What awaits the cryptocurrency market? Crypto Special Report [Download]

October was a month of great emotions for all participants of the cryptocurrency market. A new, historic peak of quotations Bitcoin and the creation of the first, US ETFs based on futures contracts the oldest cryptocurrency, attracted the attention of many. What awaits the cryptocurrency market in the near future? You will find the answer to this question in a special one, among others Crypto Report prepared by XTB.

The cryptocurrency market has reacted strongly to information about the intensification of repression against trading and mining cryptocurrencies in China. However, the market's reaction to Beijing's actions once again turned out to be short-lived, as most miners moved their activities to other countries - mainly the USA and Kazakhstan. As a result, less than five months after China began its regulatory crackdown, the Bitcoin hash rate managed to recoup most of its losses, which, combined with several other factors, led to a price recovery. However, the main reason for the upward movement that began around the end of July was the expected debut of the first US ETF based on Bitcoin futures.

Bitcoin ETF already active - what next? 

ProShares Bitcoin Strategy ETF entered the NYSE on Tuesday, October 19, and in just the first two days of trading, it reached over $ 1 billion in assets. Admittedly, this is not the completely "clean" Bitcoin ETF that many investors have been hoping for, as it is based not on the spot price of the oldest cryptocurrency, but on the valuation of Bitcoin futures. However, according to many, this instrument may be another argument for institutional investors to diversify their portfolio with digital assets.

In the Special Report on cryptocurrencies you will learn:

• Which cryptocurrencies are the most willing to invest by large institutions?
• Which companies are leading the way in Bitcoin adaptation?
• Could Bitcoin rise above $ 100? 
• What's next for altcoins?

New cryptocurrencies available at XTB

The current bull rally on the Bitcoin chart and the bull market we observe on other cryptocurrencies have made thousands of investors interested in this market. Meeting the expectations of customers, XTB expanded its cryptocurrency offer in October. Next to the ones available so far Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple, customers XTB can also trade:

• Binance Coin
• Cardano
• chainlink
• Dogecoin
• EOS
• Polkadot
• Stellar
• tezos
• Uniswap