Crypto-currency market changes and gold news.
Sep 23, 2021 at 13:43
809 Angesehen
7 Replies
Sep 23, 2021 at 13:43
A lot can change in the cryptocurrency markets in two months. Avalanche and its native cryptocurrency – AVAX – are prime examples.
The token traded around $9 during the market-wide crash on July 20th but surged by triple-digits in this timeframe to reach a new all-time high at nearly $80 earlier today. This came after numerous consecutive records last week, before the market-wide crash.
On the other hand, The gold futures contract gained 0.0.3% on Wednesday, as it fluctuated within a short-term consolidation following last week’s Thursday’s decline of 2.1%. On Thursday a week ago, it broke below the recent local lows as series of the U.S. economic data releases along with the rallying U.S. dollar led to a sell-off in precious metals. The yellow metal came back to $1,750 price level. This morning the market is trading sideways again.
The token traded around $9 during the market-wide crash on July 20th but surged by triple-digits in this timeframe to reach a new all-time high at nearly $80 earlier today. This came after numerous consecutive records last week, before the market-wide crash.
On the other hand, The gold futures contract gained 0.0.3% on Wednesday, as it fluctuated within a short-term consolidation following last week’s Thursday’s decline of 2.1%. On Thursday a week ago, it broke below the recent local lows as series of the U.S. economic data releases along with the rallying U.S. dollar led to a sell-off in precious metals. The yellow metal came back to $1,750 price level. This morning the market is trading sideways again.
Mitglied seit Mar 16, 2021
477 Posts
Jan 20, 2022 at 16:45
AliaDare posted:Is the current situation in the market a chance to normalize this month? Will the Momentum Fire come as fast as before? Share your perspective.
The crypto market is currently in a lot of volatility. So it is better not to trade at the moment. The market can actually make a profit in the impulsive movement again.
Jan 22, 2022 at 12:33
LukeRachel posted:I think the momentum will return to the market very soon. Even though the market is still dumping, I think the condition in the market will come back from the past thinking.AliaDare posted:Is the current situation in the market a chance to normalize this month? Will the Momentum Fire come as fast as before? Share your perspective.
The crypto market is currently in a lot of volatility. So it is better not to trade at the moment. The market can actually make a profit in the impulsive movement again.
Mitglied seit Mar 16, 2021
477 Posts
Jan 24, 2022 at 16:28
AliaDare posted:Yes, I think the market is under bearish pressure. Price BTC is currently at 33k. Bullish pressure may be seen very soon.LukeRachel posted:I think the momentum will return to the market very soon. Even though the market is still dumping, I think the condition in the market will come back from the past thinking.AliaDare posted:Is the current situation in the market a chance to normalize this month? Will the Momentum Fire come as fast as before? Share your perspective.
The crypto market is currently in a lot of volatility. So it is better not to trade at the moment. The market can actually make a profit in the impulsive movement again.
Jan 27, 2022 at 20:43
I remember that not so long ago there was a huge buzz that cryptocurrency is a protective asset of a new generation. Perhaps, you heard a lot of experts told that Bitcoin could protect against inflation. Now I see that only precious metals con protect against inflation. You see that cryptos dive following indices but gold has not lost its attractiveness for investors. I can admit a thought that cryptos may tumble steep to the bottom but it won’t happen with gold and silver, for example.
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