empty
 
 
30.12.2021 12:38 PM
Crypto investors like Ethereum more

This image is no longer relevant

Although Bitcoin is the most popular cryptocurrency, Ethereum is the one investors are following more. That is why it surpassed BTC this year, and this may continue in 2022.

This image is no longer relevant

The daily chart shows that Bitcoin, over the past five years, has been accelerating because of volatility. But after a peak in late 2017, it traded sideways.

Volatility tied to the presidential election gave it a boost, which then sped up as traders embraced risk after the first Covid vaccine arrived in early November 2020. For a while, Bitcoin showed a positive correlation with the S&P 500, emerging market securities and commodities as a measure of inflation. But after a 516% increase in yield in about six months, it stabilized.

Lately, Bitcoin experienced fewer fluctuations, for example, Tuesday's low volume would traditionally have triggered a major move, but Bitcoin fell just 6.7%, or less than two standard deviations. In the first half of the year, BTC crossed this threshold more than three times more often than in the second half, mainly due to retail-oriented trades and regulatory risks.

"A lot of traders have made life-changing money in 2021 and have been waiting to take profits until after the turn of the year to delay tax payments until 2023," said Sergio Silva, sales director at Fireblocks. "That's another source of selling pressure that could cascade into additional weakness in January."

At this point, Bitcoin's price movement seems to be more dependent on technical specifications. For example, the 200-day moving average provided support in December.

Still, the most notable gains this year have come from Ether, the token of the Ethereum network. It skyrocketed, thanks to the adoption of blockchain technology by financial technology companies and the popularity of non-fungible tokens (NFTs) in the world of art and games.

"It's not really that clear to the world at large, to the mainstream, that what's really happening with Bitcoin, with Ethereum, with this whole bucket of technologies...is really a revolution in software development," said Coinlist CEO Graham Jenkin. "Blockchain technology represents a totally new way to build, distribute and run software," he added.

Andrey Shevchenko,
انسٹافاریکس کا تجزیاتی ماہر
© 2007-2024
انسٹافاریکس کے ساتھ کرپٹو کرنسی کی معاملاتی تبدیلیوں سے کمائیں۔
میٹا ٹریڈر 4 ڈاؤن لوڈ کریں اور اپنی پہلی ٹریڈ کھولیں۔
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    مقابلہ میں شامل ہوں
  • چانسی ڈیپازٹ
    اپنے اکاؤنٹ میں 3000 ڈالر جمع کروائیں اور حاصل کریں$8000 مزید!
    ہم مارچ قرعہ اندازی کرتے ہیں $8000چانسی ڈیپازٹ نامی مقابلہ کے تحت
    اپنے اکاؤنٹ میں 3000 ڈالر جمع کروانے پر موقع حاصل کریں - اس شرط پر پورا اُترتے ہوئے اس مقابلہ میں شرکت کریں
    مقابلہ میں شامل ہوں
  • ٹریڈ وائز، ون ڈیوائس
    کم از کم 500 ڈالر کے ساتھ اپنے اکاؤنٹ کو ٹاپ اپ کریں، مقابلے کے لیے سائن اپ کریں، اور موبائل ڈیوائسز جیتنے کا موقع حاصل کریں۔
    مقابلہ میں شامل ہوں
  • 100 فیصد بونس
    اپنے ڈپازٹ پر 100 فیصد بونس حاصل کرنے کا آپ کا منفرد موقع
    بونس حاصل کریں
  • 55 فیصد بونس
    اپنے ہر ڈپازٹ پر 55 فیصد بونس کے لیے درخواست دیں
    بونس حاصل کریں
  • 30 فیصد بونس
    ہر بار جب آپ اپنا اکاؤنٹ ٹاپ اپ کریں تو 30 فیصد بونس حاصل کریں
    بونس حاصل کریں

تجویز کردہ مضامین

ابھی فوری بات نہیں کرسکتے ؟
اپنا سوال پوچھیں بذریعہ چیٹ.
Widget callback