Courses of cryptocurrencies traded mixed on conflicting news

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The main cryptocurrency on Wednesday traded mixed amid conflicting news about the stock market. According Libertex, the rate of Ripple from 12:00 GMT 20 March decreased by 0.1% and by 12:00 GMT on 21 March was 0.69 dollars. The rate of Litecoin during this period of time increased by 0.15%, to 171.6 dollar. Ethereum per day has strengthened its position by 1.16% and is at 12:00 GMT 568,4 dollar.
Quite favorable to market critobulus was the statement by the Finance Ministers of the G20 countries that cryptocurrency is not yet a threat to the stability of the global financial system. However, they noted that cryptocurrencies carry obvious risks.
In addition, the brokerage company Robomarkets that works on European markets, announced the launch of contracts for difference bitcoin, Litecoin, Ripple and other coins paired with the us dollar. The news about the emergence of cryptocurrencies to new trading venues is traditionally increase in value, as more customers have access to trading.
Amid mixed news during the day, we can expect further diverging development rates of major cryptocurrencies: the Ripple rate will trade below $ 0.7 per dollar and Litecoin will stagnate at the level of $ 170. However, Ethereum has a chance to continue to grow and rise up to 580 dollars.
The Russian stock market on Wednesday, rising in anticipation of fed decision U.S. rate, which will be published in the evening. Market participants think that the financial regulator will raise rates for the first time in 2018. In addition, traders do not rule out possible hints on the likely tightening of monetary policy in the country. The RTS index rose 12:00 GMT on 0,49% – to 1262,11 item, index Mosberg increased by this time to 0.56% and amounted to 2304,05 points. It can be expected that during the day the market will move modestly positive, but will not make sharp movements, as investors take a wait before the announcement of the decision of the US fed rate. The MICEX index has a chance to strengthen to 2310-2320 points.
The ruble in the environment becomes more expensive relative to the dollar, but falling against the Euro, market participants are low, as they await news from the fed. In this world currency market the Euro/dollar is the us currency strengthening against the Euro. The dollar at 12:00 Moscow time the ruble fell by 4.25 pennies to 57,49 of the ruble, the Euro by this time rose by 22 kopecks, reaching 70.63 ruble.
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Ivan Marchena,
Analyst
GK Forex Club