|Day's range||730.688 - 760.177|
|52-week range||8.28 - 1,079.99|
|Volume (24 hrs)||590.49k|
|Volume (24 hrs) all currencies||3.51B|
The current crypto crash, with all the biggest coins plummeting, is a reminder that Asia has enormous influence on the price of cryptocurrencies.
What do you get when you mix regulatory threats, an immature market infrastructure and an influx of new investors? Lots of red on the trading screens.
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Ethereum traders sold during the open on Tuesday, drifting the market down to the $1000 level, which of course is a very significant level. I think that the market will continue to be noisy, as the market has a lot of things to consider when it comes to where crypto currencies are going next, and of course the US dollar did gain a little bit of traction in the Forex markets, which of course works against the value of crypto currencies. The fact that we bounce from the $1000 level is crucial, because that market being broken to the downside would almost undoubtedly release a flood of selling.
It has been an all round crash in the crypto markets today with the reports of clampdown in South Korea and the shutdown of bitconnect weighing on the markets
The broad cryptocurrency market has seen additional declines as reports indicate potentially tighter restrictions in China regarding trading.
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The BTC prices moved lower during the last 24 hours as the reports of shutdown of South Korean exchanges continues to haunt the markets
Ethereum markets went sideways during the session on Friday, but that’s not a huge surprise as Americans were away at holiday, from the Martin Luther King Jr. celebrations. With this in mind, we do have significant support below, especially near the $1280 level, and the uptrend line that I see just below.
The BTC prices trade below the $14000 region as of this writing as the market matures and price action becomes steady
With its unique features and advanced technology, NEM (XEM) is one of the most desirable cryptocurrencies in the market. Learn all you need to know about NEM (XEM).
Ethereum markets rallied again during the week, but did give back some of the gains. That being the case, looks as if we are trying to pull back to find support, at least on the short-term charts. Longer-term traders may be looking for a longer-term pull back to find value though.
The Token Sale market is growing from strength to strength and the caliber of start-ups and projects have certainly been on the rise since the early days.
Ethereum markets have been very noisy during the trading session on Wednesday, as we dance around the $1350 region. As it is a large, round, psychologically significant number, it makes sense that we will continue to see a lot of choppiness. However, the trend is very clear in this market.
The 50 percent decline of Ripple's XRP token from the record highs may have strengthened the bears, but further downside may be limited.
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Ethereum markets continue to rally, but also find plenty of resistance near the $1250 level. Because of this, I think we will continue to see a lot of choppiness in general, as pullbacks should be buying opportunities, as the market tries to build up the momentum necessary to continue the overall uptrend.
The BTC industry is under pressure from the various regulators and this has provided a chance for the altcoins to be under the spotlight