Bitcoin and Ether knocked after rise

Cryptocurrency market capitalisation little changed over the past 24 hours, losing 0.4% to $2.27 trillion. This can hardly be called a move for such a volatile crypto market.

The cryptocurrency fear and greed index lost 11 points, dropping to 34, returning to fear territory. However, this comeback should be attributed more to the failure to develop growth rather than the price fall.

However, we must admit that the currencies are not catching up with the optimism of the stock indices, and there is no sign of a Christmas rally.

Bitcoin Bitcoin Bitcoin is the largest and world’s first digital currency launched back in 2009 by the entity, Satoshi Nakamoto. Being a digital currency, a defining feature of Bitcoin is that it functions without a central bank or single administrator. Rather, Bitcoin instead can be sent by peer-to-peer (P2P) networking, which is itself absent of any intermediaries.Instead of being a physical currency, Bitcoins represent pieces of digital code that can be sent and received across a kind of distributed ledger n Bitcoin is the largest and world’s first digital currency launched back in 2009 by the entity, Satoshi Nakamoto. Being a digital currency, a defining feature of Bitcoin is that it functions without a central bank or single administrator. Rather, Bitcoin instead can be sent by peer-to-peer (P2P) networking, which is itself absent of any intermediaries.Instead of being a physical currency, Bitcoins represent pieces of digital code that can be sent and received across a kind of distributed ledger n Read this Term stalled on Wednesday at the $50K area and is trading again at $48.3K on Thursday morning. Ether was once again below $4K, another sign that too many traders are looking to lock in profits on the eve of a very successful year for cryptocurrencies. The relative share of Ether and Bitcoin has been falling over the past couple of days.

The divergence between the equity market and the leading cryptocurrencies may be nothing more than a temporary phenomenon and a tactical shake-up of fund portfolios and large investors. However, it is still prudent for crypto investors to remain wary of near-term dynamics.

The prolonged consolidation of significant cryptocurrencies creates a bad sentiment about the entire sector., Bitcoin’s sharp sell-off in early December clarifies that solid moves in the flagship cryptocurrencies are provoking altcoins Altcoins Altcoins can be defined simply as any cryptocurrency that isn’t Bitcoin. Originally, Bitcoin was the first and only cryptocurrency, though this number has expanded to now include countless cryptos launched. Unlike Bitcoin, many altcoins have met varying levels of success, with the vast majority effectively ceasing to exist as tradable entities. Several however, have risen to rival Bitcoin itself.The most common altcoins include Ether, XRP, Stellar, Monero, Ada, and Dash, among others and are see Altcoins can be defined simply as any cryptocurrency that isn’t Bitcoin. Originally, Bitcoin was the first and only cryptocurrency, though this number has expanded to now include countless cryptos launched. Unlike Bitcoin, many altcoins have met varying levels of success, with the vast majority effectively ceasing to exist as tradable entities. Several however, have risen to rival Bitcoin itself.The most common altcoins include Ether, XRP, Stellar, Monero, Ada, and Dash, among others and are see Read this Term into even greater amplitude.

This article was written by FxPro’s Senior Market Analyst Alex Kuptsikevich.