Advertisements

Why has bitcoin sold off so sharply?

In this video

Bitcoin hit a 52-week low, slumping as much as 10% in single session this week, breaking below the key $6000 support level. Alex Degroote, founder of Degroote Consulting, told IGTV’s Victoria Scholar that many technical analysts are very bearish due to the death cross formation.

Subscribe: https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1
Learn more about IG: https://www.ig.com?CHID=9&SM=YT

Twitter: https://twitter.com/IGcom
Facebook: https://www.facebook.com/IGcom
LinkedIn: https://www.linkedin.com/company/igcom

#bitcoin #crypto #cryptocurrency

We provide fast and flexible access to over 15,000 financial markets – including indices, shares, forex and commodities – through our award-winning range of platforms and apps.

Established in 1974 as the world’s first financial spread betting firm, we’re now the world’s No.1 provider of CFDs and spread betting* and a global leader in forex. We also offer an execution-only share dealing service in the UK, Ireland, Germany, Austria and the Netherlands. We have recently launched a range of affordable, fully managed investment portfolios, to provide a comprehensive offering to investors and active traders.

Through our low fees and smart price-sourcing technology, we help traders keep their costs down.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading spread bets and CFDs with this provider†. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit.

* Based on revenue excluding FX (published financial statements, February 2018).

† For the 12 months preceding 1 October 2018.

(Visited 2 times, 1 visits today)
Advertisements

You might be interested in

LEAVE YOUR COMMENT

Your email address will not be published. Required fields are marked *