The emergence of Cryptocurrencies and Crypto Market Capitalization has revolutionized the financial landscape, introducing a new class of digital assets that have captured the attention of investors, traders, and institutions alike. While the forex market has long been a cornerstone of global trading, the integration of cryptocurrencies into this market has created new opportunities, challenges, and dynamics. In our Cryptocurrency Rating and in the article below, we list and explore the convergence of cryptocurrencies and the forex market, examining the implications of this intersection for traders and the broader financial ecosystem.
# | Cryptocurrency | Price | 24 hours | 7 days | Market Cap | ||||
1 | Bitcoin | $63 424.49 | -6% | -12.22% | $1 246 827 959 479 | ||||
---|---|---|---|---|---|---|---|---|---|
2 | Ethereum | $3 286.64 | -7.12% | -18.28% | $394 651 543 662 | ||||
3 | Tether USDt | $1.00 | 0.05% | -0.06% | $103 548 328 598 | ||||
4 | Solana | $181.67 | -11.26% | 21.2% | $80 638 335 420 | ||||
5 | BNB | $518.82 | -6.64% | -1.47% | $77 584 110 941 | ||||
6 | XRP | $0.60 | -0.98% | -14.64% | $32 710 328 648 | ||||
7 | USDC | $1.00 | -0.03% | 0.01% | $31 311 855 393 | ||||
8 | Cardano | $0.62 | -7.02% | -17.34% | $21 981 694 199 | ||||
9 | Avalanche | $57.63 | -6.81% | 13.69% | $21 746 222 464 | ||||
10 | Dogecoin | $0.13 | -9.02% | -23.41% | $18 813 131 419 | ||||
11 | Shiba Inu | $0.00 | -6.95% | -21.34% | $15 024 782 309 | ||||
12 | Toncoin | $3.84 | 0.42% | 2.78% | $13 313 531 284 | ||||
13 | Polkadot | $9.11 | -8.49% | -15.04% | $12 976 090 995 | ||||
14 | Chainlink | $17.74 | -5.78% | -13.83% | $10 417 563 485 | ||||
15 | TRON | $0.12 | -5.71% | -11.13% | $10 320 223 938 | ||||
16 | Wrapped TRON | $0.12 | -5.98% | -11.07% | $10 309 182 106 | ||||
17 | Lido stETH | $2 941.39 | -0.4% | -3.32% | $10 258 752 564 | ||||
18 | Wrapped Bitcoin | $63 344.85 | -6.16% | -12.09% | $9 855 489 732 | ||||
19 | Polygon | $0.95 | -9.32% | -20.11% | $9 407 905 713 | ||||
20 | Bitcoin Cash | $371.09 | -5.55% | -13.68% | $7 300 263 342 | ||||
21 | NEAR Protocol | $6.69 | -9.39% | -9.43% | $7 050 498 755 | ||||
22 | Uniswap | $10.94 | -8.71% | -21.83% | $6 550 359 606 | ||||
23 | Aptos | $15.97 | 9.38% | 20.76% | $6 311 446 828 | ||||
24 | Litecoin | $79.98 | -4.03% | -17.94% | $5 945 062 910 | ||||
25 | UNUS SED LEO | $6.10 | -1.08% | 4.98% | $5 657 129 852 | ||||
26 | Dai | $1.00 | -0.02% | 0.01% | $5 347 605 859 | ||||
27 | Internet Computer | $11.39 | -6.61% | -20.29% | $5 250 203 804 | ||||
28 | Filecoin | $8.32 | -7.15% | -22.73% | $4 370 848 777 | ||||
29 | Cosmos | $11.17 | -6.05% | -16.71% | $4 364 548 472 | ||||
30 | Render | $11.33 | -7.86% | 1.74% | $4 312 027 074 | ||||
$2 194 157 027 627 Total Market Cap |
In recent years, the forex market has witnessed a notable expansion with the inclusion of cryptocurrencies as tradable assets. The rise of digital currencies like Bitcoin, Ethereum, and others has introduced new dimensions of volatility, liquidity, and innovation to the already dynamic forex landscape. As traders increasingly explore the potential of trading crypto pairs alongside traditional currency pairs, it's essential to examine the opportunities and challenges that this integration presents.
Successfully trading crypto pairs requires a balanced approach that integrates both traditional forex strategies and cryptocurrency-specific tactics.
Risk Management: Due to the extreme volatility of cryptocurrencies, robust risk management strategies are essential. Traders should use appropriate position sizing, stop-loss orders, and risk-to-reward ratios to manage potential losses.
Adaptive Strategies: Crypto markets can experience rapid changes in trend and sentiment. Adaptive trading strategies that respond to shifting market conditions can be particularly effective.
The inclusion of cryptocurrencies in the forex market has opened up new avenues for traders seeking diverse opportunities. While the potential for profit is evident, it's crucial to approach trading crypto pairs with caution and a well-informed strategy. A thorough understanding of the unique dynamics and risks associated with cryptocurrencies, combined with a disciplined approach to trading, can position traders to make the most of this exciting and evolving market segment.
* Cryptocurrency Rating is based on the information provided by our partners. We accept no liability for any errors in the prices or market caps.
Buying on dips remains the dominant tactic in the crypto market. Capitalisation rose 1.8% in seven days to $1.65 trillion. Previously, the 'what doesn't rise, falls' formula was often applied to cryptocurrencies, however, recent attempts to sell off after a period of stabilisation have been met with increased buying.
5 Feb 2024
Crypto market capitalization at around $1.62 trillion is less than 1% higher than it was seven days ago, thanks to a growth spurt on Friday. Bitcoin has added 3% in the same period and continues to be the driving force behind crypto volatility.
29 Jan 2024
Volatility in the cryptocurrency market remains subdued, keeping the capitalisation near $1.56 trillion for the third day. Meanwhile, Bitcoin remains around $40K, and Ethereum looks pegged to $2200...
26 Jan 2024
The crypto market saw lower volatility in the last 24 hours, with capitalisation at $1.56 trillion and the price of Bitcoin hovering around $40K. Major altcoins have also avoided strong moves...
25 Jan 2024
Bitcoin reversed to the upside on Tuesday afternoon. The price drop to $38.5K attracted buyers on the background of another update of all-time highs by leading US indices, which supported risk appetite...
24 Jan 2024
The crypto market lost over 5% in 24 hours, to $1.52 trillion. Bitcoin has remained under pressure since the start of the week after pausing in the sell-off on Saturday and Sunday...
23 Jan 2024
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