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Low crypto trading volumes: volatility risks increasing
Low crypto trading volumes: volatility risks increasing
Trading

Low crypto trading volumes: volatility risks increasing

By Federico Izzi - 25 Jan 2019

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The low crypto trading volumes reflect the lack of interest from traders and prices that have been fluctuating above and below the parity for several days.

Looking at today’s trend of the first Top 20 we find both green and red colours. Bitcoin manages to stay just above the percentage point moving in positive territory.

Contrary to Ripple (XRP), Ethereum (ETH) and Bitcoin Cash (BCH) since yesterday evening oscillate just below zero. Among the first ten only Litecoin (LTC) manages to push over 1%, returning to conquer the 7th place in the ranking of the most capitalised, exceeding by 30 million dollars the capitalisation of Stellar Lumens (XLM).

To find the only double-digit rise of the day, it is necessary to go as far as the 62nd position occupied by the semi-unknown Aurora token (AOA), which rises 19% from yesterday afternoon’s levels.

The AOA token is the first project to apply DPOS and BFT consensus for the gaming industry and artificial intelligence programs, ensuring an unlimited number of high-speed parallel transactions.

crypto trading volume

Crypto volumes remain low with less than 12 billion dollars traded in the last 24 hours, a trend that, if confirmed also in the weekend, will end the seven less turbulent days of the last two months. Bitcoin dominance remains unchanged, stabilising at over 52%.

The same applies to Ripple and Ethereum, which remain at the levels of the last five days.

Bitcoin chart, source: https://it.tradingview.com/symbols/BTCUSD/

Bitcoin (BTC)

There’s little to add to previous updates. For the last three days, price fluctuations have been increasingly compressing in a channel of only 100 dollars. Volatility and volumes are dangerously falling, increasing the likelihood of sudden fluctuations.

Ethereum chart, source: https://it.tradingview.com/symbols/ETHUSD/

Ethereum (ETH)

Prices manage to stay above the threshold of 115 dollars without being able to go beyond 120 dollars, a level that would begin to show weak signs of recovery.

We remain in limbo without a precise direction. A return below 110 dollars would be dangerous.  

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".

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