Bitcoin enjoyed a recovery of sorts during the weekend, reaching $3,600, but it began a gradual decline from that point onwards. The failure to stage a meaningful recovery is not a good sign.
Ripple’s XRP Twitter community is not only united, it also protective of the digital asset. Why do I say this? It is because one of the leading trading and investment platforms, eToro was forced to apologize following a video it released.
The market resumed the downtrend on Thursday as Monero slipped below a vital support area. While heading to $40.00, the digital asset found bearing at $40.50. This re-ignited trend as the price corrected higher above the 23.6% Fib retracement level with the last swing high of $46.86 and a low of $40.50.
ETH/USD is hovering around $86.00, off the Asian low of $84.95. The third largest cryptocurrency has been relatively stable during recent trading hours as the market grope for support after a long-term decline.
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
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.