’s have an superior day!

Greatest regards,

Mati Greenspan
Senior Market Analyst

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