Thursday, August 24, 2017 6:34 AM EDT
The DailyFX Bitcoin Glossary is designed to provide traders with a reference for important terms and concepts essential for understanding the emerging cryptocurrency universe.
Bitcoin (BTC) Eyes a New High after SegWit2x Implemented
Digital currency heavyweight Bitcoin is beginning to form a new base on the three hour and daily chart which could set it up for further highs. News flow has been light but reports that Segwit2x has officially been activated and is now live on the network would seem to be behind the latest push higher. A look at the three hour chart also shows the BTC climbing back above the 20-, 50- and 100-day ema, providing a further bullish impulse.
Chart: Bitcoin (BTC) Price: Daily/Three Hour Timeframes– August 24, 2017
Chart by IG
Ripple Volume Surge Fuelled by Korean Interest
The latest altcoin to attract the markets attention, Ripple (XRP) has been sparked by a massive increase in turnover out of Korea. The local Korean exchanges, which offer Korean won trading pairs, have seen record volume in the last 48 hours driving the market back towards its all-time high around $0.33. A slight sell-off overnight has tempered the move but the altcoin remains over 60% higher than at the start of the week.
Chart: Ripple (XRP) Price: Daily Timeframe (June – August 24, 2017)
Disclaimer: DailyFX, the free news and research website of leading forex and CFD broker FXCM, delivers up-to-date analysis of the ...
more
Disclaimer: DailyFX, the free news and research website of leading forex and CFD broker FXCM, delivers up-to-date analysis of the fundamental and technical influences driving the currency and commodity markets. With nine internationally-based analysts publishing over 30 articles and producing 5 video news updates daily, DailyFX offers in-depth coverage of price action, predictions of likely market moves, and exhaustive interpretations of salient economic and political developments. DailyFX is also home to one of the most powerful economic calendars available on the web, complete with advanced sorting capabilities, detailed descriptions of upcoming events on the economic docket, and projections of how economic report data will impact the markets. Combined with the free charts and live rate updates featured on DailyFX, the DailyFX economic calendar is an invaluable resource for traders who heavily rely on the news for their trading strategies. Additionally, DailyFX serves as a portal to one the most vibrant online discussion forums in the forex trading community. Avoiding market noise and the irrelevant personal commentary that plague many forex blogs and forums, the DailyFX Forum has established a reputation as being a place where real traders go to talk about serious trading.
Any opinions, news, research, analyses, prices, or other information contained on dailyfx.com are provided as general market commentary, and does not constitute investment advice. Dailyfx will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
less
How did you like this article? Let us know so we can better customize your reading experience.