Bitcoin and ethereum price forecast – market in fluid state – nasdaq.com bitcoin price going down

The bitcoin and ethereum prices were hit hard over the weekend as there were reports from china that said that the regulators were about to go after the bitcoin exchanges next and ban them totally within the next few days. This set the cat among the pigeons and led to another round of selling of bitcoins. The market was yet to recover fully from the shock that it received in the early part of last week when the chinese regulators had banned the issuing of icos and also stopped the investors and traders from china investing in such icos.

Get into bitcoin trading today bitcoin prices fall and bounce again

Even before the effect of this news died down, we received the reports of such a ban on exchanges and this led to the crashing of the bitcoin prices back to its lows of the range at the $4000 region.Bitcoin price going down

the reports have not yet been confirmed as yet and the market awaits any news from the chinese regulators regarding this. The chinese bitcoin exchanges have also confirmed that they have not received any such intimation from the authorities and this has helped the bitcoin prices to bounce again from the $4000 region for the second time in a week. The prices and the market are pretty fluid at this point of time as it is known that any announcement could come in at any point of time and this uncertainty and risk has forced the investors to hold back on their investments and trades.

The ethereum market has also been hit hard by the chinese news over the last week or so and like bitcoin, we saw the ethereum prices also crash towards the lows of the range at $280 during the weekend. Like bitcoin, the prices have bounced off this level and it trades above $300 as of this writing but the uncertainty and the risks continue to dominate the market in the short term.Bitcoin price going down forecast

Looking ahead to the rest of the day, we believe that this consolidation is likely to continue in both the BTC and the ETH markets and the consolidation would happen in a steady manner. This should keep the BTC prices below $4600 and the ETH prices below $330 for the day.

The best and safest way to buy and sell bitcoins

For those who are looking to take advantage of bitcoin and other cryptocurrencies price fluctuations, some brokers provide traders with instant access to trade bitcoin, bitcoin cash, ethereum and other cryptocurrencies. The process is fast and easy with convenient and advanced trading platform (desktop and mobile), low spreads and instant execution. Click here for more details .

This article was originally posted on FX empire more from FXEMPIRE:

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• market snapshot – stock markets rebound as risks recede

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• king dollar no more?

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• equities turning bullish as risk appetite ignites, US futures point to a higher open

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• riskier assets rebound as north korean test does not materialize

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• the pound is not afraid of negative news, sterling continues to rise

The bitcoin and ethereum prices were hit hard over the weekend as there were reports from china that said that the regulators were about to go after the bitcoin exchanges next and ban them totally within the next few days. This set the cat among the pigeons and led to another round of selling of bitcoins. The market was yet to recover fully from the shock that it received in the early part of last week when the chinese regulators had banned the issuing of icos and also stopped the investors and traders from china investing in such icos.Bitcoin price going down

Get into bitcoin trading today bitcoin prices fall and bounce again

Even before the effect of this news died down, we received the reports of such a ban on exchanges and this led to the crashing of the bitcoin prices back to its lows of the range at the $4000 region. The reports have not yet been confirmed as yet and the market awaits any news from the chinese regulators regarding this. The chinese bitcoin exchanges have also confirmed that they have not received any such intimation from the authorities and this has helped the bitcoin prices to bounce again from the $4000 region for the second time in a week. The prices and the market are pretty fluid at this point of time as it is known that any announcement could come in at any point of time and this uncertainty and risk has forced the investors to hold back on their investments and trades.Bitcoin price going down

The ethereum market has also been hit hard by the chinese news over the last week or so and like bitcoin, we saw the ethereum prices also crash towards the lows of the range at $280 during the weekend. Like bitcoin, the prices have bounced off this level and it trades above $300 as of this writing but the uncertainty and the risks continue to dominate the market in the short term. Forecast

Looking ahead to the rest of the day, we believe that this consolidation is likely to continue in both the BTC and the ETH markets and the consolidation would happen in a steady manner. This should keep the BTC prices below $4600 and the ETH prices below $330 for the day.

The best and safest way to buy and sell bitcoins

For those who are looking to take advantage of bitcoin and other cryptocurrencies price fluctuations, some brokers provide traders with instant access to trade bitcoin, bitcoin cash, ethereum and other cryptocurrencies.Bitcoin price going down the process is fast and easy with convenient and advanced trading platform (desktop and mobile), low spreads and instant execution. Click here for more details .

This article was originally posted on FX empire more from FXEMPIRE:

• investing in cryptocurrencies now or it’s too late?

• ,

• market snapshot – stock markets rebound as risks recede

• ,

• king dollar no more?

• ,

• equities turning bullish as risk appetite ignites, US futures point to a higher open

• ,

• riskier assets rebound as north korean test does not materialize

• ,

• the pound is not afraid of negative news, sterling continues to rise