FXBrokerFeed Reports a Bullish Cryptocurrencies Market, GBP/USD Price Rises

FXBrokerFeed reports that the price of the pound sterling rose amidst Brexit talks’ acrimony after it crashed last week. Most cryptocurrencies have returned to the bullish track following the bearish run for some time now.

Ontario, Canada - March 9, 2020 /NewsNetwork/ —

FXBrokerFeed reports that the price of the pound sterling rose amidst Brexit talks’ acrimony after it crashed last week. On the other hand, most cryptocurrencies have returned to the bullish track following the bearish run for some time now. Whitecoin, ICX, Waves, and ABBC were the top gainers, even as Bitcoin rallied past the $9,000 price mark. Forex Broker comparison service, FXBrokerFeed, brings you the latest news updates and comments in the FX Broker Market, featuring GBP/USD price surge and the bullish run of cryptocurrencies.

Cryptocurrencies Bounces Back to Bullish Track

FXBrokerFeed reports that the latest Bitcoin price analysis shows that BTC/USD rose past the $9,000 price mark this week, even though all odds point to the prediction that the downward trend is not over yet.

The market situation is one clouded with lots of bearish pressure, notwithstanding the jump in the price of Bitcoin on Thursday. Should BTC/USD bulls be able to establish their position by ensuring the price of the pair trades above $9,200, all suggestions of an impending breakdown will be likely disregarded.

Meanwhile, many other digital assets bounced back to the bullish track with Whitecoin recording the most appreciation. According to findings by FXBrokerFeed, the cryptocurrency rose by about 1,074% in 24 hours. “Other cryptocurrencies like ICX, Waves, and ABBC appreciated with 14.2%, 15.3%, and 21.5%, respectively,” FXStreet reported.

Notwithstanding, cryptocurrency traders continue to trade with caution, with many staying off trading amidst an uncertain market trend.

GBP/USD Surges past the 1.30 Price Mark

The British pound limited gain amidst Brexit talks’ acrimony ensured GBP/USD traded above the 1.30 price zone. FXBrokerFeed confirmed the pair’s gain, even as the world continues to battle the spread of coronavirus.

Experts, however, believe that the rise in price is temporary because the RSI indicator shows that the pair is overbought. The RSI, which is above 70, implies that a reversal in market trend is looming.

Traders can take advantage of FXBrokerFeed’s 30-day free trial and register here: https://fxbrokerfeed.com/register-now/.

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Source: NewsNetwork

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