Trading the Litecoin price GBP is much different from trading any other pair in the market. In essence, LTC or Litecoin is a P2P blockchain-based crypto that was introduced in 2011. As a leading crypto, it is utilized for transferring of funds between businesses and individuals. GBP, on the other hand is UK’s fiat currency.
In this article, learn more about Litecoin Price GBP currency pair and how to trade the LTC/GBP pair.
Bitcoin cash price GBP has witnessed many ups, as well as downs that have allowed traders to earn a profit through the trading of the cryptocurrency.
The BCH/GBP pair keeps fluctuating now and then, and it is the job of the traders to enter the market at the right time and make profits. Here, learn how Bitcoin Cash Price, GBP value keeps fluctuating and how to trade BCH/GBP.
When trading Xrp price GBP and any crypto and fiat currency pair, traders must have a thorough understanding of both currencies. One such commonly traded crypto and fiat currencies are the XRP/GBP pair.
As the leading and widely traded cryptocurrency, XRP (Ripple) plays a pivotal role in facilitating cross-border transactions. The crypto is traded on many exchanges, but if you don’t have sufficient experience of trading XRP against GBP, then things can go wrong for you.
The Etherum price GBP is one of the most popularly traded pairs in the financial market. The pair includes Ether and UK’s fiat currency GBP for trading. While Ethereum functions as the blockchain platform, which independent developers use for building smart contracts, as well as decentralized apps using the computing power, further paid in Ether, the British Pound, also known as Sterling, is a widely traded traditional currency after USD, Euro, and Yen.
The Bitcoin price GBP pair features Bitcoin as well as UK’s fiat currency-GBP. As far as Bitcoin is concerned, it remains the leading crypto with nearly 50% market share. However, the crypto is highly volatile, and when it comes to trading the pair, much focus lies on the price movements of the cryptocurrency, which is much higher than that of GBP. Thus, traders who are interested in trading the BTC/GBP pair must first assess the fundamentals of BTC and how it compares with that of the Pound or GBP.
Bitcoin has been in a strong uptrend that pushed the RSI deep into overbought territory. This suggests that traders are buying at every higher level due to FOMO.
While such a frenzied buying generates quick returns, it is also very risky as the rally can turn around quickly. A sample of that was seen on January 4 when the BTC/GBP pair plummeted to £19,500, a 23.66% correction in a day.
Today’s Cryptocurrency technical analysis highlights Bitcoin’s 2017 bull market was driven by retail investors while the current bull market can largely be attributed to institutional investors. Crypto fund manager Grayscale’s assets under management surged from about $2 billion to $20 billion in 2020.
Similarly, Bitwise Asset Management also witnessed strong inflows in the last two months of 2020 as its AUM rose from $100 million on October 28 to $500 million by the end of the year.
According to the fund manager, the demand was mainly from financial advisers, hedge funds, corporations, and other institutional investors.
Along with the institutional investors, a bull run also attracts momentum traders, speculators, and day traders who attempt to ride the rally. …
There is no dearth of top cryptocurrencies that are available in the market today. However, when it comes to selecting the best cryptos for 2020 or those that are bound to explode in 2021, there are some great options available for investors.
In this article, we take a closer look at the top cryptocurrencies for 2020 and those that will likely witness a boom in 2021. Also, what trends/events shaped the crypto market in 2020, and what is the outlook for the future.
Development of the Cryptocurrency Space — Top Cryptocurrencies 2021
The cryptocurrency space is more than ten years old with over 5,500 varied cryptos as well as a market cap upwards of 250 billion dollars. According to researchers in America, the industry has currently reached the 4th supercycle. They further pointed towards the fact that the previous three epochs culminated in unique developments that have shaped the market on the whole. …
Bitcoin broke above the £14,700 overhead resistance on December 16 and surged to a new all-time high. The failure of the bears to defend the previous high at £15,599 shows aggressive buying by the bulls.
The rally even extended the target objective of the break above the ascending triangle at £17,307.
Business intelligence company MicroStrategy used the $650 million it had recently raised through convertible bonds to buy more Bitcoin. The firm’s CEO, Michael Saylor tweeted that the company had purchased 29,646 Bitcoin at a rate of $21,925. This takes MicroStrategy’s holding to 70,470 Bitcoin, worth about $1.125 billion.
Another institution, One River Digital Asset Management, revealed a $600 million position in Bitcoin and Ether.
The company plans to buy $400 million more of the assets to take the total holding to $1 billion. …