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
Mixed
Oil - US Crude
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
Wall Street
Bearish
Gold
Bullish
GBP/USD
Mixed
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
USD/JPY
Bearish
More View more
Real Time News
  • Human error in the forex market is common and often leads to familiar trading mistakes. These trading mistakes crop up particularly with novice traders on a regular basis. Learn about the top ten trading mistakes and how you can avoid them here: https://t.co/i8E2AXtzF3 https://t.co/mQbf0KPldQ
  • USDCNH trend break may have legs... https://t.co/7eSxRtiOfI
  • 🇮🇹 Inflation Rate YoY Final (DEC) Actual: -0.2% Expected: -0.1% Previous: -0.2% https://www.dailyfx.com/economic-calendar#2021-01-18
  • 🇮🇹 Inflation Rate YoY Final (DEC) Actual: -0.2 Expected: -0.1% Previous: -0.2% https://www.dailyfx.com/economic-calendar#2021-01-18
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in NZD/USD are at opposite extremes with 70.25%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/UfUYrWiJSX
  • Heads Up:🇮🇹 Inflation Rate YoY Final (DEC) due at 09:00 GMT (15min) Expected: -0.1% Previous: -0.2% https://www.dailyfx.com/economic-calendar#2021-01-18
  • Commodities Update: As of 08:00, these are your best and worst performers based on the London trading schedule: Silver: 0.78% Gold: 0.33% Oil - US Crude: -0.83% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/bSuk3t7OpX
  • Forex Update: As of 08:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.09% 🇨🇭CHF: -0.02% 🇪🇺EUR: -0.04% 🇳🇿NZD: -0.34% 🇦🇺AUD: -0.35% 🇨🇦CAD: -0.43% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/YDr8ENytVl
  • Indices Update: As of 08:00, these are your best and worst performers based on the London trading schedule: FTSE 100: -0.16% Wall Street: -0.23% US 500: -0.27% France 40: -0.48% Germany 30: -0.58% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/e9Gr3M5pOC
  • Heads Up:💶 ECB President Lagarde Speech due at 08:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-01-18
Bitcoin (BTC), Ethereum (ETH), Ripple (XRP): Cryptocurrency Carnage, Prices Down 20%+

Bitcoin (BTC), Ethereum (ETH), Ripple (XRP): Cryptocurrency Carnage, Prices Down 20%+

2020-03-12 11:27:00
Nick Cawley, Strategist

Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) Prices, News and Analysis:

  • Cryptocurrencies roiled in less than an hour.
  • Bitcoin trades below $5,800 as sellers hammer the market.

A Guide to Day Trading Bitcoin and Other Cryptocurrencies

Cryptocurrencies Slumping to Multi-Month Lows

In less than an hour the prices of all major cryptocurrencies have fallen by over 20% as extreme volatility stalks the market. As yet unconfirmed stories of large sell orders hitting the market have seen Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) hit multi-month lows with previous support levels taken out with ease.

Bitcoin (BTC), Ethereum (ETH), Ripple (XRP): Cryptocurrency Carnage, Prices Down 20%+

Prices via IG

The one-hour Bitcoin chart shows BTC trading below $5,750, a high to low loss of 22% in one hour. Cryptocurrency prices started the day around 5% lower, but this move shows that the market has lost all confidence in cryptos with little support of note on the BTC chart. With such extreme volatility is difficult to say if this is a flash crash with a potential rebound near, or the start of a longer downtrend.

Bitcoin (BTC) One-Hour Price Chart (March 12, 2020)

Bitcoin (BTC), Ethereum (ETH), Ripple (XRP): Cryptocurrency Carnage, Prices Down 20%+
How to Use IG Client Sentiment in Your Trading
How to Use IG Client Sentiment in Your Trading
Recommended by Nick Cawley
Improve your trading with IG Client Sentiment Data
Get My Guide

Traders may be interested in two of our trading guides – Traits of Successful Traders and Top Trading Lessons – while technical analysts are likely to be interested in our latest Elliott Wave Guide.

What is your view on Bitcoin (BTC) – bullish or bearish?? You can let us know via the form at the end of this piece or you can contact the author via Twitter @nickcawley1.

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

DISCLOSURES