empty
InstaForex Loprais Team - Official participant of the Dakar rally
InstaForex Loprais Team - Official participant of the Dakar rally
This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.
Start as Beginner
How to start trading
Useful information
Training and recordings
InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.
Become Investor
PAMM System
ForexCopy System
Passive investments
Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.
Become Partner
Main Page
Partner Area
Advantages for Affiliates
Registration
This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.
All Promo Campaigns
Bonuses
Contests
Events
Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.
Full details
Forums
We are in social networks
Forex humour
Forex Portal
InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.
Learn More
History
Why Choose Us
InstaSport
Regulation
Company News
Awards
InstaForex Stars
InstaForex Offline
Headquarters
Key documents
Social Responsibility
19.07.2021 05:32 PM
Bank of America offers bitcoin futures trading
Open trading account Open demo account

Treasury Secretary Janet Yellen is meeting with the highest financial and banking regulators in the United States on Monday, June 19, to discuss rules for so-called stablecoins - a major part of the cryptocurrency market where government officials have no access and where their supervision is minimal.

"The meeting of the presidential working group on financial markets will discuss interagency work with stablecoins," the Treasury Department said in a statement. In addition to the Treasury Secretary, the working group will include the heads of the Federal Reserve System, the leadership of the Securities and Exchange Commission, and the Commodity Futures Trading Commission. The meeting will also be attended by two banking regulators: the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation.

This image is no longer relevant

Yellen believes this meeting will help assess the potential benefits of stablecoins and reduce the risks they pose to consumers. First of all, of course, we are talking about the cryptocurrency market, in which stablecoins are used in the bulk, replacing ordinary fiat money. "In light of the rapid growth of digital assets, it is important for agencies to work together to regulate this sector and develop joint recommendations," Yellen said in a statement.

It is far from clear what the outcome of the meeting will be, but the fact that US regulatory and supervisory authorities are paying serious attention to stablecoins is not surprising. Quite a lot has already been said about the fact that the United States is planning to release its digital currency, and stablecoins are direct competitors that have no place in the American economy. Well, at least that's what the US Federal Reserve and the Treasury believe. Thus, given that China has already dealt a significant blow to this market by reducing the turnover of USDT (tether) in its country and banning the mining of cryptocurrencies, it will be quite difficult for stablecoins to exist in this world, but, of course, it is still very far from their extermination.

Bank of America

The good news came today from Bank of America, which is the second largest bank in the United States. It is reported that it has approved bitcoin futures trading for some large clients. At least, such rumors have already spread throughout the market, but bitcoin (in its classic style) did not react to this in any way. Let me remind you that until the spring of this year, the bank was conservative in its approach to the crypto industry due to the high volatility and instability of the market, as well as due to rather large margin requirements for futures trading. Now, apparently under pressure from large clients, the bank has provided access to the cryptocurrency market.

Quite a few investment banks are rumored to allow their clients to invest in cryptocurrency products. In March, Goldman Sachs confirmed plans to reopen its cryptocurrency trading department after a three-year hiatus, and in May, the investment bank began buying and selling bitcoin futures through the Chicago Mercantile Exchange (CME).

Bank of America also plans to use CME futures for this. But the bank declined to comment officially.

This image is no longer relevant

As for the technical picture of bitcoin, the situation deteriorated significantly after the bears pushed through the $32,400 level and took it completely under their control. Now the main focus of sellers will be on the support of $30,000, a breakthrough of which will simply trample speculative traders into dust, who are counting on a quick summer rebound and a new rise in bitcoin this fall. A $30,000 breakout will bring the trading instrument to the lows of $25,800 and $21,700 per bitcoin. It is possible to say that the bulls are "on top" again only after consolidating above the resistance of $36,000. A breakout of this level will open a direct road to the highs of $41,100 and $46,700. But before counting on such a movement, the bulls need to at least regain control above the middle of the channel at $32,400.

Jakub Novak,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
All Analytics
Fundamental analysis
Markets Won't Rush Headfirst into the Fire Donald Trump has dealt such a heavy blow to globalization that conditions and outlooks for the future have changed—now divided along territorial lines. While European banks believe the S&P 500's
Marek Petkovich
08:00 2025-03-26 +02:00
1045
Fundamental analysis
What to Pay Attention to on March 26? A Breakdown of Fundamental Events for Beginners Very few macroeconomic events are scheduled for Wednesday, and only one important report is expected. The UK will release what may seem like a significant inflation report. Inflation remains
Paolo Greco
07:03 2025-03-26 +02:00
1165
Breaking Forecast Trading Plan Cryptocurrencies USD/RUB Russian Economy Video Analysis
Trading Instruments
EURUSD GBPUSD USDCHF USDCAD USDJPY AUDUSD EURGBP EURJPY NZDUSD EURNZD Silver Gold #CL #USDX COVID-19 Bitcoin
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Intraday Strategies for Beginner Traders on March 26

The euro continued to decline, while the pound showed resilience, indicating that there are still buyers willing to enter the market even at current price levels. The release
Miroslaw Bawulski 07:00 2025-03-26 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on March 25th (U.S. Session)

Trade Breakdown and Tips for Trading the Japanese Yen The test of the 150.68 level occurred when the MACD indicator had just started moving upward from the zero line, which
Jakub Novak 18:29 2025-03-25 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on March 25th (U.S. Session)

Trade Breakdown and Tips for Trading the British Pound The test of the 1.2911 level occurred when the MACD indicator had already moved significantly below the zero mark, which limited
Jakub Novak 18:26 2025-03-25 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on March 25th (U.S. Session)

Trade Analysis and Tips for the Euro The test of the 1.0795 level occurred when the MACD indicator had already moved significantly below the zero mark, which limited the downward
Jakub Novak 18:20 2025-03-25 UTC+2

XAG/USD. Analysis and Forecast

Today, silver is attracting new buyers following an indecisive flat close in the previous session, demonstrating steady intraday gains. The white metal is currently up 0.80% on the day, gradually
Irina Yanina 18:07 2025-03-25 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on March 25. Review of Yesterday's Forex Trades

The test of the 149.95 level occurred when the MACD indicator had already moved significantly above the zero mark, which limited the pair's upside potential. As a result, I chose
Jakub Novak 08:15 2025-03-25 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on March 25. Review of Yesterday's Forex Trades

The test of the 1.2935 level occurred when the MACD indicator had already moved significantly below the zero mark, which limited the pair's downside potential. For this reason
Jakub Novak 08:15 2025-03-25 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on March 25. Review of Yesterday's Forex Trades

The test of the 1.0815 level occurred when the MACD indicator had already moved significantly below the zero mark, which limited the pair's downside potential. For this reason
Jakub Novak 08:12 2025-03-25 UTC+2

Intraday Strategies for Beginner Traders on March 25

The euro and the pound remained under pressure and underwent another correction, although the British pound was the least affected, thanks to recent data. Activity in the U.S. services sector
Miroslaw Bawulski 07:49 2025-03-25 UTC+2

USDJPY: Simple Trading Tips for Beginner Traders on March 24th (U.S. Session)

Trade Analysis and Tips for Trading the Japanese Yen The levels I outlined were not tested during the first half of the day. The volatility seen immediately after the release
Jakub Novak 16:13 2025-03-24 UTC+2

Top analytics

Relevance up to 21:00 2025-03-26 UTC--4
EUR/USD Pair Overview – March 26: No News, No Movement
03:40 2025-03-26
Fundamental analysis
Relevance up to 21:00 2025-03-26 UTC--4
GBP/USD Pair Overview – March 26: The Pound Isn't Even Trying. Inertial Growth Continues
03:40 2025-03-26
Fundamental analysis
Relevance up to 23:00 2025-03-27 UTC--4
EUR/USD and GBP/USD March 26 – Technical Analysis
05:26 2025-03-26
Technical analysis
Relevance up to 21:00 2025-03-26 UTC--4
Trading Recommendations and Analysis for GBP/USD on March 26: The Pound Continues to Swing
03:40 2025-03-26
Trading plan
Relevance up to 21:00 2025-03-26 UTC--4
Trading Recommendations and Analysis for EUR/USD on March 26: The Euro Continues Its Sluggish Decline
03:40 2025-03-26
Trading plan
Can't speak right now?
Ask your question in the chat.
Widget callback
Callback widget
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.