Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register account
Affiliate Program
cabinet icon

InstaForex – always at the forefront!Open a trading account and become a part of the InstaForex Loprais Team!

Success history of the team headed by Ales Loprais can become your success history! Trade confidently and head towards leadership like regular participant of Dakar Rally and winner of Silk Way Rally InstaForex Loprais Team does it!

Join in and win with InstaForex!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

Exchange Rates 19.07.2019 analysis

The most popular digital currencies continued their decline on Thursday, July 18, due to the pressure of financial regulators on the crypto asset Libra, developed by the social network Facebook. The situation is not expected to improve today, on July 19. On the contrary, the negative statements of the US authorities were supported by the Finance Ministers of the "Big Seven" (G7). Facebook management has promised not to launch Libra without the approval of regulators.

Recall, the US authorities expressed serious concern over the decision of Facebook to issue its own cryptocurrency Libra. The implementation of this initiative was planned in 2020. According to Steven Mnuchin, the head of the US Treasury, the Libra crypto asset can be used for money laundering and terrorist financing. Earlier, US President Donald Trump spoke critically about virtual currencies, considering them an unreliable asset and an easy tool in the hands of criminals. According to the head of the White House, if Facebook wants to become a bank, the company must go through the appropriate procedures and obey the laws on banking activities.

Experts believe that the situation with Libra will clear up after August 1. Next month, the US authorities will determine the further status of the cryptocurrency. The White House administration has notified Facebook of the need to take measures to protect against criminal activity. The authorities are not going to ban the digital asset, but require to remove vulnerabilities in Libra. It is necessary to find and eliminate errors in the project by 2020.

The leadership of Facebook has repeatedly been subjected to harsh criticism from the American authorities. Against the background of claims to the popular social network bitcoin rate per day fell by 0.8% to $9860. The Ethereum exchange rate fell by 0.59% to $218.8, ripple cryptocurrency (XRP) fell by 1.25% to $0.316, and Litecoin, which sank by 0.22%, was given at the auction of $92.1.

According to the observations of analysts, today is the deadline for the 37th day since Bitcoin reaches a level of $13920. Experts believe this is the day of the end of the correction. Experts also recommend monitoring the dynamics of altcoins. It is expected that most of them will overcome stagnation and grow in price.

According to financial strategists, in the near future, the cryptocurrency market will continue to fall due to pressure on Libra. According to preliminary forecasts, bitcoin will fall to $9800, Ethereum – to $200, XRP – to $0.31, and Litecoin – to $92.

Performed by Larisa Kolesnikova,
Analytical expert
InstaForex Group © 2007-2020
Benefit from analysts’ recommendations right now
Top up trading account
Get a bonus from InstaForex

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.