Cryptocurrency Market Holds Ground Despite Mid-Week Volatility
Despite a mid-week spike in volatility, the cryptocurrency market remained virtually unchanged from the previous week’s capitalisation level, hovering around $1.050 trillion (-1% in 7 days). Bitcoin‘s decline was a negligible 0.7%, while altcoins suffered losses of around 2%.
Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
According to Santiment, large investors continue to accumulate positions. The number of wallets with balances between 10 and 10,000 BTC totalled 156,600, and these accounts have accumulated $308.6 million since the 17th of August.
Crypto News
Bitcoin and other cryptocurrencies could fall in the short term, although the decline will be limited, JPMorgan warned. The bank said the liquidation of long positions is nearing completion rather than being in its early stages.
Tether has updated its report on the state of reserves providing liquidity to the USDT. The data shows assets exceed $86.1 billion, and liabilities exceed $82.8 billion.
Mastercard and Visa refuse to issue cryptocurrency payment cards for Binance amid the exchange’s regulatory troubles. In March, the CFTC filed a civil lawsuit against Binance. In June, the SEC filed 13 charges against the exchange.
Chat now!
Add a Comment