Bitcoin fails to seize bull opportunity [Video]

Steve O'Hare Signal Centre

Cryptocurrencies secured net gains in early Europe on Monday, but there was a sharp reversal later in the session as a lack of liquidity increased the potential for sharp moves.

Bitcoin dipped to lows below $33,500 before recovering ground. A limited US dollar retreat helped underpin crypto assets on Tuesday, especially with net gains for precious metals and bitcoin advanced to above $34,500 in Asia.

From just above $2,300, Ether also dipped sharply to below $2,200 before paring losses and posted net gains to above $2,300 on Tuesday.

Author

Steve O'Hare

Signal Centre

Steve has over 30 years of trading experience in Commodity, Equity and Fixed Income markets, in both research and trading.

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