Forecast on Trading Crypto – The Cryptonomist
The post Forecast on Trading Crypto – The Cryptonomist appeared on BitcoinEthereumNews.com. So-called intraday crypto trading, i.e. based on daily movements, does not need a real forecast because the scenario is constantly changing. However, if you focus on medium-term trading, then some predictions are possible. The situation in the crypto markets The crypto markets have been relatively static for several months now. There are some individual cryptocurrencies that have made significant moves, but in most cases since March until now, these have almost always been moves that have receded fairly quickly. If you look at the total capitalisation of the crypto markets, it is currently around $1 trillion, which is similar to where it was at the end of January. In fact, it was more or less at this level at the beginning of November last year, just before the FTX bankruptcy, although it hit an annual low of below $800 billion at the end of December. However, this fall was fully reversed in January 2023 and since then a very long lateralisation has begun, which is still ongoing. In fact, it reached almost $1.3 trillion after mid-April, only to fall back to a thousand in mid-June. It should be noted, however, that Bitcoin’s dominance has risen from 40% to almost 50% since the beginning of the year, suggesting that it is mainly the price of BTC that is keeping the market capitalization high, while that of altcoins is falling. Crypto trading: the medium-term outlook All this suggests that the crypto market as a whole hasn’t moved much in 2023, apart from numerous intraday movements, some of them significant, and the January recovery to pre-FTX levels. However, this trend could come to an end by the end of next year, as the April halving could trigger another one. One prediction that can be made in this regard is related to what is…
The post Forecast on Trading Crypto – The Cryptonomist appeared on BitcoinEthereumNews.com.
So-called intraday crypto trading, i.e. based on daily movements, does not need a real forecast because the scenario is constantly changing. However, if you focus on medium-term trading, then some predictions are possible. The situation in the crypto markets The crypto markets have been relatively static for several months now. There are some individual cryptocurrencies that have made significant moves, but in most cases since March until now, these have almost always been moves that have receded fairly quickly. If you look at the total capitalisation of the crypto markets, it is currently around $1 trillion, which is similar to where it was at the end of January. In fact, it was more or less at this level at the beginning of November last year, just before the FTX bankruptcy, although it hit an annual low of below $800 billion at the end of December. However, this fall was fully reversed in January 2023 and since then a very long lateralisation has begun, which is still ongoing. In fact, it reached almost $1.3 trillion after mid-April, only to fall back to a thousand in mid-June. It should be noted, however, that Bitcoin’s dominance has risen from 40% to almost 50% since the beginning of the year, suggesting that it is mainly the price of BTC that is keeping the market capitalization high, while that of altcoins is falling. Crypto trading: the medium-term outlook All this suggests that the crypto market as a whole hasn’t moved much in 2023, apart from numerous intraday movements, some of them significant, and the January recovery to pre-FTX levels. However, this trend could come to an end by the end of next year, as the April halving could trigger another one. One prediction that can be made in this regard is related to what is…
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