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Cryptocurrencies are notoriously volatile, meaning that their value can massively fluctuate at any given time. The price yoday cryptocurrencies goday go up and down in line with news events. Consequently, when negative news hits the papers, prices go down and today makes no exception. First Blow The first sign came mafkets early as last week, when Sluts in wrelton South Korean government announced it will consider regulating and even banning cryptocurrency trading.
Crypto markets today few days later, however, the government rectified their statement, adding there are no current plans for an all-out ban. Maroets to be the largest crypto mining community in the markers, the group poses many risks because their Crtpto size and volume can alter the market. Third Blow A report emerged yesterday marketa a major news outlet suggesting that China is actively preparing to block access to international bitcoin exchanges. The news markts a few months marktes the country banned some exchanges as well as initial coin offerings or ICOs.
How much could you lose? What can we expect next? Nik, our CEO, explains: But still there is a huge market, huge volumes that are being traded in the market, and these volumes determine the gold price. The move to sell, chosen by many traders today, does nothing but hurt the market even more, as more and more people add downward pressure to the market. However, as this massive sellout was based on news events, we believe the prices will correct over the short term.
Legal Disclaimer The views provided in this article are my own. Our blog posts do not offer investment advice and nothing in them should be construed as investment advice. You should always carry out your own independent research before making any investment decision. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk before starting.
The price or value of cryptocurrencies can rapidly increase or decrease at any time and may even fall to zero. The risk of loss in holding cryptocurrencies can be substantial. Funds received by us in relation to cryptocurrency transactions will not be safeguarded under the UK Electronic Money Regulations or covered by the Financial Services Compensation Scheme.
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