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23 September 2019

Market Outlook: Uncertainty Builds With Thin Trade Volumes and Bitcoin Futures Launch - Bitcoin News

Market Outlook: Uncertainty Builds With Thin Trade Volumes and Bitcoin Futures Launch - Bitcoin News


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Market Outlook: Uncertainty Builds With Thin Trade Volumes and Bitcoin Futures Launch.

Digital currency markets have dropped in value over the last three weeks, losing $25 billion since mid-August.

Market prices have been creeping downward on thin global trade volume and the last two months of volatility seem to be taking a toll on short-term bullish optimism.

Cryptocurrency market confidence seems to be dwindling as many digital assets have struggled to surpass higher price ranges over the last few weeks.

Three weeks ago, market prices were much higher and there was roughly $282 billion in overall global trade volume.

ETH markets are down 1.5% today and are down 0.06% over the last seven days.

LTC markets are down 1.87% today but have gained 2.6% over the last seven days.

There’s roughly $1.27 billion in global BCH trade volume and bitcoin cash has a market cap of over $5.3 billion at the time of writing.

BCH has lost 2.8% in the last 24 hours, but over the last week BCH market prices are only down by 0.44%.

Over the last seven days, BCH transactions per day (TPD) have been averaging roughly 45,000 to 55,000.

Over the last two months, many cryptocurrency supporters believe that macroeconomic turmoil pushed the price of BTC and other cryptocurrencies upwards.

“I believe that this market will continue to trend up over a long time frame, even if the price drops significantly in the short term — I will buy those dips.”.

As far as ETH/USD shorts are concerned, markets have been meandering along with no significant increases or decreases in short contract volume.

Speculative requirements rather than initial hedge rates mandate depositing $4,290 to participate in Bakkt’s bitcoin futures markets.

ICE BTC futures will create price discovery apart from any cash market influence,” Planb tweeted on Wednesday.

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