Stability of cryptocurrency. What does it mean?

FXOpen

Stability of cryptocurrency. What does it mean?

For a long time, leading digital currencies, such as Bitcoin and Ether, continue to soar around average price points, which remain relatively stable. Of course, significant news of the cryptocurrency market can send shock waves throughout the market, quickly causing a surge or a fall in prices. However, as the events of the past week have shown, digital tokens seem to be prone to returning to familiar price ranges. Almost all the top 10 digital currencies by market capitalization are being traded horizontally throughout the week. Although some coins fell at the end of the week, Bitcoin remains relatively close to the $6,500 threshold, while Ether is pegged to the price of $200.

Although cryptocurrency rates were relatively stable, this does not mean that investors are satisfied with the state of the market. Indeed, many of the leading coins have fallen by 50% or more since their peaks a few months ago. This stagnant price trend has prompted many analysts and investors to assume that digital currency space is dead. However, looking from a broader perspective, it turns out that there are signs of life. This year, mergers and acquisitions in the digital currency world have tripled. In 2017, 47 transactions of this kind were conducted, and by the end of 2018 their number will be 145. Perhaps awareness-raising of cryptocurrency and blockchain technology played a certain role in this area.

For analysts with a pessimistic, or perhaps a realistic approach, the current situation does not give hope for the growth of cryptocurrency. Despite the months of aggressive selling pressure and oversold technical indications, the new analysis shows that there is a reason to believe that the leading coins, such as BTC, can break through threshold levels and continue to fall in price until the end of the year. Nouriel Roubini, a New York economist, recently suggested that the vast majority of digital currencies are useless, adding more pessimism to the wave. Speaking to the members of the US Congress earlier this month, Roubini went so far as to predict ‘Crypto Apocalypse’.

FXOpen offers the world's most popular cryptocurrency CFDs*, including Bitcoin and Ethereum. Floating spreads, 1:2 leverage — at your service. Open your trading account now or learn more about crypto CFD trading with FXOpen.

*Important: At FXOpen UK, Cryptocurrency trading via CFDs is only available to our Professional clients. They are not available for trading by Retail clients. To find out more information about how this may affect you, please get in touch with our team.

This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Stay ahead of the market!

Subscribe now to our mailing list and receive the latest market news and insights delivered directly to your inbox.

forex

Crypto CFD Trading with FXOpen

Crypto CFD Trading with FXOpen

Experience ECN technology for deep liquidity and light-speed trade execution

  • Access over 40 markets 24/7
  • Trade with tight spreads and low commissions
  • Choose from 3 trading platforms: MT4, MT5, or TickTrader
Learn more

Latest articles

Commodities

Crude Oil Price Hits New 2025 Low

As shown on the XBR/USD chart, the price of Brent crude oil dropped to $73.92 yesterday:
→ this marks a new low for 2025;
→ the decline since 15 January exceeds 9%.

Bearish sentiment is being driven by Trump's policies.

Shares

Ford (F) Share Price Drops to a 4-Year Low

As shown by the Ford (F) share price chart today, the price has fallen to $9.25 – its lowest level since early 2021.

This drop occurred following the publication of the quarterly earnings report on 5 February:

→ Earnings per share:

Forex Analysis

Yen and Euro Test Strategic Levels

The downward correction of the US currency, which began after the postponement of the tariffs announced by Trump, continues to gain momentum. The EUR/USD currency pair is trying to consolidate above 1.0400, sellers of USD/JPY have managed

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 60% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.