Winners and losers

Most of the top cryptocurrencies are once again in the red. Bitcoin, ethereum, bitcoin cash, cardano, and litecoin are down 11%, 11.3%, 11.3%, 12.5%, and 10.4%, respectively, in the last 24 hours. Only a few cryptocurrencies saw rises during this time. PIVX, Cyrptonex, Walton, and DigixDAO rose 30.1%, 22.7%, 4.6%, and 0.88%, respectively, in the last day.

Bitcoin was trading at $10,246 and had a trading volume of $10 billion. Its market capitalization was at $172 billion. The dominance of bitcoin over other cryptocurrencies in the market was at 34.9%.

Will the Choppy Waters Continue for Cryptocurrency Market?

Ethereum was trading at $933.7. Its trading volume was at $3.8 billion and its market capitalization was at $90 billion. Bitcoin cash was trading at $1,529.6.

Cryptocurrency CFDs

HYCM (Henyep Capital Markets), headquartered in London (EWU) (SPX-INDEXX), is a global leader in online capital markets and has now added ripple and bitcoin to its list of cryptocurrency offerings. Its ongoing offerings include bitcoin, ethreum, and litecoin. HYCM is the first broker to launch CFD (Contract for Difference) trading in cryptocurrency. CFDs are an agreement between two parties to exchange the difference between the opening price and closing price of a contract. 

Awareness of the cryptocurrency market is increasing rapidly. About one out of ten bitcoin transactions comes from India. If the use of cryptocurrencies becomes widespread in big countries like India this year, then cryptocurrency markets could have massive potential.

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