Bitcoin climbed for the seventh consecutive session on Monday, recovering from a year-end slump, while investors cautiously await clues on the U.S. regulatory outlook before President-elect Donald Trump takes office this month.
Bitcoin rose around 1% to $98,870.0 by 09:27 ET (14:27 GMT).
This price movement is part of a broader crypto trend, with Bitcoin experiencing a 6% appreciation over the past week.
In December 2024, Bitcoin reached an all-time high of $108,244.9, driven by increased institutional adoption and expectations of a strategic reserve under the Trump administration.
However, prices fell sharply in the last two weeks of 2024 amid profit-taking as the U.S. Federal Reserve’s hawkish rate outlook sparked liquidity concerns.
Trading involves high risk and do not take live update as trading advice!
[Legal Advisor-OG Markets]
Mastering the Basics
- Stay informed about key economic indicators such as GDP growth, unemployment rates, inflation, and consumer confidence. These indicators provide insights into the economic health of a country and can significantly influence currency values.
Risk-Free Demo Trading
Develop a well-defined trading plan that outlines your entry and exit strategies, risk management rules, and profit targets. A solid plan helps you stay disciplined and focused during trading.
Global Currency Pairs
- Diversify your trades across different currency pairs or financial instruments to spread risk. This approach helps mitigate the impact of adverse movements in any single asset.
Risk Management:
Leverage and Margin:
Leverage and margin are fundamental concepts in forex trading that allow traders to control larger positions with a smaller amount of capital. Understanding these concepts is crucial for effective trading and risk management.
Market Analysis:
Tags:
Leave A Comment