accounts,  Australian Financial Review  reported.

Flynn runs a cryptocurrency over-the-counter (OTC) desk and reportedly serves around 450 clients. The legal complaint filed against Westpac and ANZ detailed that the banks closed his accounts soon after they were opened.

Interestingly, it was not the first time the crypto trader faced such issues with banking services. Over the last three years, over 20 of his bank accounts were shut by several banks, including CBA, NAB, ING and Bendigo Bank.

“How am I supposed to run a lawful business if I can’t get a bank account?” Flynn told the publication.

What Does 2021 Hold for the Markets? HYCM CEO SpeaksGo to article >>

He is now demanding compensation of over AUD 250,000 ($192,000) from the banks for discriminating against him and his Bitcoin business.

Banks have always remained hostile towards cryptocurrency companies. Though this is changing with the recent mainstream adoption of Bitcoin, the hostility was at its peak around the last few years.

Major companies like Coinbase even faced complications when its UK banking partner denied continuing offering services. However, the most noticeable one might be in India, a country with a significant crypto market. The central bank’s ban on banking services for crypto companies remained effective for a year until the top court squashed it.

Meanwhile, many cryptocurrency companies are now forming licensed banks to fill the gap between digital assets and mainstream financials.

a long-term move past the $640 mark. On the 18th of January, the BCH price moved above the $500 mark before a return to the $492 mark.

Bitcoin Cash stands at $497.57 at the time of writing. The highest price for the cryptocurrency in the past 24 hours was recorded at $509.52, while the price dropped to a low of $469.16 on the 18th of January. The BCH price suffered fluctuations between $472 and $492 before crossing the $500 mark.

15 technicals show a buy indication while nine are neutral and four are giving out a sell signal. Out of the 11 oscillators, we see two at the selling point, one at the buy position, and eight at the neutral indication. Out of the 17 moving averages, 14 favor a buy signal while one is neutral and two are at the sell indication.

Bitcoin Cash is testing the Bollinger bands midline and this is being tested on the 1D time frame. An increase can be observed in the expansion, which depicts an increase in price volatility. The cryptocurrency should see sideways movement on the short time frames for now.

Trading View analyst Master Shark’s Bitcoin Cash price predicts the breakout of a long triangle pattern. The analyst expects the price to move across the $637 mark.

The cryptocurrency moved above the triangle pattern in December 2020, with a retest of the broken trend line. The trade volume continuously increased since the Q3 of 2020. The Bitcoin Cash price prediction suggests a push towards the $637 level right after the price moves past this short accumulation zone above the broken trend line. The next targets for the cryptocurrency will lie at $666, $942, and then $1771 in the long-term. If it comes into play, this idea will result in a good payday for Bitcoin Cash hodlers.

Analyst Boss Mode Trader highlighted a breakout from the descending triangle pattern as well. The analyst expects the price to move above the $511 resistance, following a brief price correction and then a long run towards the $647 mark. The Bitcoin Cash price prediction puts the cryptocurrency in a big ascending channel, with a long-term target at the main channel’s top.

Analyst Hyper Boy has also come up with a triangle pattern on the BCH/USD charts. The analyst marked the breakout of the triangle formation in this Bitcoin Cash price prediction, and they expect a target price of $646 following the breakout in the long-term. Hyper Boy suggests traders continue hodling on the BCHUSD pair for 2021. The stop-loss for the trade setup is placed short of the $400 mark.

The Trading View analyst De GRAM believes that the BCH price will rise above the $560 level after bouncing off the bottom of an up-channel. The price currently rides the lower boundary of the ascending channel in this Bitcoin Cash price prediction.

dominated by numbers and growth. Here are a few highlights,

The list goes on and on, but we are not here for the accolades. When speaking about a transitional change (a coming-of-age from 2017), the perspective of crypto-traders or Bitcoin investors has evolved drastically over the past three years. From a point of high risk and high volatility in 2017, how will crypto-traders look at the market in 2021?

Back in 2017, before and after the bull run, volatility was a major concern for traders. It was always an ‘expect the unexpected situation’ with Bitcoin and the rest. The Volatility Index indicated the same, but the end of 2020 has been different.

If the spike in VIX is observed for cases 1, 2, and 3, it can be seen that the price faced a massive decline right after and BTC could not sustain a trading range at its highs. However, during its recent bull run, VIX remained at a lower level, in spite of Bitcoin crossing $20k. Result? BTC continued to consolidate above its previous all-time high.

Since 2019, a successful precedent and better understanding of the digital asset industry has led to controlled FUD, as a result of which, traders are currently better equipped with the knowledge to navigate through the market.

Traders from 2020 are fortunate to witness the injection of institutional capital. Before the 2017 bull run, CBOE and CME BTC Futures were just beginning to hit the markets. There was no relevant liquidity, let alone optimism, for a successful market ahead.

It was all in an experimental phase, one where traders would literally need to go in with the expectation of losing most of their capital.

Not anymore. CME, one of the largest derivatives exchanges in the world, recorded a new all-time high in Open Interest. OI represents the total value of the outstanding contracts that haven’t been settled. CME’s Bitcoin product is significant because it is accessible to multitudes of retail and institutional traders across the world at the moment.

The improving derivatives instruments have given Bitcoin and other assets exposure, something that was unheard of in 2017. For a trader entering the market in 2020, identifying value in crypto-assets will be much easier, unlike 3 years ago.

With the previous factors, there was a layer of commonality. Each condition evolved and become positive for Bitcoin over time, and all of it mostly relied on market maturity and eventual growth in interest.

However, 2020 threw a curveball at Bitcoin in the form of a pandemic which might have been its strongest test yet. Since 2009, the larger economic landscape had avoided any underlying concerns of inflation. The narrative was flipped when the COVID-19 pandemic crippled the economy during a world-wide lockdown. The traditional market faced its largest depreciation since the 1980s and Bitcoin’s valuation crumbled amidst financial uncertainty.

Dropping under $4000, skeptics were quick to write off Bitcoin’s capability to recover in an inflation-heavy environment. No points for guessing what happened next. 

Not only was Bitcoin the first major asset to bounce back, but it also continued to hold a higher position after every bullish rally. Crypto-traders, new and old, paid attention to Bitcoin’s resilience. With a valuation of nearly $29k at press time (New ATH, that’s right!), it is safe to assume Bitcoin passed with flying colors.

So, putting things in context, a lot has changed between 2017 and 2020 for crypto-traders. Unlike the previous allure of ‘get rich quick’ sentiment with cryptos, the digital asset class has evolved into a more definite and trustable unit in the trading industry.

In 2021, it is not a gamble to invest in Bitcoin and other cryptocurrencies, as was the case in post-December 2017. Traders are currently identifying injection of smart money, and an organic institutional presence in the digital asset market. While the asset class remains volatile as ever, it is important to note that other assets such as the S&P 500 and Dow Jones have been more volatile than BTC in 2020.

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Biraajmaan covers market trends of major cryptocurrencies. As a graduate in engineering, his interests lie in Blockchain technology. With over a year as a journalist, his articles focus on US and UK markets.

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were foretold for decades through movies produced by Hollywood that the US and its citizens are disciplined against villains, catastrophes, alien invasions, pandemics etc., however the Covid-19 pandemic proved to the contrary for US. Such a calamity has never been witnessed before in US’s history.

However, in these hard times, one industry remained glaringly evident, which fought against the pandemic and not only survived but stood tall in unexpected circumstances. That industry is none other than the “cryptocurrency trading”. While the businesses were closed due to lockdowns, a large number of investors found cryptocurrency market to be the only safe haven. So crypto trading proved that it has the power to fight off unwarranted circumstances without compromising on its existence and progress.

Hence those people who want to invest and make sure that their investment remains profitable, must invest in cryptocurrencies. Of course you don’t want your investment to just lye doing nothing and this creates worries. But be rest assured that your worries will be taken care of once you engage professional services of Solid Invest.

Solid Invest is a remarkable online crypto trading platform which is a great source of finding best available opportunities of crypto trading. At the same time it is popular for providing huge amounts of profits in the shape of returns on investment. The principle in crypto world is that if you are able to find a perfect online trading platform then the profits are impeccable. What you have had started as an attempt in crypto trading will transform into an adventure. It is one of the most rapidly growing trading platform and enjoys the reputation of being the most trustworthy and reliable online trading platform.

The important question is why to choose Solid Invest over others. The answer lies in the offerings that are provided by Solid Invest.

Firstly Solid Invest is different from other online trading platforms because it is entirely based on crypto trading. It provides simple trading solutions which allows the trader to understand every bits and pieces relating to crypto trading. In most of the cases with other trading platforms, they charge high transaction fees and the profits sharing rate is considerably low. However, with Solid Investa trader can ensure great earnings and that the fees being charged are kept at minimum. It also provides advanced tutorials which are helpful for the traders to make their trading journey a successful one.

Another important aspect of Solid Invest is that it ensures that your data and credentials remain secured. This is why millions of traders prefer to start their trading journey with Solid Invest without any fear of getting scammed or getting their data stolen.

Signing up with Solid Invest is also made very simple and does not include providing of documents, filling out of unnecessary details or information. To the contrary, any intended trader can avail the opportunity of opening a free wallet by only giving fewer details. Availing this option allows the trader to fully understand the offerings and features of Solid Invest. Once the trader feels comfortable to join hands with Solid Invest, he can then open a trading account which is necessary for conducting cryptocurrency trading.

The opening of account with Solid Invest requires a fixed minimum deposit. Once the deposit is made, through the selected mode, then the trader can start his trading transactions. Opening of account with other online trading platforms could be cumbersome because under their policies they cannot receive payments through debit/credit card nor they entertain any payments deposited via bank transfer. However with Solid Invest there is no such issue as a trader can make the deposit through debit card or credit card or bank via transfer. The only pre-requisite is the trader cannot make payments through third party which is prohibited under the Solid Invest’s policy.

There are at least more than 250 cryptocurrencies in which the trader of Solid Invest can trade in. However, most popular cryptocurrencies at Solid Invest’s platform are Bitcoin, Ethereum, Monero, Litecoin, Ripple, Bytecoin, Zcash and much more.

Though a brief background has been provided above, yet it is important to give a detailed introduction about security structure of Solid Invest. This is important because now a days, there have been many instances where the data and information of the trader have been compromised. However, Solid Invest has developed a highly secured network and gives utmost priority to the data and information of its customer. Solid Invest’s team of expertsare tirelessly engaged in developing high-end security protocols and upgrades so as to keep the network safe from unauthorized access.

In addition, the funds deposited by the customers of Solid Invest are kept safe separately in isolated accounts with the top financial institutions, which make them untraceable from any ill-intended person.

One cannot overlook the phenomenal customer support service provided by Solid Invest. The customer support team of Solid Invest remains 24/7 available through chat, telephone and email. In case a customer is faced with any difficulty or problem, he can call the customer service at any time. Solid Invest takes pride in its customer support team because all the agents are not only friendly but devoted to ensure that the problem is taken care of immediately and efficiently.

One cannot enjoy the trading if he could not understand it. For better understanding of trades, a large number of helpful educational material outlining the pros and cons of crypto trading have been made available at the platform of Solid Invest. Every trader of Solid Invest can access the education center and gain knowledge about the crypto trading.

In the end it is certain that all the above offerings make Solid Invest one of the best online trading platform. Those who wish to improve their lives as well as those who need a secondary source of income, Solid Invest is the perfect place for them to seek what they desire.

Daily Hodl notes that in a new synopsis of the markets, Davis said large Bitcoin holders are capitalizing on the massive move to the downside and hoping retail investors sell their BTC.

“There are very rich and very powerful players in this market who are very good at manipulating the market. They’re good at playing the game, right? And they play the game with billions of dollars in the capital at a time. They shake the market with massive selloffs while at the same time shorting the market,” he said.

He continued and said: “Then when the market’s down, they take your Bitcoin that you panic sold after a 10% drop. Rinse and repeat. Rinse and repeat. Gaining more Bitcoin, adding to their positions. This is the process of trying to shake you out of your position. Remember friends, don’t be whale food.”

It’s been also revealed that in Bitcoin’s 2017 bull run, the king coin dipped 30% or more multiple times on the way to its then all-time high of $20,000.

The Daily Hodl online publication notes that when BTC was down 10%, veteran trader Peter Brandt said the crypto bellwether was “not even close” to violating its parabolic uptrend.

The same online publication notes that Brandt accurately called the end of Bitcoin’s last bull cycle, calling the start of its long-term decline to a low of about $3,150.

We suggest that you check out the complete article in order to learn more about what he had to say.

At the moment of writing this article, BTC is trading in the red and the coin is priced at $35,606.08.

Stay tuned for more relevant news about the subject.

entering a brief consolidation period and the possibility of a third round of stimulus checks for American citizens are two possible reasons for today’s bullish price action.

A growing number of experts have voiced their opinion that Bitcoin’s recent bullish surge is due to outflow from gold as the top cryptocurrency is quickly becoming the preferred inflation hedge for the millennial generation.

Following the new all-time high price in Bitcoin (BTC) of $41,940 on Jan 8, the top cryptocurrency has entered what looks to be a brief consolidation phase as bulls attempt to push the price higher after confirming the $40,000 level as support.

At the time of writing, BTC is up 1.53% on the day and trading at $40,690 as the 24-hour trading volume has seen a 26% decrease from the record high’s set on Jan 8.

Predicting what comes next is a difficult task at these price levels due to the absence of a price ceiling. In regards to price volatility, Chad Steinglass, the head of trading at CrossTower suggested that increased volatility could be the norm until the market moves “into a more stable environment of balanced flows and more stable prices.”

In private comments to Cointelegraph, Steinglass said:

As has been the case in previous bull markets, a rise in the price of Bitcoin is often followed by a consolidation phase. During this time, traders tend to shift their attention toward altcoins and Bitcoin profits shift into smaller cap cryptocurrencies.

According to Jean Baptiste Pavageau, a partner at ExoAlpha, the current bullish momentum seen from Bitcoin will eventually slow down and at this juncture investors are likely to pile into altcoins. Pavaageau told Cointelegraph:

Coming off a week filled with positive developments for stablecoin projects, MakerDAO and its MKR token, which govern the development of the DAI stablecoin, has seen an increase of 45% over the past 24-hours and currently trades for $1,530.

The overall cryptocurrency market cap now stands at $1.1 trillion and Bitcoin’s dominance rate is 69%.

weekend, but prices dropped by around 12% on Monday.

The UK’s Financial Conduct Authority (FCA), said Monday that investing in crypto assets “involves taking very high risks with investors’ money”.

“If consumers invest in these types of product, they should be prepared to lose all their money,” it warned.

Bitcoin has been rallying since October 2020 with prices soaring by a staggering 300%.

Prices reached a record high of around $41,000 on 8 January but has since gone down to around $35,000.

Analysts had warned about an impending correction.

On Monday, the cryptocurrency market’s capitalisation fell from about $1.1trillion to about $978.22billion, according to CoinMarketCap data.

Up to $170billion was wiped from the cryptocurrency market’s value in just 24 hours.

All three leading cryptocurrencies – bitcoin, ethereum and tether – went down in value over the past 24 hours.

In 2018, then Prime Minister Joseph Muscat had told the United Nations General Assembly that cryptocurrency was the “future of money.”

He had spoken about Malta’s move to set up as a “Blockchain Island” and said that the nation was the “first jurisdiction worldwide” to regulate the technology that “previously existed in a legal vacuum.”

“Blockchain makes cryptocurrencies the inevitable future of money, more transparent since it helps filter good businesses from bad businesses,” Muscat had said.

But Malta’s Blockchain dream seems to be fading away fast, with Finance Minister Clyde Caruana recently saying that ‘Blockchain Island’ cannot happen unless traditional banks jump on board.

He told LovinMalta that, “Traditional banks have written off blockchain at its early stages. There’s always the potential [for Blockchain Island] but if we want to make it happen, there must be more work. The banks must be convinced that this is something that can really happen; unless they’re on board it will be very difficult to go for that.”

another critical debate relates to the whale movement associated with the market’s top cryptocurrencies.

This is a crucial debate, especially since the recent sell-off on spot exchanges was attributed to mid-level retail traders. Further, whales and Bitcoin wallets holding 1000+ Bitcoins have gone up considerably. The same is true for Ethereum as well, with the number of addresses HODLing 10000+ Ethereums increasing every day.

Now, this number is expected to continue rising in the future, based on data from Santiment. In the case of both top cryptocurrencies, $BTC and $ETH, mid-tier holders are taking major profits, but top-tier whales are not, which is why perhaps, one can call either market a whales’ playground. Any upcoming correction in Bitcoin’s price may pave the way for further price discovery beyond its latest ATH, based on data from CoinMarketCap.

The current market activity indicates that more and more institutional investors are entering the market and generating consistent demand that is driving the price higher. Retail traders may be selling for profits, but whales have not yet started booking their profits.

Bitcoin may have breached the $35,000-mark at the time of writing, but it is important to note that when BTC did correct itself a few days ago, the same didn’t affect its trade volume on spot exchanges. 24-hour volume on exchanges like Binance, Coinbase, and BitFinex highlighted the positive sentiment, and while there is selling, demand is being sustained based on exchange order books.

Though retail traders may be betting on the outcome they wish to see, institutional traders are buying systematically with the long-run perspective in their minds. 

as opposed to the outcome most likely to occur

— 찌 G 跻 じ ⚡️ 🔑 (@DegenSpartan) January 5, 2021

Looking at Bitcoin’s price chart right now, MicroStrategy’s average price of $19,400 per Bitcoin doesn’t seem as bad as it did back when the price was below $19,000. What retail traders could do at this point to differentiate is run with these institutions. The buying has persisted and the price may rally and fuel further price discovery if demand is being generated.

The rise in wallet addresses and the surge in trade volume indicate further price discovery and retail traders can support the narrative by watching the movement of whales. It may seem like a contrarian view by looking at Bitcoin’s price chart, however, the last 2 weeks of 2020 were about contrarians and this may carry forward into the first few weeks of 2021.

Stellar Lumens, Synthetix, Loopring Price Analysis: 06 January

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Ekta is a full-time journalist at AMBCrypto and her specialization lies in spot markets. Currently pursuing her MBA, she is passionate about trading, fintech, and everything decentralized.

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been the case for every altcoin.

Chainlink has for long been untethered to Bitcoin’s performance and this was reflected in its unmoved price as well. LINK’s price has been consolidating between $11.40 and $11.84 over the past couple of days and at press time, while LINK was trading at $11.34, the selling pressure was notably increasing too.

Such selling pressure could be a result of the digital asset’s price consolidating on the charts. Although LINK has managed to return 486% in year-to-date, its exchange inflows have increased too. According to data provider Santiment, Chainlink yesterday saw its largest exchange inflows spike for the year 2020.

A rise in inflows is usually a sign of traders’ panic in the market, and given the inactivity of certain alts like LINK in the face of Bitcoin’s hyperactivity, this is understandable. While many were able to sell the digital asset at a peak, the altcoin’s dropping price has only fueled this selling even more.

While Bitcoin may be peaking right now, a fall such as this will push the remaining alts further down the price charts. The rise in selling pressure could be an indication of a fearful market and traders wanting to realize their profits before a drop.

Interestingly, despite the rise in selling pressure in Chainlink’s market, its top hodlers were continuing to hodl. Not only that but as of last week, the number of wallets holding LINK tokens had risen by 200%, with Chainlink’s network wealth concentration changing too. This would suggest that despite the cryptocurrency’s price struggles, many of its core investors continue to hold it in good stead.

Although the spot market has not been providing relief to the market’s traders, the extended Chainlink network has been laying a solid foundation. Its oracles have been actively used by various projects in the decentralized finance ecosystem. While many have already integrated its price feeds to provided clarity on the price and other aspects, recently, it saw OpenDeFi, an open finance protocol, also integrate its price feed.

However, unlike others, this was to price tokenized gold and silver. Chainlink has taken giant steps in terms of progress and with its client list growing every day, even if the spot market drops, network growth will keep traders’ trust in the project.

Interestingly, Zeus Capital believes otherwise, with the firm recently suggesting that after Ripple, Chainlink might be the SEC’s next target.

Stellar Lumens, Polkadot, Compound Price Analysis: 26 December

Litecoin, Dogecoin, STEEM Price Analysis: 26 December

Namrata is a full-time journalist at AMBCrypto covering the US and Indian market. A graduate in Mass communication, while majoring in Journalism, she writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.

cryptocurrency enthusiast going by the username “Razoreth” on Twitter stated that he did this on Uniswap with just three steps.

Razoreth started with $1,000 in BitMEX in August 2020 but quickly gave up leverage trading after losing $200. It was right when the DeFi craze had picked up traction with yield farming as the main attraction. New projects were popping up from left to right, allowing users to deposit their cryptocurrencies as collateral and earn interest on it while getting rewarded with the project’s token. 

If this wasn’t enough, some DeFi-related tokens were doing a 10-100X overnight on decentralized exchanges like Uniswap, 1inch exchange, among others, leaving investors stunned and with hefty profits.

The anonymous trader was among a group of very few investors who took advantage of the DeFi craze. From basic research to scouting potential investors’ fund flow on Etherscan, Razoreth got an edge over other investors.

I came up with a strategy of only buying tokens that were under a day old and NEVER going to sleep holding something that had the potential of rugging. The majority of profits on new tokens are made in the first 3 hours, so I tried being one of the first 10 to buy something.

Most of Razroeth’s investments involved buying presale tokens like CORE, Hacken, and SUSHI and selling them for huge profits. By the end of August 2020, the trader allegedly had 1.8 ETH and finished September with 500 ETH. 

By December, Razroeth had increased his risk appetite by investing an average of 50 to 100 ETH. Since the trader held most of the profits in either Bitcoin or Ethereum, the current bull run did the rest of the job and pushed his portfolio to $1,000,000.

A question or a version of it lingering in the readers’ heads would be, “Can I do the same?” The answer to this is complicated since Bitcoin put an end to the DeFi summer.

While the hype around the ecosystem hasn’t died yet, many DeFi projects have strong fundamentals and hence, a chance to perhaps double or triple investments even now. It is worth noting that investing in such projects is risky, mainly because most of them launched during the DeFi craze and even now are unaudited and found purely for pump and dump purposes. Hence, trying to imitate what Razoreth did would be extremely dangerous for anyone’s portfolio.

Additionally, the DeFi mania ended due to Ethereum’s incapability to handle the bustling investors’ activity. The fees increased drastically, denying retail from taking part in the bullish cycle.

Ethereum Gas Fees chart

Although the gas fees temporarily decreased as the hype around DeFi faded, there seems to be another surge due to the on-going bull run. The current gas levels can linger because of a spike in on-chain activity.

consumers who invest in the red-hot cryptocurrency market “should be prepared to lose all their money” because there are so many risks involved.

Firms promoting crypto investments may overstate the returns that traders will reap and understate the risks of the market, and investors who buy in are unlikely to have access to consumer protections if something goes wrong, regulators said.

“Consumers should be aware of the risks and fully consider whether investing in high-return investments based on cryptoassets is appropriate for them,” the agency, known as the FCA, said in the warning. “They should check and carefully consider the cryptoasset business involved.”

Officials also noted that there’s no guarantee digital currencies can be converted back into cash and that their prices are known to swing wildly.

Monday offered yet another example of that volatility as the price of Bitcoin — the world’s largest cryptocurrency — plummeted after a record-breaking rally last week.

Bitcoin was trading at $31,702.83 as of 3:27 p.m., down more than 12 percent from a day earlier and about 24 percent from the all-time high of $41,962.36 that it reached on Friday, according to CoinDesk data.

Other popular coins also suffered heavy losses — Ethereum, the second-largest cryptocurrency by market value, was recently down about 18 percent at $974.46, while XRP was off 8.7 percent at roughly 27 cents.

Institutional investors have helped drive up Bitcoin’s price in recent weeks amid growing perceptions that it offers protection against inflation and could even become an alternative to gold.

But the FCA cast cryptocurrencies broadly as risky, “speculative” investments that could empty retail traders’ pockets given how loosely regulated they are.

“Investing in cryptoassets, or investments and lending linked to them, generally involves taking very high risks with investors’ money,” the agency warned. “… As with all high-risk, speculative investments, consumers should make sure they understand what they’re investing in, the risks associated with investing, and any regulatory protections that apply.”

intense Christmas holiday session. Crypto trading desks have been unusually busy, as Bitcoin keeps breaking new highs almost daily.

Over the past years, the traditional crypto market has not been as busy as the present market during the Christmas period.

The trading volume for Wintermute has hit $1 billion as B2C2 was extremely active. However, crypto traders are even expecting a more intense trading session by the turn of the year.

The past few days have seen the world’s biggest crypto desks working overtime to meet the high trading and transaction demands in the market.

The Christmas period has indeed favored the cryptocurrency market, as Bitcoin and other altcoins broke new grounds during the week leading to the festive holiday. Bitcoin has already crossed the $20,000 mark. It even went as high as $28,000 before shrinking a bit in a small correction.

But what the market shows is even more interesting. It’s not showing any signs of slowing down, which is why many observers think the intensity in the market will continue until January.

The high intensity in the market is caused by none other than the bullish market movement of almost all cryptocurrencies, except XRP. XRP’s fall is linked to the pending SEC lawsuit against Ripple, and not related to market indices.

However, there are several reasons why investors and traders don’t want to leave the market yet. The pending Brexit by December 31 is one reason why the market is in an expectant mood. As the crypto market continues to move in the bullish direction, the market will be interesting by the turn of the year.

It was an action-filled 2nd last week of the year, as there were major headlines in the traditional crypto market. The $900 billion US stimulus is said to have n impact on the cryptocurrency market. This is particularly interesting news in the crypto market because it can signal a further rise of crypto assets when traditional funds are pumped into the market.

As a result of these events, market experts believe the crypto market is going to be busier throughout the remainder of the year and at least a greater part of January.

market volatility.”

Retail investors in the U.K. and U.S. are barred from buying into crypto derivatives, including financial contracts that allow margin trading where investors need only put up a small amount of the contract’s notional payoff. 

This came with an explainer, saying clients with available balance could keep the positions open by adding funds, while those that don’t have available balance had the option to close other positions in order to free up funds.

However, disgruntled traders have taken to Twitter stating that four hours later eToro closed all leveraged positions on cryptocurrencies, including those that users had attempted to keep open. 

“eToro violated the contracts it had agreed with its clients,” said Slavko Vesenjak, an attorney in Slovenia who represents several eToro clients from across Europe. “A four-hour notice before closing all leveraged crypto positions made people wake up in their different time zones, seeing their positions closed.”

Amy Butler, global head of PR for eToro, said the vast majority of eToro’s customers were unaffected by the changes. 

“We understand that there are several dozen frustrated clients and we are working hard to resolve their frustrations,” Butler said.

Also last week, eToro, which is said to be planning a $5 billion public listing, raised its required deposit level from $200 to $1,000 in order to better manage overwhelming demand from hopeful crypto traders attracted by rocketing prices. 

The temporary decision to increase deposit minimums is because of the surge in demand, said Butler. As far as the removal of leveraged crypto in Europe, this decision was taken “from an internal risk management perspective,” said Butler, adding that it was not related to any potential IPO plans.

“The eToro clients will get their funds. If eToro does not refund them, the Cyprus state will,” said Jurij Toplak, a law professor at Alma Mater Europaea in Slovenia and an adjunct at New York’s Fordham Law.

Toplak said aggrieved eToro customers he’s representing will be approaching the Cyprus Securities and Exchange Commission in a bid to have eToro’s license revoked.

“I guess cryptocurrencies were just going up and eToro discovered they were not able to pay out that much money to the customers,” Toplak said in an interview. “And then they just canceled the contracts.”

continuing its bearish streak after Wall Street opened on Monday, taking 24-hour losses to 23%.

The move extends a reset of the market that kicked in over the weekend after Bitcoin hit all-time highs of $42,000.

A slow comedown accelerated through Sunday, with Monday continuing the selling pressure with little respite for traders attempting to “buy the dip.”

While traders were hardly panicked by what remains standard behavior for Bitcoin, prognoses began to favor a break from the kind of parabolic action of recent days and weeks.

For Cointelegraph Markets analyst Michaël van de Poppe, a useful reference for defining a mid-term floor lies in Bitcoin’s 21-week moving average (MA). Currently at $18,000, the indicator will be rising to match previous price growth while the price itself may continue to fall, with the two meeting in the middle of the resulting range to form a bottom.

“If you'd ask me a scenario for #Bitcoin, I think we'll see something like this in which the 21-Week MA comes in to play as support too,” he tweeted on Monday.

“Long positions had gotten very large, and so prudent risk management dictated that long holders, including miners, take a little off the table,” Chad Steinglass, head of trading at exchange CrossTower told Cointelegraph in private comments.

Steinglass added that the status quo may naturally shift in bulls’ favor as the trading week gets underway.

“It remains to be seen whether the start of the work week in the US and the opening of traditional banking hours will bring with it enough support from inflows to balance or overcome the sell interest or not,” he concluded.

Guy Hirsch, managing director for the U.S. at trading platform eToro, agreed.

"Bitcoin is trading down largely as a result of profit taking. Since we are still so far above the all-time high set before this recent bullish run up, it remains to be seen how much further we can fall," he told Cointelegraph.

In line with van de Poppe’s comments, altcoins were wary at publication time, with many of the top 10 cryptocurrencies by market capitalization seeing 20% losses on the day. Ether (ETH), the largest altcoin, quickly lost the $1,000 support to trade at $950.

Renewed strength in the U.S. dollar, meanwhile, could also keep Bitcoin in check, van de Poppe added in analysis on Monday.