What affects the exchange rate of cryptocurrencies?

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We dismantle the factors that influence cryptocurrency prices What affects cryptocurrency quotes: events, fundamental factors, psychology of traders. The short-term cryptocurrency rate forecast and how to make money on it. Unlike 2017, since January 2018 the cryptocurrency market capitalization has shown strong volatility. In January, the capitalization reached its all-time high, rising above 820 billion US dollars, but within a few weeks it fell below 400 billion. There is no single reason for this, all factors in the complex influenced investors, who after the panic began to sell assets. Now the market stubbornly remains in the range of 250 to 500 billion and at any moment can break any of these levels.



Read about what can affect the cryptocurrency rate in Mexico Mobile Number List the overview. 6 factors that influence the exchange rate of cryptocurrencies Since the beginning of 2018, the cryptocurrency market capitalization has shown, to put it mildly, a roller coaster ride. A strong upward trend of 2017, after which optimists predicted the growth of the Bitcoin rate to 50,000 USD and more, suddenly fell on the ceiling just above 850 billion US dollars, still without having reached a mark billion-dollar psychological crisis, and it collapsed. The drop of more than 2.5 times hurt the category of investors called "hamsters." Free cheese lovers thought they could easily earn at an ever-increasing rate and suffered huge losses.







In professional circles the reduction was called local, believing that it was a successful big-capital attempt to cut "hamsters." And it was even predicted that a new takeoff (To the moon) will be launched starting in the spring. However, at the beginning of the summer the rate was barely able to penetrate the mark of 450 billion US dollars and fell again. LiteFinance: What affects the cryptocurrency exchange rate? | Litefinance This whole situation clearly showed that no one really knows 100% why the cryptocurrency rate moves in this or that direction. This is a curious absurdity, when the rate collapses or takes off abruptly, and only then will analysts find this reason.