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A look at the crypto and cryptocurrency market data for 16-7-2018

A look at the crypto and cryptocurrency market data for 16-7-2018

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Answer A look at the crypto and cryptocurrency market data for 16-7-2018

Over the past 24 hours, the cryptocurrency and cryptocurrency market has started to show some positive signs and improvement as the price of Bitcoin Cash and Ethereum have risen by more than 3 percent.

Very low volume

get closer Bitcoin price today From breaching the $6400 level, but it failed to continue the corrective rise and hold above the area, Bitcoin is now at $6,380, after showing a daily rise of around 1.2%. The price of Ethereum and Bitcoin Cash, both by 3.5 percent, was supported by an increase in volume.

But the size of the crypto and cryptocurrency market has been struggling with liquidity for more than a week, and it remains a significant barrier that may prevent the crypto market from recovering to previous support levels such as $270 billion and $300 billion.

Read:Studying the possibility of suspending FTX’s European operating license

At this time last week, the daily volume of bitcoin was around $4.1 billion, while the total volume of the crypto and cryptocurrency market exceeded $14 billion.

Technical Indicators

Various technical indicators can continue to show buy signals and imply a positive short-term trend, but if we don’t see fresh liquidity entering the market we may struggle to rally, it will be difficult for the major digital assets to maintain the momentum.

Thus, despite the strong 3.5% rise in Ethereum and Bitcoin Cash and the relatively strong performance of Bitcoin and Ripple, it is important to keep an eye on the liquidity and trading levels in the coming days. As the highly volatile nature of the crypto market can lead to drastic changes in the short term in terms of momentum and volume. A significant increase in trading volume on different platforms can cause the market to move by large margins in a downtrend or downtrend cycle.

Exciting Developments

This week, Coinbase, one of the world’s largest trading platforms, announced its intention to list a number of new cryptocurrencies. The market also witnessed the entry of a businessman Steve Cohen to the cryptocurrency and cryptocurrency market through an investment fund.

Read:The passage of 4 years of continuous growth for the “CoinEx” platform and its relentless pursuit to improve the crypto market… Learn about its most prominent advantages

It is worth noting that all trading platforms in South Korea have been approved by the Korea Blockchain Association, thus becoming regular and compliant with regulations and regulations.

It is expected that it will reflect the upcoming rise of the local currency trading sector, which may still have a few months to go. It is worth noting that most of the positive developments in the crypto industry took place during the past three months.


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