Bitcoin, Ripple, Litecoin News and Analysis
- Google’s ban on ICO and cryptocurrency advertising follows Facebook’s announcement in late January.
- Cryptocurrencies remain weak as technical support levels fail.
In periods of quiet trade/low volatility traders should read/re-read the Traits of Successful Traders guide to make sure they stick to market ‘best practice’.
We have recently released A Guide to Day Trading Bitcoin & Other Cryptocurrencies to help traders navigate this volatile marketplace.
Cryptocurrency Market Follows the Path of Least Resistance
The main crypto tokens continue to move lower after Google banned advertising and a warning from the head of the IMF Christine Lagarde. An already weak market moved further South with Bitcoin (BTC), Ripple (XRP), Litecoin (LTC) and Ethereum (ETH) all eyeing low prints made on February 6.And in the last 9 weeks, the crypto market has shed nearly $500 billion in market capitalization ($835 billion -> $355 billion) as buyers leave the space.
Top Six Cryptocurrencies by Market Value – March 14, 2018
Cryptocurrency Trader Resources
If you are interested in trading Bitcoin, Bitcoin Cash or Ethereum check out the Introduction to Bitcoin Trading Guide.
What’s your opinion on the cryptocurrency market at the moment? Share your thoughts with us using the comments section at the end of the article or you can contact the author via email at Nicholas.cawley@ig.com or via Twitter @nickcawley1.
--- Written by Nick Cawley, Analyst.
