Bitcoin(BTC/USD), the most dominantly tradedcryptocurrency, is seen attempting minor recoveries on the 9900 handle, having extended the recent declines to 9,850.65, in the wake ofa symmetrical triangle breakdown on the hourly sticksseen on Saturday.
The worlds no. 1 digital coin, Bitcoin, is seen driving the broader market. However, the third most traded cryptocurrency, Ripple, fails to benefit, as it continues to lose nearly 4% so far this Sunday.
Bitcoin Cash (BCH/USD) breached Thursdays low of 302.41 but managed to hold the 302 handle before staging a comeback. Despite the latest recovery attempt, the price is down 3% in the last 24 hours.
IOTA (IOT/USD), the 17th largestcryptocurrency,risks further downside in the near-term amid bearish technical setups on different time frames.
Bitcoin (BTC) recovered from Thursdays low and returned to the range of the previous days. At the time of writing, BTC/USD is hovering around $10,200 with a short-term bearish bias.
The coin has gained about 3% in recent 24 hours and stayed unchanged since the beginning of the day.
There are quite a number of technical levels clustered both above and below the current price. It means that the coin may continue oscillating in a tight range, while a sustainable breakthrough in either direction might create strong momentum.
All major altcoins demonstrated strong growth whileBitcoinreluctantly oscillated in a tight range and stayed vulnerable to bearish sentiments. The firstdigital currencyspends the best part of the week hovering around $10,200 level.
If youre interested in using virtual coins like Bitcoin, Ethereum, Litecoin or any other out the over 1,500 coins and tokens currently available on the market, youre going to need a wallet. If you are new to cryptos, this guide is your shortcut to understanding what a cryptocurrency wallet is, how they work and which one suits you best.
Factors to consider when choosing a cryptocurrency exchange The boom of cryptocurrencies resulted in a boom of crypto exchanges. If you search Google for the term, you may drown in offers, and the possibilities seem endless. So how do you find the perfect match?When choosing a crypto-exchange, there are many factors to consider, factors that will help you narrow down the options and find the best one.
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The cryptocurrencies prices are highly volatile compared with the traditional currency pairs and assets in the foreign exchange market due to fluctuations in the interest of the public. This factor is associated with the user and we must add the absence of current regulation and its constant pressure from governments. These factors make the volatility of the digital currencies constant, modifying theCryptocurrencies Market Pricesand affecting values of such cryptocurrencies asBitcoinEthereumRippleorLitecoin, among others.
To begin trading in this volatile market it is necessary to be well aware of themarket prices of cryptocurrencies. The cryptocurrency investor has to differentiate between Bitcoin and the wide variety of existing Altcoins and should be well informed about their graphs and quotes, as well as the latest news related to these digital currencies.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
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