Global stock markets plummeted on Monday morning over fears of a Russian incursion into Ukraine and the Dow went down by over 1,000 points but rallied again later in the day. Crypto markets tumbled early on Monday and Bitcoin crashed below $33,000 amid stock sell-off, as investors dumped speculative assets. It regained strength later in the day however, climbing to $37,500, but the outlook for the cryptocurrency is still bearish. If BTC continues its downtrend it may find support around $29,000. If the price of Bitcoin goes up, it may find resistance at $43,000 and further up at $44,300.
Ethereum fell as low as $2,150 on Monday morning but then almost recouped its daily losses, rising back to $2,450. In case its price goes up, it may find resistance around $3,220 and further up around $3,400, while if the downtrend continues, it may find support around $1,700.
A number of countries such as Italy, Spain, and the UK, have recently launched a crackdown on cryptocurrencies, restricting mining and advertising, which is putting pressure on cryptocurrencies. The vice-chair of the European Securities and Markets Authority Erik Thedéen raised environmental concerns on crypto mining and is advocating a ban on the energy-intensive mode of cryptocurrency mining, and Russia’s Central Bank proposed banning the use and mining of cryptocurrencies on Russian territory.
BTC/USD 1h Chart
ETH/USD 1h Chart
The content provided in this material and/or any other material that this content is referred to, whether it comes from a third party or not, is for information purposes only and shall not be considered as a recommendation and/or investment advice and/or investment research and/or suggestions for performing any actions with financial products or instruments, or to participate in any particular trading strategy and cannot guarantee any profits. Past performance does not constitute a reliable indicator of future results. TopFX does not represent that the material provided here is accurate, current, or complete and therefore shouldn't be relied upon as such. This material does not take into account the reader's financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of TopFX, no reproduction or redistribution of the information provided herein is permitted.
Written by:
Myrsini Giannouli
presenza nel settore
come Fornitore di Liquidità
ed esecuzione affidabile
fondi dei clienti
Servizio Clienti
Completa la pagina di registrazione
e seleziona
"Crea conto".
Quando sei nell'area cliente protetta procedi allegando il tuo Documento d'Identita' e la tua Prova di Residenza.
Quando il tuo conto reale sara' approvato potrai depositare fondi e cominciare a fare trading sulla piattaforma che hai scelto!
The website you are now viewing is operated by TopFX Global Ltd, an entity which is regulated by the Financial Services Authority (FSA) of Seychelles with a Securities Dealer License No SD037 that is not established in the European Union or regulated by an EU National Competent Authority.
If you wish to proceed please confirm that you understand and accept the risks associated with trading with a non-EU entity (as these risks are described in the Own Initiative Acknowledgment Form and that your decision will be at your own exclusive initiative and that no solicitation has been made by TopFX Global Ltd or any other entity within the Group.
Don't show this message again
Il sito Web TopFX utilizza i cookie per ottimizzare l'esperienza dell'utente.
Questi cookie rientrano nelle seguenti categorie: cookie essenziali, funzionali e di marketing. I cookie di marketing possono includere anche cookie di terze parti.
Puoi personalizzare la tua selezione di quali cookie vuoi accettare.
Questi cookie sono necessari per il corretto funzionamento del sito e non possono essere disattivati.
I cookie funzionali consentono al sito Web di ricordare le preferenze degli utenti e le scelte effettuate sul sito Web come nome utente, regione e lingua.
Questi cookie vengono utilizzati per tracciare i visitatori sui nostri siti Web e mostrarti annunci più pertinenti. I cookie di marketing includono anche cookie di terze parti di partner. Per ulteriori informazioni relative alla protezione e alla raccolta dei dati, consultare la nostra Informativa sulla privacy e Informativa sui cookie.
