ledgernoise.com
Daily Crypto News

Bitcoin (BTC): How Risky is It Monday?


Bitcoin achieves a low risk analysis based on InvestorsObserver research. The proprietary system gauges how much a coin can be manipulated by analyzing much money it took to shift its price over the last 24 hour period along with analysis of recent changes in volume and market cap. The gauge is between 0 and 100 with lower scores equating to higher risk while higher values represent lower risk.

Risk/Reward Score - Low
InvestorsObserver is giving Bitcoin a low Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Bitcoin!

Trading Analysis

BTC’s risk gauge score translates to a low risk investment at the moment. Portfolio managers who heavily weigh risk assessment will find this gauge more relevant when attempting to avoid (or discover) more risky investments.

Bitcoin is -1.23% lower as of the last 24 hours of trading, resulting in its current price of $19,240.26. The price movement has coincided with volume being below its average level and the coin’s market capitalization fallen. The market capitalization for the coin now sits at $368,941,645,687.19 while $26,767,916,754.46 worth of the crypto has been exchanged over the past 24 hours. The price movement relative to the changes in volume and market cap recently, gives BTC a low risk assessment.

Summary

Recent price movement of BTC gives the cryptocurrency a low risk score due to past 24 hours of price volatility in relation to volume changes, giving traders reason to be confident on the coin’s manipulability at the moment.

Click Here to get the full Report on Bitcoin (BTC).

Stay In The Know

Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.

Thank you for signing up! You’re all set to receive the Morning Update newsletter



Read More: Bitcoin (BTC): How Risky is It Monday?

Disclaimer:The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. NewsOfBitcoin.com does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.