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What Caused the Christmas Crypto Rally?




Crypto has been through a lot in the past 12 months, and while the last year’s situation indicated that big things might happen, 2018 quickly crushed such hopes.

On December 16th 2017, the crypto space, led by Bitcoin itself, reached the heights that no one even imagined a few years earlier. Each Bitcoin was valued at $19,000, and the market was worth hundreds of billions of dollars. The situation did not last, however, and the market crashed in early January 2018, bringing digital currencies back down.

For months, Bitcoin was managing to resist the bear trend at around $6,400. However, this situation changed in mid-November, after the second market crash in 2018. The number one coin soon dropped down to $3,200, and many believed that this is only a beginning of a downward spiral that will take it all the way down to zero.

However, that is when something happened, and the situation took an unexpected turn. On December 17, exactly one year after BTC hit $19,000, the coin started growing once again. For an entire week since the crypto market has been trading in the green, and experts are still struggling to find a reason why.

The rally brought Bitcoin’s price to above $4,200, effectively increasing its value by $1,000 within a few short days. However, the growth of the crypto market managed to overperform even Bitcoin itself, and the market grew by $40 billion within a single week.

As mentioned, other coins joined the new surge, with EOS having the largest gains of over 20%. While Bitcoin Cash and c also saw massive increases, many believe that they are still attempting to stabilize after the mid-November BCH fork.

The rally has provoked expert opinions and educated guesses from analysts around the world. While some believe that this is a beginning of something big for the crypto space, others claim that it is just a temporary boost which will quickly end. Meanwhile, experts are also trying to find a reason behind the boost, with some of them, such as eToro’s Matt Greenspan, believing that it has something to do with trading strategies.

According to Greenspan, people are trying to reduce their own exposure during the holidays by closing out high-risk sell positions. This creates higher prices, which results in a rally such as the one that the market is experiencing right now. However, Greenspan’s explanation also predicts that things will change soon, and that crypto prices are about to slide back down.

Unfortunately for traders, this has already started happening, and the market is experiencing new massive drops in prices as of December 25th. Bitcoin price has already dropped down to $3,828 at the time of writing, with the coin losing around 10% of its value in the last 24 hours. Bitcoin Cash, the fourth largest crypto by market cap, is experiencing the greatest losses among the top 10 largest coins, with a drop of over 23%.

What will happen next in crypto?

It appears that Greenspan’s prediction was the right one after all, at least for the time being. It is impossible to say if cryptos will just drop down to the prices experienced prior to the rally, or if they will continue sliding even further. However, investors remain optimistic about the future, with many of them being convinced that things will change in 2019.

Several things of great importance for the crypto world are expected in 2019, such as the Bakkt exchange and Bitcoin ETF approval. If they do arrive, as many hope they will, cryptos may experience their largest surge yet. As always, there are also those who claim that the coins will continue to go down until they are worth only a fraction of their current prices.

The lack of regulations and high volatility are making any reliable predictions next to impossible to make, which is why investors have no choice but to wait and see what will happen.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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How Can Foreigners Get Loans in Singapore



loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors




When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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CoinFlip Scores Big with BRD Wallet Partnership




As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies like Bitcoin and Dash, to help protect their assets and hard-earned…

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