Last week a few crypto exchanges announced that they would delist some of the so-called privacy coins such as Monero, Dash, and Zcash. For example, Bittrex warned its customers that it would remove these cryptocurrencies on January 15th:Source: TwitterThe reason behind the decision to delist the privacy coins is still unclear; some cryptocurrency enthusiasts like Larry Cermak, a crypto expert at The Block, believe that this is just a continuation of the process initiated by the financial authorities to try to regulate the crypto market:Source: TwitterInterestingly, this event didn\u2019t affect the crypto market negatively. The price of Bitcoin skyrocketed and surpassed the psychological level of $30,000 per one digital coin, reaching almost $35,000 on some major exchanges. Therefore, Bitcoin and cryptocurrencies turned out to be the best performing financial market for 2020:Source: TwitterAfter another very positive week for the cryptocurrencies, the Monday market starts with relatively high volatility. At the time of writing, according to Coin360.com, one Bitcoin costs \u20ac23,811.43 (-12.38%), one Ethereum \u2014 \u20ac757.15 (+13.55%), and one LINK \u2014 \u20ac10.56 (+3.18%):Source: Coin360.com (Daily crypto market performance)Now let\u2019s have a look at the price charts of the leading cryptocurrencies against the euro.BTC\/EURIn the daily time frame (1D), it seems that BTC\/EUR is trying to reverse the uptrend:According to the chart, a Long-Legged Doji formed, followed by a big bearish candlestick which covers the body of the bullish candlestick. Therefore, a Bearish Engulfing may come next.Although there is an accumulation of bearish signals, it is worth highlighting that this is in the daily time frame \u2014 a time frame that is very dynamic and volatile sometimes. Moreover, if we move on to the weekly time frame (1W), the current bearish candlestick still has a local low above the local low of the bullish candlestick and its body is still within the\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Last week a few crypto exchanges announced that they would delist some of the so-called privacy coins such as Monero, Dash, and Zcash. For example, Bittrex [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/3116"}],"collection":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/comments?post=3116"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/3116\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/media?parent=3116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/categories?post=3116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/tags?post=3116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}