{"id":15960,"date":"2020-05-08T08:09:46","date_gmt":"2020-05-08T06:09:46","guid":{"rendered":"https:\/\/bernstein-bank.com\/?p=15960\/"},"modified":"2020-05-08T08:09:46","modified_gmt":"2020-05-08T06:09:46","slug":"bitcoin-sets-another-record-whos-gonna-suffer-from-halving","status":"publish","type":"post","link":"https:\/\/bernstein-bank.com\/en\/bitcoin-sets-another-record-whos-gonna-suffer-from-halving\/","title":{"rendered":"Bitcoin sets another record. Who&#8217;s gonna suffer from halving?"},"content":{"rendered":"<table cellspacing=\"0\" cellpadding=\"4\">\n<tbody>\n<tr>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">Gold<\/span>\u00a0 \u00a01693,50<br \/>\n(<span style=\"color: #ff0000;\">-1,30%<\/span>)<\/h4>\n<\/th>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">EURUSD<\/span>\u00a0 \u00a01,0799<br \/>\n(<span style=\"color: #ff0000;\"> -0,30%<\/span>)<\/h4>\n<\/th>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">DJIA<\/span>\u00a0 24115<br \/>\n(<span style=\"color: #008000;\">+1,14%<\/span>)<\/h4>\n<\/th>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">OIL.WTI<\/span>\u00a0 25,095<br \/>\n(<span style=\"color: #008000;\">+1,55%<\/span>)<\/h4>\n<\/th>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">DAX<\/span>\u00a0 \u00a010609<br \/>\n(<span style=\"color: #ff0000;\">-1,05%<\/span>)<\/h4>\n<\/th>\n<\/tr>\n<\/tbody>\n<\/table>\n<p align=\"justify\">The first trading week of May will end on Friday. Throughout the week, we watched the world cool a little bit from the Coronavirus Pandemic news flurry and the economy learn to live in the new realities. There is still a long recovery process ahead, which is already slowly beginning to gain momentum.<\/p>\n<p style=\"text-align: center;\"><strong><br \/>\nBITCOIN<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-15961 aligncenter\" src=\"https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2020\/05\/BITCOIN.png\" alt=\"BITCOIN\" width=\"600\" height=\"263\" \/><\/p>\n<p align=\"justify\">On Thursday, we learned that more than 3 million new jobless people were added to the U.S. over the week. These are big numbers, but this is the lowest number in 3 weeks. Probably, investors have already put the pessimistic unemployment forecast into their trading strategies, so investors did not react much to these data. What they will care most about is how fast the USA will recover from the crisis after the recession. Markets on Thursday were trading in a positive mood. DAX rose by 1.44%, while S&amp;P500 is pulling out technology and communications again. It is up 1.4%, but still below 3000.<\/p>\n<p style=\"text-align: center;\"><strong><br \/>\nEuro<br \/>\n<\/strong><\/p>\n<p>The Euro rebounded from the support at 1.0760 and is consolidating near the level of 1.0830. Now most of the currencies are under observation and are not making strong price movements. The Euro is still weak and will remain so until there are signs of economic recovery in Europe. The German court also had some influence on the Euro, which started the process against ECB in a very difficult time. Instead of thinking about how to get the economy out of decline more quickly, Christine Lagarde should answer to the German court and explain her actions.<\/p>\n<p style=\"text-align: center;\"><strong><br \/>\nGold<br \/>\n<\/strong><\/p>\n<p align=\"justify\">There&#8217;s no way gold can get out of the side. On Thursday, there is another attempt to consolidate above $1700 per ounce. Gold doesn&#8217;t have enough good news background to try to reach the historic highs. The relative strengthening of the dollar and the weakening of the quarantine measures are holding back the precious metal&#8217;s rise. So far, the growth forecast is not canceled. The situation in the world has not become better and the quarantine result will be seen later, when the companies that cannot be saved will go bankrupt.<\/p>\n<p style=\"text-align: center;\"><strong><br \/>\nBitcoin<br \/>\n<\/strong><\/p>\n<p align=\"justify\">On Thursday, the first cryptocurrency broke through 9500 with a strong movement and quickly reached 9800, which is so close to the coveted $10000 for 1 BTC. Almost all crypto media are hipped in the upcoming halving and this has a big impact on demand. But we know that the bitcoin market is unstable and can move in the opposite direction at any moment. According to the analysis of &#8220;whales&#8221; wallets of the crypto market, we can see that they have stopped accumulating bitcoins and are most likely prepared to sell on highs. This is an alarming sign, because usually at such moments, a large number of coins are drained to the crypto beginners who buy on the news, and the price falls quite low and fast. In the face of serious growth, it would be worth refraining from buying cryptocurrency at this time and watching the hustle and bustle of halving.<\/p>\n<p style=\"text-align: center;\"><strong><br \/>\nWhat&#8217;s waiting for us today?<\/strong><\/p>\n<p align=\"justify\">13.00 Trade balance in Germany<br \/>\n14.30 Change in the number of non-agricultural employment in the United States<br \/>\n14.30 US unemployment rate<\/p>\n<hr \/>\n<p style=\"text-align: center;\" align=\"justify\">Important Notes on This Publication:<small> <\/small><\/p>\n<p align=\"justify\"><small>The content of this publication is for general information purposes only. In this context, it is neither an individual investment recommendation or advice nor an offer to purchase or sell securities or other financial products. The content in question and all the information contained therein do not in any way replace individual investor- or investment-oriented advice. No reliable forecast or indication for the future is possible with respect to any presentation or information on the present or past performance of the relevant underlying assets. All information and data presented in this publication are based on reliable sources. However, Bernstein Bank does not guarantee that the information and data contained in this publication is up-to-date, correct and complete. Securities traded on the financial markets are subject to price fluctuations. A contract for difference (CFD) is also a financial instrument with leverage effect. Against this backdrop, CFD trading involves a high risk up to the point of total loss and may not be suitable for all investors. Therefore, make sure that you have fully understood all the correlating risks. If necessary, ask for independent advice.<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold\u00a0 \u00a01693,50 (-1,30%) EURUSD\u00a0 \u00a01,0799 ( -0,30%) DJIA\u00a0 24115 (+1,14%) OIL.WTI\u00a0 25,095 (+1,55%) DAX\u00a0 \u00a010609 (-1,05%) The first trading week of May will end on Friday. Throughout the week, we&#8230;<\/p>\n","protected":false},"author":37,"featured_media":13158,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-15960","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin sets another record. 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