Bitcoin, Ripple, Ethereum, Bitcoin Cash, Stellar, EOS, Litecoin, Cardano, Monero, TRON: Price Analysis, Dec. 3

Published on by Cointele | Published on

Mentioned in this article
Bitcoin
63,958.32
USD
-877.60
-1.372 %
Ethereum
3,144.28
USD
-29.07
-0.925 %
Cardano
0.47
USD
-0.01
-1.737 %
TRON
0.12
USD
+0.00
+2.359 %
Bitcoin Cash
489.23
USD
+7.97
+1.630 %
Litecoin
88.42
USD
+3.78
+4.279 %
Stellar
0.11
USD
+0.00
+0.097 %
Monero
120.87
USD
-0.03
-0.027 %
Over-the-counter trading desks usually cater to institutional or large individual traders.

While retail traders are dumping their holdings in cryptocurrencies, institutional traders are using the opportunity to buy.

The notional volume of Bitcoin traded this year has already touched the $2.2 trillion mark, according to Satoshi Capital Research.

The numbers will soar after the markets turn bullish in 2019.Global funds network Calastone, which processes mutual fund trades for over 1,700 financial companies, will use blockchain for its entire system of fund trade clearing services.

ETH/USDEthereum has been trading inside the tight range of $130.50-$102.20 for the past ten days.

The traders should wait for a new buy setup to form before initiating a long position in the EOS/USD pair.

ADA/USDCardano has been trading in a tight range for the past few days.

One small positive is that it has been trading in the top half of the range, which shows some buying pressure.

Short-term traders can wait for a close above the range and then ride the move higher.

Position traders should wait for a new uptrend to begin before initiating any long positions.

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