The bullish move on Monday has culminated in consolidation below $6,500. Bitcoin price revamp the trend during the trading yesterday adding at least $500 in less than one hour. The support at $6,200 prevent further declines during the weekend trading while the upside was limited at $6,300.
Ethereum price analysis: ETH/USD could accelerate higher; Ethereum Foundation $3 million grant benefits startups
Ethereum short-term is bullish according to the applied technical indicators on the 4-hour timeframe chart. However, the long-term bearish trend is still limiting retracement but we will come to this in a bit. Meanwhile, the declines last week embraced the support at $190 before the price rose again towards $200.
Litecoin, the 7th largest digital asset, is changing hands at $54.77 handle, unchanged both on a day-on-day basis and since the beginning of Tuesday. The coin moves in sync with other digital assets, locked in a range after Monday's wild gyrations.
Cardano (ADA) is trading in the green at the time of writing enjoying the support from the community in the week of the network updates released by the founder. The crypto is currently ranked 9th in the market with a market cap of $1.9 million.
Best brokers to trade crypto
If you’re 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, you’re 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.
27 min Beginners Beginners
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.
16 min Beginners Beginners
Best exchanges to buy/Trade cryptos
|BitPanda||25 EUR||Buy & sell BTC ETH DASH LTC BCH XRP||Open Account||Read complete Report|
|Binance||...||100 USD||Exchange the world with Binance||Open Account||Read complete Report|
|Changelly||...||20 USD||Exchange cryptos at the best rate||Open Account||Read complete Report|
|Cex IO||...||0.01 BTC||Bitcoin Exchange you can trust||Open Account||Read complete Report|
|Bitmex||...||0.0001 BTC||Access Global Markets only using Bitcoin||Open Account||Read complete Report|
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.