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Crypto: Extreme Fear!? Bitcoin Price (BTC/USD) Is Stable, But Ether’s (ETH) Performance Reflects The Pressure. What About Ripple And Stellar? | FxPro

Crypto: Extreme Fear!? Bitcoin Price (BTC/USD) Is Stable, But Ether’s (ETH) Performance Reflects The Pressure. What About Ripple And Stellar? | FxPro | FXMAG.COM
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Table of contents

  1. BTC Price
    1. Ether Price (ETH/USD)
      1. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM
    2. Crypto Fear And Greed Index
      1. Follow FXMAG.COM on Google News

    Bitcoin ignored the positive dynamics of US stock indices on Wednesday, further reducing the amplitude of its fluctuations. The first cryptocurrency has been moving in a $29.5-30.0K range since the start of active trading in New York. We caution that this reduction in volatility risks turning into an explosion in the near term, potentially setting off momentum for a few days or weeks.

    BTC Price

    A formal break of consolidation would be considered a consolidation beyond the previous local extremes, which are located at $30.2K and $29.3K. Going beyond those limits in a sharp move promises to trigger a wave of liquidation of positions that the bulls and bears have brought closer to the current price due to low volatility and bored speculators in recent days.

    crypto extreme fear bitcoin price btc usd is stable but ether s eth performance reflects the pressure what about ripple and stellar fxpro grafika numer 1crypto extreme fear bitcoin price btc usd is stable but ether s eth performance reflects the pressure what about ripple and stellar fxpro grafika numer 1

    Outside of Bitcoin, the situation is more worrying. The total capitalisation of the crypto market, according to CoinMarketCap, has fallen 1.6% in the last 24 hours to $1.25 trillion. Bitcoin’s dominance index is 0.4 points to 45.1%.

    Ether Price (ETH/USD)

    Ethereum lost 3%, dropping to 1915, the lower end of a steady trading range for the past two weeks. The daily candlestick chart clearly shows a sequence of increasingly lower local highs. This dynamic is a sure sign of a sustained sell-off in crypto, temporarily covered by Bitcoin’s stability.

    Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM

    Bitcoin’s stability against such an external backdrop may be nothing more than a temporary consolidation of capital in the most liquid cryptocurrency and is supported by improved sentiment in stocks.

    crypto extreme fear bitcoin price btc usd is stable but ether s eth performance reflects the pressure what about ripple and stellar fxpro grafika numer 2crypto extreme fear bitcoin price btc usd is stable but ether s eth performance reflects the pressure what about ripple and stellar fxpro grafika numer 2

    Crypto Fear And Greed Index

    The cryptocurrency Fear and Greed Index was up 1 point to 12 by Thursday and remains in “extreme fear”.

    crypto extreme fear bitcoin price btc usd is stable but ether s eth performance reflects the pressure what about ripple and stellar fxpro grafika numer 3crypto extreme fear bitcoin price btc usd is stable but ether s eth performance reflects the pressure what about ripple and stellar fxpro grafika numer 3

    Ripple lawyer Stuart Alderoty criticised the stance of US Securities and Exchange Commission Chairman Gary Gensler and the SEC’s desire to seize administrative control of the cryptocurrency market.

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    Stellar will provide its technology to the Central Bank of Brazil to develop the digital currency.

    Follow FXMAG.COM on Google News


    Alex Kuptsikevich

    Alex Kuptsikevich

    Financial market professional with 16-years' experience and Senior financial analyst at FxPro. Author of daily reviews on the impact of economic events with comments regularly featured in top international and Russian media. Covers fundamental analysis, global markets, foreign exchange market, gold, oil, cryptocurrencies.

    Alex Kuptsikevich is a regular contributor to both digital and print media including CNBC, Forbes, Reuters, MarketWatch, BBC and Coindesk.


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