{"id":412948,"date":"2020-01-31T16:00:34","date_gmt":"2020-01-31T16:00:34","guid":{"rendered":"https:\/\/ktsl888.com\/?p=412948"},"modified":"2020-01-31T14:03:08","modified_gmt":"2020-01-31T14:03:08","slug":"crypto-market-bitcoin-ethereum-xrp","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/crypto-market-bitcoin-ethereum-xrp\/","title":{"rendered":"Extreme Volatility Inbound: Why Today Is Critical For the Crypto Market"},"content":{"rendered":"

Thus far, 2020 has been a stellar year for the crypto market, adding over $70 billion to the total market cap since the clock struck midnight into the new year, thanks to short-term uptrends in Bitcoin, Ethereum<\/a>, XRP<\/a>, and the rest of the altcoin market.<\/span><\/p>\n

Bitcoin<\/a> and the rest of the altcoin market may be gearing up for some extreme volatility starting today, suggesting that today may be the crypto market\u2019s most critical day yet.<\/span><\/p>\n

Big Day for Bitcoin: CME Expiration, Monthly Close, and More<\/h2>\n
Bitcoin<\/a> is the clear market leader, dominating the rest of the thousands of altcoins across the market by over 65%<\/a>.<\/span><\/p>\n
As the market leader, it often dictates the direction and performance of other altcoin assets like Ethereum<\/a>, XRP<\/a>, Litecoin, and many others.<\/span><\/p>\n
Related Reading | Bitcoin Futures Expiration, Soaring Open Interest Could Signal Major Move Ahead<\/a><\/strong><\/em><\/p>\n
An explosion in volatility is expected in part due to Bitcoin CME Futures contracts expiring today. CME Futures’ expirations in the past have led to large increases in volatility in the days leading up to and following<\/a>.<\/span><\/p>\n
The first expiration of the year happens today, so extreme levels of volatility are expected.<\/span><\/p>\n
BitMEX Open Interest also continues to rise \u2013 another metric that often results in massive price surges in either direction when certain levels are reached.<\/span><\/p>\n
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Definitely expecting some fuckery that I won't be able to trade, but will keep a close eye on it.<\/p>\n
This would be the occasion for majors to retrace a bit too and confirm levels\/resistances broken on the way up as support.<\/p>\n
This would be a real sign of strength and continuation.<\/p>\n
— Pierre (@pierre_crypt0) January 31, 2020<\/a><\/p><\/blockquote>\n