Webinar: Cryptocurrency Market Under Seige; Prices Look Precarious
In this week’s webinar we discussed how a raft of bad news for the digital coin market has turned sentiment sour, with a majority of coins – Ethereum (ETH) aside – registering heavy double-digit losses for the month. And with important support levels in sight, the market remains on edge.
Other cryptocurrency topics covered included –
- Japanese exchange Coincheck was hacked last Friday, losing 530 million NEM (XEM) coins.
- The CFTC issued subpoenas to Tether (USDT) and digital exchange Bitfinex as rumors swirl.
- Facebook is banning ads promoting cryptocurrencies and ICOs.
- Ethereum (ETH) bucks the trend and continues to push higher over the month.
If you missed this webinar and would like to know about future events, see the full DailyFX webinar schedule here.
If you are interested in trading Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ripple (XRP) or Litecoin (LTC) 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. In addition we run a Weekly Bitcoin Webinar and have an IG Bitcoin Sentiment Indicator to help you gauge the market and make more informed decisions.
--- Written by Nick Cawley, Analyst
To contact Nick, email him at firstname.lastname@example.org
Follow Nick on Twitter @nickcawley1
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.