Cryptocurrencies posted significant net gains on Friday with comments from Fed Chair Powell important in triggering fresh demand.

Bitcoin posted gains to near $49,000 before drifting lower on Saturday.

There was still an element of uncertainty whether strong risk conditions amplified or curbed demand for coins.

Bitcoin was held below the $50,000 level and posted net losses to below $48,000 on Monday with markets still wary over regulatory conditions in China. Losses accelerated in Asia with bitcoin hitting lows below $47,000 before a limited recovery.

Ether posted gains to above $3,250 on Friday and peaked just below $3,350 on Monday before a retreat and test of $3,200 in Asia on Tuesday with very choppy trading underlying conditions.

Cardano re-tested the recent all-time high at $3.00 and looks set to challenge again with $2.47 looking likely to support.


Trading carries a high level of risk to your capital. Losses can exceed deposits. Please read the full risk warning here.Trading spot foreign exchange and futures on margin carries a high level of risk and may not be suitable for all investors. You may lose all your capital. Loses can exceed deposits. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in spot foreign exchange or futures you should carefully consider your investment objectives, level of experience, and risk appetite. If you are in any doubt about investment or the mechanics of such products, you should seek independent financial advice

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