Bitcoin, Ethereum, Ripple, EOS, Litecoin, Bitcoin Cash, Binance Coin, Stellar, Tron, Bitcoin SV: Price Analysis, March 4
Prices slumped on Monday, and there are no specific fundamental reasons that may have led to the selloff.
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The market data is provided by the HitBTC exchange.
The market tends to cycle between periods of low and high volatility. After a week of small-price-range action, the range expanded on Monday and the crypto markets decided to move southwards. What has caused this sudden fall? There are no specific fundamental reasons that might have led to this selloff.
One of the possibilities might be the strengthening dollar, which has risen in the past four days. Gold also fell sharply on Friday, as a consequence.
This shows that traders are keen to take on risk. Traders like to keep the assets that are showing a strong uptrend. The United States markets have been on a roll for the past ten weeks. Positive news on the trade deal between the U.S. and China might have encouraged some short-term tra