HomeTradingLow crypto trading volumes: volatility risks increasing

Low crypto trading volumes: volatility risks increasing

The low crypto trading volumes reflect the lack of interest from traders and prices that have been fluctuating above and below the parity for several days.

Looking at today’s trend of the first Top 20 we find both green and red colours. Bitcoin manages to stay just above the percentage point moving in positive territory.

Contrary to Ripple (XRP), Ethereum (ETH) and Bitcoin Cash (BCH) since yesterday evening oscillate just below zero. Among the first ten only Litecoin (LTC) manages to push over 1%, returning to conquer the 7th place in the ranking of the most capitalised, exceeding by 30 million dollars the capitalisation of Stellar Lumens (XLM).

To find the only double-digit rise of the day, it is necessary to go as far as the 62nd position occupied by the semi-unknown Aurora token (AOA), which rises 19% from yesterday afternoon’s levels.

The AOA token is the first project to apply DPOS and BFT consensus for the gaming industry and artificial intelligence programs, ensuring an unlimited number of high-speed parallel transactions.

crypto trading volume

Crypto volumes remain low with less than 12 billion dollars traded in the last 24 hours, a trend that, if confirmed also in the weekend, will end the seven less turbulent days of the last two months. Bitcoin dominance remains unchanged, stabilising at over 52%.

The same applies to Ripple and Ethereum, which remain at the levels of the last five days.

Bitcoin chart, source: https://it.tradingview.com/symbols/BTCUSD/

Bitcoin (BTC)

There’s little to add to previous updates. For the last three days, price fluctuations have been increasingly compressing in a channel of only 100 dollars. Volatility and volumes are dangerously falling, increasing the likelihood of sudden fluctuations.

Ethereum chart, source: https://it.tradingview.com/symbols/ETHUSD/

Ethereum (ETH)

Prices manage to stay above the threshold of 115 dollars without being able to go beyond 120 dollars, a level that would begin to show weak signs of recovery.

We remain in limbo without a precise direction. A return below 110 dollars would be dangerous.  

Federico Izzi
Federico Izzi
Analista finanziario e trader indipendente – Socio S.I.A.T. & Assob.it. Opera attivamente sui mercati azionari e dei derivati (futures ed opzioni) dal 1997. Precursore dell’analisi ciclica-volumetrica è noto per aver individuato i più importanti movimenti al rialzo ed al ribasso sui mercati finanziari degli ultimi anni. Partecipa annualmente come relatore all’ ITForum di Rimini dall’edizione del 2010 ed InvestingRoma e Napoli dalla prima edizione del 2015. Interviene come ospite ed esperto dei mercati durante le trasmissioni “Trading Room” e “Market Driver” di Class CNBC, Borsa Diretta.tv e nel TG serale di Traderlink. Da luglio 2017 è ospite fisso su LeFonti.TV nell’unico spazio nazionale settimanale dedicato alle criptovalute insieme ai più importanti esperti internazionali del settore. Periodicamente pubblica articoli su ITForum News, Sole24Ore, TrendOnLine, Wall Street Italia. E’ stato intervistato in qualità di esperto di criptovalute per: Forbes Italia, Panorama, StartupItalia, DonnaModerna. E’ stato riconosciuto come primo analista tecnico italiano ad aver pubblicato la prima analisi ciclica secolare sul Bitcoin. Federico Izzi è… Zio Romolo
RELATED ARTICLES

MOST POPULARS

GoldBrick