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Bitcoin, Ethereum, Ripple Prices Slump; Market assessment stops

Bitcoin, Bitcoin Cash, Ethereum, Ripple: prices, charts and analysis

  • The market capitalization of cryptocurrency has halved in a month.
  • Support levels that are increasingly difficult to identify.

The cryptocurrency market set for multi-year lows

The the cryptocurrency market has lost 50% of its value in the last month, while the constant drop in prices continues, making it difficult to find the levels of technical support. Market capitalization is expected to fall below $ 100 billion shortly, peaking at $ 830 billion in January this year, with a decline of 87.4% in less than a year. . Businesses remain low, which suggests that buyers are becoming increasingly marginalized as valuations collapse.

A brief history of the main financial bubbles, crises and flash-crashes

A report yesterday that the blockchain investment company Pantera Capital, one of the largest institutional owners of cryptocurrencies, warned that about 25% of the projects invested in the ICO fund could violate SEC regulations, leading to reimbursements for their clients.

Bitcoin, Ethereum, Ripple Prices Slump; Market assessment stops

Bitcoin looks set to fall below $ 3,000 in the near term, with $ 2,970 on September 15, 2017 swing-low the next target. Below, horizontal support at $ 1,760 below the July 18 low comes into play in the longer run.

Daily Bitcoin Chart (July 2017 – December 14, 2018)

Bitcoin, Ethereum, Ripple Prices Slump; Market assessment stops

Bitcoin, Ethereum, ripple prices remain weak Web seminar

Inthe jurors remain cryptocurrencies net but recent changes give us a mixed trading bias – for example the number of net-long Bitcoin traders has been trimmed since last week. You can subscribe to IG Sentiment Indicator of the client free to get updated positioning data.

Cryptocurrency trader Resources: accounts, guides, sentiment indicators and webinars for free practice negotiation

If you are interested in trading with Bitcoin, Bitcoin Cash, Ethereum, Litecoin or Ripple we can help you start your journey. We have a Introduction to the Bitcoin Trading Guide with a Free demo account so you can practice trading on this volatile asset class.

What's your opinion? on the latest cryptocurrency sales? Share your thoughts and ideas with us using the comments section at the end of the article or contact me on Twitter @ nickcawley1 or via e-mail at address nicholas.cawley@ig.com.

— Written by Nick CawleyAnalyst.

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