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Significant capital in the crypto market
Significant capital in the crypto market
Trading

Significant capital in the crypto market

By Federico Izzi - 29 Oct 2019

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Considerable capital continues to flow into the crypto market. In the last few hours, there has been a transaction on the major exchange, Binance, which recorded an inflow of more than 300 million dollars in Tether. These are significant indications confirming the recent record of capital flows.

Source: COIN360.com

The day in the cryptocurrency industry begins unvaried, with a balance between tokens in positive territory and those under parity. After several days of strong increases, it is plausible to expect a phase where the high levels reached in the last 72 hours are attempting a consolidation.

Bitcoin tries to remain hooked to the threshold of 9,300 dollars, after having failed to reach the 10,000 dollars yesterday.

Among the best of the day, there’s Bitcoin Cash (BCH) with a rise that goes beyond 20% in recent hours. TRON is also on the rise, benefiting from the substantial liquidity that is coming from China, despite the statements of some officials of the Chinese People’s Party who are alarmed that the increases of the weekend are due to speculation and not as a result of the speech of the Chinese president.

Capitalisation remains at around 250 billion dollars, with trading volumes in contraction, just below 100 billion dollars.

Technical analysis bitcoin, Ethereum and Ripple

Bitcoin tries to hold medium-term support levels, it will be important to maintain the threshold of 9,000-9,200 dollars

Less strength and less intensity for Ethereum, who will have to hold $175.

Ripple continues to fluctuate below 30 cents. 

 

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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