Trading wars bitcoin is not a hindrance

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The bitcoin exchange rate on 2 March to 18:00 Moscow time, according Libertex, increased by 1.3% to 10,815 thousand dollars 10,674 thousand at 18:20 GMT 1 Mar. The most famous cryptocurrency in the course of today’s trading, tried to rise, but could not resist at the level of 11 thousand dollars and rolled in a range 10,5-11 thousand.
The market capitalization of bitcoin to 18.00 MSK was about 183,7 billion to $ 181,5 billion at 18.20 MSK on March 1.
Western European stock markets in the second half of the day reduced by 1.3-2.2%. The pressure of news from the US about the impending introduction of duties on import of steel and aluminum in this country, which puts pressure on the shares of the European steel sector. In addition, it could lead to a trade war with the United States that, in General, negative for the situation of the stock markets.
Index Masuri to 18.09 GMT decreased from the start of trading on 0,7% to 2282 points, we expect that in the next session, the indicator will fluctuate in the range 2230-2330 points. The RTS index was reduced by 1.4% to 1256 points and the next auction is likely to fluctuate in the corridor 1240-1275 points.
The dollar 18.10 GMT added since the beginning of the session 0.7 percent against the ruble to 57.2 ruble, while the Euro rose in price by 1.2% to 70.5 rubles. In the next session, the U.S. currency will fluctuate in the range of 56.7-57.7 ruble, Euro – go into the corridor 69,3-71,7 rubles.
As for bitcoin, it remains above the important level of 10 thousand dollars and is trying to move higher, ignoring local decrease of demand for risk.
From the news it is interesting to note that the co-founder of the taxi service Uber’s Garrett camp announced plans to release its own virtual currency Eco. For the implementation of the project will be created a non-profit enterprise Eco Foundation, which plans to invest $ 10 million. Funding will come at the expense of own funds of the camp and a small number of partners.
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Ivan Marchena,
Analyst
GK Forex Club