HomeTradingCrypto prices experiencing marginal deviations today

Crypto prices experiencing marginal deviations today

Prices are at yesterday morning levels. Looking through the most famous cryptocurrencies listed on Coinmarketcap, the deviations are marginal.

crypto prices

Among the top 20, only Neo, Zcash (ZEC) and VeChain (VET) move in negative territory just under 1%. The other oscillations remain close to parity.

In such a context, it is curious to note that the daily volatility of cryptocurrencies is lower than many corporate shares, including high-profile ones such as Amazon, Nvidia, Apple and Domino’s Pizza, which are regularly listed on the world’s most important tech marketplace, the Nasdaq. A recent JPMorgan study published in recent hours indicates a possible recession in the United States of 60% by 2020, estimated to rise to 80% within the next 3 years.

With the stock market already falling sharply, the Nasdaq lost more than 4% in its Wednesday session, the heaviest collapse since 2011 and, with worrying economic prospects, cryptocurrencies could enjoy an increase in confidence from those who leave the traditional financial markets, taking refuge in a sector that could prove more profitable and defensive for a prolonged period of time.

The collapse of volatility, at its lowest in the last two years, and the growing offers of stable coins seem to be paving the way for a decisive shift in investor confidence. In addition, in recent hours, rumours in the US SEC buildings seem to favour for certain the approval of ETFs.

If this were to happen, it would mark a historic turning point for a sector that in a few weeks will celebrate the 10th year since the first mined block (January 3, 2009).

crypto prices
Search: https://it.tradingview.com/symbols/BTCUSD/

Bitcoin (BTC)

The medical bulletin remains unchanged. A stationary situation with the patient showing no signs of improvement. Confidence remains in a return of purchases to validate the restorative therapy being administered. It remains useful to monitor the upward trend above 6650-6800 dollars, while downwards the situation would become very precarious with returns below 6200-6000 dollars.

crypto prices
Search: https://it.tradingview.com/symbols/ETHUSD/

Ethereum (ETH)

Price fluctuations continue to flatten out more and more. Throughout yesterday’s day, the fluctuation was just $3. Nothing to add to what was already written in yesterday’s update.

Federico Izzi
Federico Izzi
Financial analyst and independent #trader – S.I.A.T. & Assob.it partner. He operates actively on stock and derivatives markets (futures and options) since 1997. A precursor of cyclic-volumetric analysis he is known for having identified the most important upward and downward movements in the financial markets of recent years. He participates annually as a speaker at the ITForum in Rimini since the 2010 edition and InvestingRoma and Napoli since the first edition of 2015. He is a guest and market expert on the "Trading Room" and "Market Driver" broadcasts of Class CNBC, Borsa Diretta.tv and on the evening news of Traderlink. Since July 2017 he is a permanent guest on LeFonti.TV, the only weekly national space dedicated to cryptocurrencies alongside the most important international experts in the field. He was interviewed as a cryptocurrency expert for Forbes Italia, Panorama, StartupItalia and DonnaModerna. He was recognized as the first Italian technical analyst to have published the first secular cyclic analysis on Bitcoin. Periodically publishes articles on ITForum News, Sole24Ore, MILANOFINANZA, TrendOnLine and Wall Street Italy. Federico Izzi is... "Zio Romolo".