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.

Free Trading Guides
EUR/USD
Bullish
Oil - US Crude
Mixed
Wall Street
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
Gold
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
GBP/USD
Mixed
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
  • Major investment bank models have touted USD selling, given the outperformance in US equities relative to its counterparts over the past month. How is this likely to impact the month-end rebalancing? Find out from @JMcQueenFX here:https://t.co/MtNrHmXZpD https://t.co/d00z4019XE
  • The medium-term #gold outlook still seems favorable as the #Fed, #ECB and more keep rates around 0. Immediate event risk ahead includes the #RBA and #BoC interest rate decisions, US jobs data and Brexit. Get your gold market update from @ddubrovskyFX here: https://t.co/ABXy78LmUn https://t.co/rCALcGaKOL
  • The trio of central banks overseeing the commodity currencies have already cut their main rates to all-time lows. Get your market update from @CVecchioFX here: https://t.co/OSUXrN5P3j https://t.co/Cxt86jl28N
  • The Japanese Yen fell for a third consecutive week with price testing resistance into June open. Here are the levels that matter on the $USDJPY weekly technical chart. Get your #currencies market update from @MBForex here: https://t.co/1QPXP0g7Ew https://t.co/WUtXHoRoQX
  • $USDZAR: A rally from here could be an important tell as to whether the level seen as support previously (17.76) will turn into a point of resistance for sellers to lean against. Get your $USDZAR technical analysis from @PaulRobinsonFX here:https://t.co/TNsQ4JJu6E https://t.co/I4yCjs2ja0
  • The US dollar continued to sell-off this week and the greenback’s future will be decided by commentary from the White House and not the Federal Reserve over the coming days and weeks. Get your #currencies market update from @nickcawley1 here: https://t.co/lpHneO3s2h https://t.co/bZ5klohLNd
  • #Gold prices have continued to push higher as expectations have built for global Central Banks to remain very loose and passive with monetary policy for the foreseeable future. Get your $XAUUSD technical analysis from @JStanleyFX here: https://t.co/h5tF3kAZfd https://t.co/VAYy9FGHcQ
  • Major investment bank models have touted USD selling, given the outperformance in US equities relative to its counterparts over the past month. How is this likely to impact the month-end rebalancing? Find out from @JMcQueenFX here:https://t.co/MtNrHmXZpD https://t.co/YvoHlUsdVr
  • U.S. Market Analyst at https://t.co/JsVsSmefgR, Shain Vernier covers - ✔️ Safe haven assets in volatile markets ✔️ Central banks and governments ✔️ How will commodities trade in a recession Only on Trading Global Markets Decoded #podcast. Tune in here: https://t.co/1UmEzEbwiy https://t.co/X15k6b4ZyB
  • The month of May saw equities rise across the board. The #Dow Jones and #DAX 30 will look to hold above nearby support while the #Nasdaq 100 may look to attack all-time highs. Get your #equities market update from @PeterHanksFX here: https://t.co/dQxkG68R0I https://t.co/cgfcOs14qG
The Rise and Rise of Altcoins

The Rise and Rise of Altcoins

2018-01-04 10:30:00
Nick Cawley, Strategist
Share:

Altcoin Talking Points

- Altcoin valuations are surging as investors move into low cash price cryptocurrencies.

- Ripple (XRP) is now eyeing a place in the top 50 most valuable companies in the world list.

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

Altcoins Surge Leaving Bitcoin’s Place as the Market Leader under Pressure

A range of altcoins – Bitcoin (BTC) alternatives – continue to post daily double-digit gains, sending their market valuations soaring. And a look at the most popular coins show that investors are buying on price as much as on company specifics, hoping to find the next company that jumps from a few cents to tens of thousands of US dollars. In the last month, Ripple (XRP) has surged from $0.23 to $3.79, Cardano (ADA) has jumped from $0.13 to $1.22, NEM (XEM) has risen from $0.27 to $1.88, while Stellar (XLM) has soared from $0.10 to $0.88. And the effect of this surge in interest in altcoins has hit market heavyweight Bitcoin, with BTC’s market dominance reduced from around 55% one month ago to around a current low of 34%.

Cryptocurrency Market Prices and Capitalizations – January 4, 2018

The Rise and Rise of Altcoins

We discussed the rise of altcoins and their current chart set-ups in this week’s Bitcoin and Cryptocurrency Webinar, while DailyFX chief currency strategist John Kicklighter recently noted that the Discrimination between Bitcoin and Top Cryptocurrencies Continues.

Ripple nears Stock Market Stalwart Unilever’s Market Valuation

The second largest cryptocurrency Ripple currently trades with a market capitalization of nearly $147 billion, around $10 billion lower than one of the stock market’s largest and most respected companies, Unilever (ULVR). The British-Dutch multinational employs around 170,000 people worldwide while its products are used by over 2.5 billion people a day. In May 2017, Unilever was worth $144 billion while Ripple was worth $2.1 billion.

Bitcoin/Cryptocurrency Resources – Free Practice Trading Accounts, Guides, Sentiment Indicators and Webinars

If you are interested in trading Bitcoin, Bitcoin Cash or Ethereum we can offer you a wide range of free resources to help you. We have an Introduction to Bitcoin Trading Guide along with a Free Practice Account. I addition we run a Weekly Bitcoin Webinar and have an IG Bitcoin Sentiment Indicator to help you gauge the market and make more informed trading decisions.

--- 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

News & Analysis at your fingertips.