India and Ireland spooked crypto market, sending coins into tailspin, Bitcoin shed 5% in a matter of hours
Cryptocurrency market is an unpredictable beast. South Korean Bithumb, the sixth largest exchange in the world, gets hacked and traders just yawn in response, Indian Zebpay announces that banks are about to cut them off from banking services, and everyone starts selling cryptos like crazy.
Crypto prices tumble as Japan’s regulator orders 6 exchanges to improve anti-money laundering measures
The cryptocurrency market has proved its volatility yet again today as the price tumble uncontrollably on news from Japan. The regulator in the country, the Financial Services Agency (FSA) has ordered six exchanges to improve their businesses.
Tron price analysis: TRX/USD garners support above $0.040; Justin Sun announces burning of 1 billion TRX coins to celebrate Independence Day
Tron network commenced its token migration yesterday. The token switch is supported by various exchanges including the largest exchange, Binance. The users are expected to send Ethereum-based TRX tokens to the exchanges.
EOS price is at the forefront of declines as the market prepares for the weekend sessions. EOS is the biggest loser among the top 10 virtual currencies on Friday sliding over 10% on the day. EOS/USD has even broken below the falling wedge pattern as observed on the chart.
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The volatility of cryptocurrencies prices
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 the Cryptocurrencies Market Prices and affecting values of such cryptocurrencies as Bitcoin, Ethereum, Ripple or Litecoin, among others.
To begin trading in this volatile market it is necessary to be well aware of the market 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.