Daily Cryptocurrency Tracker 26.11.18: BTC recovers after falling below $4,000

The cryptocurrency market once-again took a turn for the worse over the weekend, as the majority of cryptocurrencies tumbled. Bitcoin continued to slip, falling below the $4,000 mark for the first time since September of last year. However, over the past 24 hours, the market showed signs of recovery, as all top 10 cryptos registered gains, including 5 in the double-digits. At the time of writing, Bitcoin was up more than 9%, climbing back above the $4,000 mark.

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Litecoin climbs 12%

Of the top 10 cryptocurrencies, it was Litecoin, currently ranked 7th by market cap, which registered the largest gains. At the time of writing, LTC prices were up more than 12%. However, the recent gains were still not enough to erase the losses seen last week, as the crypto is still down more than 19% for the week.

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Bitcoin Cash trading resumed on eToro

After undergoing a hard fork, which split the Bitcoin Cash blockchain into two separate cryptocurrencies, and trading was halted on eToro, BCH trading has now been restored. Currently, the eToro platform and eToro wallet support the ABC BCH chain, which appears to be the more dominant than its counterpart, BCH SV. However, eToro is looking into the SV chain and will update its clients if it also becomes available for trading on the platform.

Highly volatile investment product. This is not investment advice. Your capital is at risk.

eToro is a multi-asset platform which offers both investing in stocks and cryptocurrencies, as well as trading CFD assets.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% 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.

Cryptocurrencies can fluctuate widely in price and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Past performance is not an indication of future results. This is not investment advice. Your capital is at risk

The post Daily Cryptocurrency Tracker 26.11.18: BTC recovers after falling below $4,000 appeared first on eToro.

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