News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bullish
Oil - US Crude
Bearish
Wall Street
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bullish
GBP/USD
Bullish
USD/JPY
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • 🇩🇪 Retail Sales YoY (OCT) Actual: 8.2% Expected: 5.9% Previous: 6.5% https://www.dailyfx.com/economic-calendar#2020-12-02
  • Heads Up:🇩🇪 Retail Sales YoY (OCT) due at 07:00 GMT (15min) Expected: 5.9% Previous: 6.5% https://www.dailyfx.com/economic-calendar#2020-12-02
  • Wall Street Futures Update: Dow Jones (-0.406%) S&P 500 (-0.246%) Nasdaq 100 (-0.122%) [delayed] -BBG
  • Seems there is some surprise on reports (from NYT) that President-Elect Biden will not reverse the Phase One trade deal and tariffs on China. The international mood towards China is particularly cool. Now, relations with Canada and Mexico or the EU over Airbus is another matter
  • The bull flag pattern is a great pattern to add to a forex trader's technical arsenal. Explosive moves are often associated with the bull flag. Learn more about the bull flag pattern here: https://t.co/yOEvLjKnct https://t.co/EyHrHRYZfA
  • IGCS hints that #gold may reverse higher as the #SP500 aims for new highs. Things are looking a little bit more choppy for the growth-linked Australian Dollar. Check out my full report with webinar recording here - https://www.dailyfx.com/forex/technical/article/special_report/2020/12/02/Gold-Price-SP-500-AUDUSD-Forecast-How-Might-Retail-Traders-Behave-Next.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/8ueRCILgdY
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 93.48%, while traders in EUR/USD are at opposite extremes with 76.40%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/cVNpB5eeUn
  • President-Elect Joe Biden: Says won't immediately remove China phase-one tariffs, want to conduct full review of existing deal -BBG citing NYT
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.06% 🇨🇭CHF: 0.04% 🇪🇺EUR: 0.02% 🇬🇧GBP: -0.04% 🇨🇦CAD: -0.07% 🇯🇵JPY: -0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/R2Yhd6rNKp
  • Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: US 500: -0.26% France 40: -0.37% Germany 30: -0.41% Wall Street: -0.42% FTSE 100: -0.46% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/hQtLQEWzDp
Bitcoin, Ethereum Prices Plunge; Crypto-Market Slumps

Bitcoin, Ethereum Prices Plunge; Crypto-Market Slumps

2017-09-15 10:00:00
Nick Cawley, Strategist
Share:

Talking Points

- Heavy selling pressure across the board has left the crypto-currency market reeling.

- Total market valuation has dropped by 40% in two weeks.

The DailyFX Bitcoin Glossary is designed to provide traders with a reference for important terms and concepts essential for understanding the emerging cryptocurrency universe.

Bitcoin (BTC), Ethereum (ETH) hit by Panic Selling

A badweek for Bitcoin bulls just got even worse as continued selling in all time zones sent prices spinning lower. After a week of bad news, culminating in one of the largest Chinese exchange’s, BTC China announcing that it would close for business on September 30, prices continued to push lower, trying to find pockets of support. BTC fell through the 50% Fibonacci retracement level at $3407 and is currently eyeing the 61.8% retracement level at $3043.

If you want to know how to trade in ‘Panic Markets’Read Here

Chart: Bitcoin (BTC) Price Daily Timeframe (April 15 – September 15, 2017)

Bitcoin, Ethereum Prices Plunge; Crypto-Market Slumps

Ethereum fared little better in the sell-off and has now lost nearly 50% of its value in the last two weeks. Potential support may kick-in around S200, where the 23.6% retracement level crosses the upward trend line from July 16.

Chart: Ether (ETH) Price Daily Timeframe (April 15 – September 15, 2017)

Bitcoin, Ethereum Prices Plunge; Crypto-Market Slumps

I will be discussing all things Bitcoin and Ethereum every Wednesday at 12:00 pm – if you would like to join me, please click here.

Losses were seen across the board during the latest sell-off with the total market capitalization now 40% lower than at the start of the month – from $177 billion to $106 billion – with some of the recent performers, including Litecoin (LTC) registering a 24-hour loss in excess of 30%.

Market Moves/Top 8 Capitalizations – September 15, 2017

Bitcoin, Ethereum Prices Plunge; Crypto-Market Slumps

If you are interested in trading digital pairs and would like to practice trading either BTC or ETH, you can create a Quick and Free Demo Account Here

--- Written by Nick Cawley, Analyst.

To contact Nick, email him at nicholas.cawley@ig.com

Follow Nick on Twitter @nickcawley1

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES