The world of cryptocurrency is a constantly-changing landscape, with new developments and price movements happening on a regular basis.
As we approach the end of another month, it’s important to take stock of what’s been happening in this exciting space.
And right now, there are some interesting trends emerging: while Bitcoin and Ether continue their upward climb, some altcoins are seeing their values fall amid increasing volatility.
In this blog post, we’ll explore these developments in more detail and provide insights into what they could mean for investors and traders alike. So buckle up it’s going to be an intriguing ride!
Bitcoin, Ether prices continue upward trend
Bitcoin and Ether prices continue upward trend as some altcoins’ values fall amid month-end volatility. Bitcoin entered the weekend at $6,800 after reaching a high of over $7,900 in the past week.
Ethereum on the other hand, experienced a slight decline in price, but is still trading above the $300 mark.
Other popular cryptocurrencies like Ripple and Litecoin are seeing similar drops in value which could be attributed to market uncertainty post-SegWit2x cancellation and reports of Japanese regulators planning to crackdown on virtual currency exchanges.
However, despite these setbacks, analysts remain optimistic about the long-term prospects of digital currencies noting that they are “still in their early stages”.
Bitcoin, Ethereum and other altcoins’ values fall amid month-end volatility
Bitcoin, Ether prices continue upward trend as some altcoins’ values fall amid month-end volatility. Bitcoin and Ethereum are both up about 6% for the month of December, despite altcoins’ declines.
Bitcoin’s value has been relatively stable throughout 2017, hovering around $1300 to $1400 per coin. Ethereum has seen more volatility, with its value varying from $300 to over $1100 per coin over the past year.
However, analysts say this is likely due to recent ICOs (initial coin offerings) that have fueled uptake of ether relative to other coins.
Bitcoin, Ripple and Litecoin may see more gains in the near future
Bitcoin, Ether Prices Continue Upward Trend as Some Altcoins’ Values Fall Amid Month-End Volatility
Bitcoin and Ether prices continue to rise as the month-end volatility subsides.
Litecoin and Ripple are seeing some minor gains, although their values remain lower than those of Bitcoin and Ether.
The overall market cap for cryptocurrencies is higher than it has been at any point this year. Bitcoin is trading near $7,500 and Ethereum is at $1,490.
Litecoin is trading near $220, Ripple is at $0.80, and Bitcoin Cash is at $3,600. These prices reflect an increase in demand over the past week or so.
Additionally, a number of new exchanges have opened which may be contributing to the rally.
Some analysts believe that there may be more upside potential for cryptocurrencies in the near future due to increased institutional interest and Bakkt’s proposed launch later this year.
This could lead to even greater price appreciation given that these assets are not subject to traditional financial markets’ fluctuations
What are the causes of this volatility?
As the month-end approaches, many traders are looking to capitalize on the potential for increased profits by selling off their altcoins and buying Bitcoin or Ether.
However, this weekend’s price volatility may undercut these short-term gains as some altcoins’ values fall amid the overall trend.
Bitcoin and Ethereum have been on a upward trend since early December 2017. This latest surge in prices is largely attributed to renewed interest in the technology behind cryptocurrencies, as well as growing demand from institutional investors. However, altcoin prices are volatile and can change quickly based on various factors.
This weekend’s price fluctuations may reflect investor concerns over regulatory developments and whether they will prevent widespread adoption of cryptocurrencies. For example, Japan’s financial regulator has released proposed guidelines that would require firms that deal with Bitcoins and other digital currencies to register with the state as securities exchanges or money transmitters. China continues to be a major investor in cryptocurrencies and its regulators have not yet shown clear signs of cracking down on digital currency activity. As a result, there is uncertainty about how these countries will handle cryptocurrency regulations going forward.
Overall, despite this weekend’s price volatility, Bitcoin and Ether continue to surge in value due to their technological innovations and increasing demand from institutional investors.
How to trade cryptocurrency safely
How to Trade Cryptocurrency Safely
As the month of December comes to a close, we can see that bitcoin and ether prices continue their upward trend. However, some altcoins’ values have fallen amid month-end volatility. It’s important to remember that trading cryptocurrencies is not a guaranteed path to riches, and there are risks involved with every trade. Here are five tips for trading cryptocurrency safely:
1. Do your research
Before you make any trades, it’s important to do your research. Understand the risks involved and find a Strategy that fits your investment goals. There are many different types of exchanges available, so find one that best suits your needs.
2. Set stop losses and take profits regularly
It’s important to set a stop loss and take profits regularly if you want to avoid losing money on a trade. This will help prevent you from losing your entire investment if something goes wrong.
3. Don’t invest more than you can afford to lose
Cryptocurrencies aren’t guaranteed paths to riches, so don’t invest more than you can afford to lose. Always keep in mind the risk vs reward when making a trade decision – remember that even small losses can quickly add up over time if you don’t have enough cash reserves set aside for trading accidents.
4. Use an exchange wallet or hardware wallet
If you decide to use an exchange wallet or hardware wallet instead of storing