Markets Update: Tranquil Markets Presage a Storm Brewing

Market Updates

Cryptocurrency prices have been quite stable over the last few weeks as volatility throughout many markets has been non-existent. After patiently waiting, traders and investors are now curious to see if something transpires after a long spell of tranquil digital asset markets.

Also read: New Qart Wallet Gives Bitcoin Cash QR Codes a Personal Touch

Do Calm Crypto-Market Seas Suggest Something Big Is on the Horizon?

Throughout the flurry of new stablecoins, the original pack of digital currencies has been very stable these days with low volatility. This Saturday, Oct. 27, the entire cryptocurrency economy is valued at $212.5 billion with around $8.6 billion worth of 24-hour global trade volume. The top exchanged coin today with the most trade volume is bitcoin core (BTC) with a daily volume of around $3.7 billion. At the moment, BTC is trading at a global weighted average of around $6,494 per coin, with an overall market valuation of about $112 billion. Following behind BTC is ethereum (ETH), which is trading for $203 per coin. The third highest cryptocurrency capitalization is held by ripple (XRP) and each token is being swapped for $0.45. Lastly, this weekend eos (EOS) tokens are being traded for $5.37, with a capitalization of about $4.8 billion today.

Markets Update: Tranquil Markets Presage a Storm Brewing
The top ten cryptocurrency markets. Oct. 27, 2018.

Bitcoin Cash (BCH) Market Action

The fourth largest market valuation among all 2000+ digital assets belongs to bitcoin cash (BCH) this weekend. Bitcoin cash is down 0.63% this Saturday and 1.2% over the last seven days. At the time of publication, one BCH is being swapped for $439 per coin and has around $229 million in global trade volume. The top five exchanges swapping the most BCH include Lbank, Hitbtc, Bithumb, Okex, and Digifinex. BTC is the leading pair swapped with BCH as the currency captures 38.4%. This is followed by USDT (25.4%), KRW (18.4%), ETH (10.9%), and ZB (2.2%) pairs. Bitcoin cash holds the sixth largest global trade volume throughout the entire crypto-economy.

Markets Update: Tranquil Markets Presage a Storm Brewing
BCH seven day.

BCH/USD Technical Indicators

The BCH/USD 4-hour and daily charts show very little action and less volatility than we’ve seen in weeks. RSI and stochastic levels are meandering in the middle (between 46-50) and it’s been hard to find an indication of any big market moves coming soon. The Macd shows a similar outlook even though at the moment it’s heading southbound. A trend change may be imminent as the two Simple Moving Average (SMA) trendlines are about to cross.

Markets Update: Tranquil Markets Presage a Storm Brewing
BCH/USD 4-hour, Bitfinex. Oct. 27, 2018.

The longer-term 200 SMA is just about to dip below the short term 100 SMA indicating the path towards the least resistance could change toward the upside. Order books show some tough resistance at the $475 range and another hump above the $515 territory. Looking at the backside, BCH bears will see some pitstops at $410 and a much large wall in the $380 zone.

Markets Update: Tranquil Markets Presage a Storm Brewing
BCH/USD 1-hour, Bitstamp. Oct. 27, 2018.

The Verdict: Apprehensive Traders Among Calmness and Stability Within the Cryptocurrency Economy  

A great majority of 2018’s market update verdicts have been filled with skepticism and this week’s outlook is no different. The last ten months of bearish markets, fakeouts, and extremely flaccid trade volumes have led to uncertainty among many cryptocurrency traders. However, most digital assets have seemingly found their bottoms (the lowest the price will go), or at least some people hope the crypto-price bottoms have been found. The truth is no one truly knows what prices will look like by the year’s end. As stated above, the eerily serene markets are likely making traders and enthusiasts more anxious for an unexpected breakout in both directions to occur.

What do you think about the tranquility of cryptocurrency markets these days? Let us know what you think about this subject in the comments section below.

Disclaimer: Price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.”


Images via Shutterstock, Trading View, and Satoshi Pulse.


Want to create your own secure cold storage paper wallet? Check our tools section.

Markets Update: Tranquil Markets Presage a Storm Brewing 1
About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews



bitcoin
Bitcoin (BTC) $ 43,112.00
ethereum
Ethereum (ETH) $ 2,954.63
cardano
Cardano (ADA) $ 2.30
tether
Tether (USDT) $ 1.01
binance-coin
Binance Coin (BNB) $ 357.04
xrp
XRP (XRP) $ 0.946869
solana
Solana (SOL) $ 142.26
polkadot
Polkadot (DOT) $ 30.89
usd-coin
USD Coin (USDC) $ 1.01
dogecoin
Dogecoin (DOGE) $ 0.212916
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 43,112.00
ethereumEthereum (ETH)
$ 2,954.63
tetherTether (USDT)
$ 1.01
bitcoin-cashBitcoin Cash (BCH)
$ 517.31
litecoinLitecoin (LTC)
$ 151.72
bitcoinBitcoin (BTC)
36.799,11
ethereumEthereum (ETH)
2.521,98
tetherTether (USDT)
0,862106
bitcoin-cashBitcoin Cash (BCH)
441,56
litecoinLitecoin (LTC)
129,50
bitcoinBitcoin (BTC)
31,573.07
ethereumEthereum (ETH)
2,163.82
tetherTether (USDT)
0.739674
bitcoin-cashBitcoin Cash (BCH)
378.85
litecoinLitecoin (LTC)
111.11

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Crypto Scams
Crypto Scams Still Persistent In 2021, SEC Warns About Red Flags To Watch
September 9, 2021
Poly Network
Here’s How Hackers Stole Over $600 million in the Poly Network Attack
August 12, 2021
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021
Cryptocurrency Exchanges
Cryptocurrency Exchanges and the Plague of Scams and Bans
June 29, 2021
What Role Do Cryptocurrencies Play In The Era Of Ransomware Attacks?
June 9, 2021

Blockchain/Cryptocurrency Questions and Answers

Beginner’s Guide to Investing in Cryptocurrency
August 9, 2021
Short-Sell Cryptocurrency
How to Short-Sell Cryptocurrency: A Brief Overview
July 17, 2021
Klaytn
What Is Klaytn (KLAY) And How Does It Work?
July 16, 2021
Cryptocurrencies
Our Crypto Roundup Interview Asks- Do Cryptocurrencies Have a Future?
July 15, 2021
Solana
What Is Solana (SOL) And How Does It Work?
June 26, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin43,257 1.77 % 3.58 % 9.65 %
Ethereum2,968.8 1.85 % 5.90 % 16.92 %
Cardano2.300 1.46 % 1.79 % 5.26 %
Tether0.9986 0.03 % 0.08 % 0.23 %
Binance Coin357.97 1.54 % 6.55 % 15.76 %
XRP0.9508 1.55 % 4.66 % 12.85 %
Solana143.51 3.40 % 3.69 % 5.55 %
Polkadot30.87 2.19 % 17.29 % 10.73 %
USD Coin1.010 0.44 % 0.20 % 0.51 %
Dogecoin0.2131 1.83 % 4.48 % 12.17 %

bitcoin
Bitcoin (BTC) $ 43,112.00
ethereum
Ethereum (ETH) $ 2,954.63
cardano
Cardano (ADA) $ 2.30
tether
Tether (USDT) $ 1.01
binance-coin
Binance Coin (BNB) $ 357.04
xrp
XRP (XRP) $ 0.946869
solana
Solana (SOL) $ 142.26
polkadot
Polkadot (DOT) $ 30.89
usd-coin
USD Coin (USDC) $ 1.01
dogecoin
Dogecoin (DOGE) $ 0.212916