• Home
  • Privacy Policy
  • Terms and Conditions
  • Contact Us

Investing and Trading News

The Latest on the Markets

  • Financial News
  • Forex News
  • Daily Forex Signals
  • Forex Research & Technical Analysis
  • Stocks
  • Equities & Futures
  • Funds
  • Commodity Markets
  • Energy Markets
  • Investment
  • Bunsiness News
  • MacrEconomics
  • Taxes & Money
  • Bitcoin
You are here: Home / Bitcoin / Markets Update: Traders Patiently Wait for Crypto’s Longest Bear Run to End

Markets Update: Traders Patiently Wait for Crypto’s Longest Bear Run to End

February 3, 2019 By master


Markets Update: Traders Patiently Wait for Crypto’s Longest Bear Run to End

Market Updates

Cryptocurrency costs have been seemingly secure these days as there hasn’t been a lot volatility within the final two weeks in both path. The general market capitalization of your complete crypto financial system has misplaced about $Four billion since our final markets replace and international commerce volumes are a lot slimmer than weeks prior.

Also learn: Properties Are Still Being Sold for Cryptocurrency Despite the Bear Market

Traders Are Patiently Waiting for the Next Big Move

Traders are itching and ready for the subsequent massive transfer in crypto land as your complete digital asset economy of all 2000+ cash has been comparatively secure. There have been a couple of worth spikes right here and there by a couple of lesser recognized cash, however a lot of the prime digital currencies haven’t moved very a lot. This Sunday, Feb. three, the worth of bitcoin core (BTC) is hovering round $three,477 and has a market valuation of about $60 billion. BTC is down a hair at present percentage-wise and down greater than three% for the week.

Markets Update: Traders Patiently Wait for Crypto's Longest Bear Run to End
Top 10 cryptocurrencies in accordance to Satoshi Pulse on Feb. three, 2019.

The second largest market capitalization is captured by ripple (XRP) and every coin is swapping for $zero.30. Not too far behind ripple is ethereum (ETH) which holds the third highest market valuation at $11.three billion. ETH is buying and selling for $108 per coin and the market is down over 5.9% within the final seven days. In the fourth place is eos (EOS) which is priced at $2.38 per token at press time and is up 1.89% right now main the highest 10 pack.

Bitcoin Cash (BCH) Market Action

Moving on to bitcoin cash (BCH), merchants will see that the coin is buying and selling for $119 per BCH this Sunday. The decentralized cryptocurrency has an general market valuation of round $2.1 billion however has misplaced greater than three.Four% this week. The prime 5 BCH buying and selling platforms swapping probably the most BCH this weekend embrace Lbank, Fcoin, Binance, Hitbtc, and Huobi.

Markets Update: Traders Patiently Wait for Crypto's Longest Bear Run to End
BCH/USD 7-day. Sunday – Feb. three, 2019

USDT (tether) is dominating the BCH trades immediately by 39% and ETH just isn’t too far behind at 33.5%. Following behind these pairs are BTC (14.eight%), USD (5.Four%), KRW (Four.9%), and JPY (zero.90%). This weekend, bitcoin money is the seventh most traded cryptocurrency so far as international commerce quantity under XRP and above CKUSD.

Markets Update: Traders Patiently Wait for Crypto's Longest Bear Run to End
Poloniex BCH/USDC Four-hour. Sunday – Feb. three, 2019

BCH/USD Technical Indicators

Looking on the Four-hour BCH/USD chart on Bitstamp exhibits the worth has been consolidating however nonetheless has been dropping barely, therefore the two% loss during the last seven days. Currently, the 2 Simple Moving Averages (100-200 SMA) are nonetheless unfold aside however seems to be as if they could cross hairs within the close to future. For now, the long run 200 SMA is properly above the brief time period 100 SMA, which signifies the trail towards the least resistance continues to be in favor of the bears. RSI and Stochastic oscillators present oversold circumstances are nonetheless dominating the enjoying subject and MACd appears as if it is going to be heading southbound within the brief time period.

Markets Update: Traders Patiently Wait for Crypto's Longest Bear Run to End
Kraken BCH/USD Four-hour. Sunday – Feb. three, 2019

There’s been six months of downward costs and lifeless kitties bouncing so bulls want to press previous the 200-week shifting common (MA) so as to achieve some higher headway this time round. Order books present there’s some fairly good resistance up till $130 a coin and issues look smoother from there. On the again aspect, after every week of consolidation, foundations are slimmer than the week prior and bears will see pit stops between now and $110 for the second time in two weeks.

The Verdict: The Growing Sentiment of Uncertainty Dominates the Entire Global Economy and Is Not Secluded to Crypto Markets

Overall, merchants are nonetheless ready patiently for the subsequent massive transfer and different international markets could also be enjoying a task. The international financial system has been stuttering and lots of leaders and economists worldwide consider society is getting ready to one other financial disaster like 2008. Safe haven belongings like gold have skilled a significant increase because the financial tides started shifting and this sentiment might have stored cryptocurrencies from dropping additional.

Markets Update: Traders Patiently Wait for Crypto's Longest Bear Run to End
The complete cryptocurrency to fiat cash movement within the final 24-hours. Sunday – Feb. three, 2019

Moreover, the U.S. Federal Reserve has been closely discussing pausing rates of interest which might have an effect on the western financial system an ideal deal. Since cryptocurrencies like BTC and BCH have seen worth declines, the worldwide SHA-256 hashrate has declined since final October by greater than 35%. However, there’s been a sluggish and regular improve in hash energy this yr and round 10% of that energy has been recovered. This signifies miners who’ve a whole lot of pores and skin within the recreation are extra assured and cryptocurrency worth values might comply with go well with. For now, merchants should wait however nonetheless many hope the longest bear run in crypto historical past will quickly see a reversal.

Where do you see the worth of BCH, BTC and different cash heading from right here? Let us know within the feedback under.

Disclaimer: Price articles and markets updates are meant for informational functions solely and shouldn’t to be thought-about as buying and selling recommendation. Neither Bitcoin.com nor the writer is accountable for any losses or good points, as the last word choice to conduct a commerce is made by the reader. Always keep in mind that solely these in possession of the personal keys are in command of the “money.”


Images by way of Shutterstock, Trading View, Bitstamp, Coinlib.io, and Satoshi Pulse.


Want to create your personal safe chilly storage paper pockets? Check our tools part.



Filed Under: Bitcoin Tagged With: Bear, cryptos, Longest, Markets, Patiently, run, Traders, Update, Wait

Bitcoin News

  • Decentralized Liquidity Is the Backbone of DeFi
  • The Crypto Anarchist Manifesto – Bitcoin News
  • Bitcoin Volatility Is Up, Liquidity Stagnant
  • Boerse Stuttgart’s Crypto Exchange Live for All Traders in Germany
  • SEC Reveals Telegram’s Communications With Investors, Seeks to Question Advisor

Daily Forex Signals

  • The Financial News Daily | Midday Forex Prediction For September 13, 2017
  • The Financial News Daily | GBP/USD Technical Analysis: Will Inflation Force a Hawkish Tilt at the BoE?
  • The Financial News Daily | Mo., Sep. 11 Forex signals results: +40 pips profit
  • The Financial News Daily | Midday Forex Prediction For September 12, 2017
  • The Financial News Daily | Brexit Briefing: Economics, Not Politics, Will Guide GBP

Forex Research & Technical Analysis

  • The Financial News Daily | Recent GLB $MTCH soars; 8th day of $QQQ short term up-trend;
  • The Financial News Daily | Stock Harmonic Patter Analysis:Ambuja Tata Comm SBI
  • GLB: $AMGN $PG 7th day of $QQQ short term up-trend
  • The Financial News Daily | Respectable Gains Offer Test of Highs
  • How animals remained safe during Hurricane Irma

Macro Economics

  • The Financial News Daily | The Best of the Aleph Blog, Part 33
  • The Financial News Daily | Revolutions in Economic Policy
  • The Financial News Daily | Border terriers: A survey finds support for both globalisation and import tariffs
  • The Financial News Daily | Morning Markets: Asia-Pacific stocks rally on easing of N.Korea fears
  • The Financial News Daily | The global upswing could be more sustainable this time

Stock Market

  • Lululemon, Finisar, Target are stocks to watch
  • Intel, Finisar are Friday’s stocks to watch
  • Covidien, Medtronic, Layne Christensen, are stocks to watch
  • Stocks to Watch: FedEx, Jabil, Red Hat are stocks to watch
  • BlackBerry, Oracle, Kroger are stocks to watch
Adsense Ad left

Equities

  • Morning Report APAC: Asia continues US equities surge
  • The Financial News Daily | Turner’s Take Weekly | WASDE PODCAST
  • The Financial News Daily | Gold & Silver: Beware Of Correction
  • Today’s Trade: ASX200 lifts as fears ebb over Irma and North Korea
  • The Financial News Daily | Turner’s Take Weekly | NEW PODCAST

Business News

  • The Financial News Daily | Thinking about an Exit Plan? Read These 4 Tips First
  • Toshiba Says It Favors Bain Group’s Bid for Microchip Business
  • Want the Sale? Ask for It in Your Facebook Ads.
  • Chief Executive of Social Finance, an Online Lending Start-Up, to Step Down
  • Why Love Is More Important Than Wealth

Copyright © 2019 · Lifestyle Pro Theme on Genesis Framework · WordPress · Log in