Market Update: Bitcoin liquidity gains over 140% this week

December 23, 2018 Cryptocurrency

[ad_2]

[ad_1]

Market updates

Cryptocurrency markets have been bullish in recent times as most of the best digital asset prices have seen decent gains in the last week. The total market capitalization of all existing currencies is around $ 132 billion this Sunday and the volume of global trade has increased significantly considering that it is the weekend before the holidays with $ 20 billion traded in the last 24 hours.

Read also: All you need to know to start trading Cryptocurrencies

The cryptocurrency bulls still have the kingdoms

Sunday, December 23rd, the day before Christmas Eve, there was more digital good swaps than usual compared to some Christmas trading sessions in the past. The volume of global digital currency exchanges for many of the major cryptocurrencies increased significantly from large price declines two weeks ago. The top ten digital equity markets also have a value of between 2% and 15% in the last 24 hours, increasing the overall market valuation of the entire crypto-economy. Bitcoin's core rose 2.6% for the day and 21.7% for the past seven days. This gives BTC a global average of about $ 3.991 per currency and a market capitalization of approximately $ 69.6 billion. The BTC cryptocurrency currently has $ 6.2 billion worth of the entire ecosystem of $ 20 billion of global trade volumes over 24 hours.

The second most popular market today is the ripple (XRP), which trades $ 0.37 per currency and has a market valuation of $ 14.9 billion. On the last day there were more than $ 648 million of XRP traded and the markets rose 3.3% this Sunday. The third most quoted market today led by ethereum (ETH) has increased by 14.5% in the last 24 hours and by 47% during the week. An ETH trades for $ 128 through global stock exchanges and has a market valuation of around $ 13.3 billion. Finally, the fifth position belongs to EOS (EOS) this weekend as each currency is trading at $ 2.79 and the markets have now increased by 9%. EOS markets have increased by 43% over the last seven days.

Bitcoin Cash market share (BCH)

The phenomenal earns that cash bitcoin (BCH) seen a few days ago it has thinned a little but BCH has gained a whopping 140% total for the week. Today the BCH rose by 4.6% and each currency is trading at $ 197. The top five BCH trading platforms that will trade more BCHs this Sunday include Lbank, Binance, Huobi, Coinbase and Bitbank. The volume of liquidity trading in Bitcoin is quite high today, recording $ 610 million in trade on the last day. BCH is the sixth most popular cryptocurrency this weekend below the ripple markets and litecoin markets. The main currency pairs traded with BCH include USDT (42%), BTC (21%), ETH (19%), USD (8.7%) and JPY (4.2%). Korean victories (1.9% KRW) and euro pairs (1.5% EUR) against BCH are not too far behind.

Technical indicators BCH / USD

Looking at the 4-hour charts in BCH / USD on Bitstamp the bulls have the kingdoms and are apparently still going strong. At the moment there is a lot of resistance between the current vantage point and the price above $ 225. The two Simple Moving Averages (SMA) still have a decent divide between them, but the 200 SMA looks like it could fall below the short-term 100 SMA trendline. This would indicate that the path towards the least resistance would change upwards, but for now it remains downwards.

The Relative Strength Index (RSI) shows that conditions approach the overbought regions at 65.84 in the 4-hour chart. The BCH bulls showed their ability on the 3-day chart and the percentage gains were much more than most digital resources in this time frame. The Moving Average Convergence / Divergence (MACd) has lowered at the time of publication and shows room for improvement in the next 24 hours. As mentioned earlier, the order books also show that the bulls must exceed the $ 225 range to get a better time. On the back, the bears will see a slight resistance to $ 177, but later there will be less foundations.

The historic highs of 2017 are still far away

Cryptocurrency market the feeling of this weekend is far better than the last weeks of brutal dumps and false prices. Although the 80-90% corrections are not uncommon when it comes to the volatility of digital assets and market downturns in the past. There is still a strong dose of skepticism and pessimistic operators who believe that the last few days may not be indicative of a market fund. On the other hand, the short positions of BTC / USD and ETH / USD on Bitfinex decreased considerably this week, indicating that traders may not be so sure that the price will fall again. Overall, the cryptocurrency infrastructure continues to grow and well-known financial institutions are clearly making progress. Still, it will take a big factor to drive the highest cryptocurrencies in value and exceed the historical highs of 2017.

Where do you see the price of BCH, BTC and other coins from here? Let us know in the comments below.

Disclaimer: Price items and market updates are for informational purposes only and should not be considered as trading advice. Neither Bitcoin.com nor is the author responsible for any losses or gains, as the final decision to conduct a trade is taken by the reader. Always remember that only those in possession of private keys have the control of "money".

Images via Shutterstock, Trading View, Coinlib.io, Bitstamp, and Coinbase's Dashboard Satoshi Pulse.

Do you want to create your secure cold storage card wallet? Check our tools section.

[ad_2]Source link

Navms.com Navms New Media

Market Update: Bitcoin liquidity gains over 140% this week

The cryptocurrency bulls still have the kingdoms

Bitcoin Cash market share (BCH)

Technical indicators BCH / USD

The historic highs of 2017 are still far away

Related Articles