Which cryptocurrency is the most volatile? A crypto analyst with 10 years of experience answers
Which cryptocurrency is the most volatile? This question is of interest to many crypto traders who know the rule of Forex trading: the higher the volatility, the more impressive the potential profit.
Highly volatile assets allow you to quickly grow your deposit, but to get a complete picture of the market, you need to understand what volatility is and how to use it to your advantage.
Let's turn to the experts at NPBFX , a universal broker that was one of the first to offer Bitcoin (BTC/USD) and other cryptocurrency trading on the licensed and world-famous MetaTrader 4 platform.
What causes crypto asset volatility?
- The cryptocurrency market is relatively young and unstable.
- Prices are speculative and depend on the behavior of investors.
- The cryptosphere is rapidly changing through updates and expansions of blockchain systems.
But one cryptocurrency available for trading on the Forex market stands out from the rest: Bitcoin.
Why should you pay attention to Bitcoin?
- Bitcoin has special price formation factors.
Bitcoin's high volatility is influenced by market demand, news, particularly related to cryptocurrency regulation, and the overall state of the crypto market. In addition to these factors, the operation of the Bitcoin blockchain, its updates, and structural changes also play a role.
- Bitcoin has a limit.
There are 21 million coins in the world. This limitation makes Bitcoin a unique means of payment, an investment asset, and a trading tool. Due to the limited supply, Bitcoin's price also increases.
- Bitcoin has an impressive track record in terms of price growth.
2008 – 2013: If at the beginning of the cryptocurrency’s emergence, you could buy approximately 1310 Bitcoin for 1 USD, then by the end of the period, one Bitcoin cost around $600.
2014 – 2015: Bitcoin experienced a decline and ended the period at a level below $400.
2016–2017: the end-of-period value did not exceed $12,000.
2018–2019: The cryptocurrency reached $8,000 at the end of the period.
2020 – 2021: Bitcoin reached levels above $65,000.
2022–2023: There was a pullback, with the cryptocurrency briefly falling to below $20,000, but by the end of the period it had recovered to $43,000.
2024: A new all-time high of above $71,000 is reached. At the time of writing, Bitcoin is trading above $62,000.
How to make money trading Bitcoin?
For profitable trading, we recommend using two tools: cryptocurrency analytics and accurate trading signals. Both tools are freely accessible on the NPBFX broker's .
The analytical portal is the company's own development, featuring an integrated analytics feed, trading recommendations, training courses, a library of trading systems, and many other tools. Best of all, the portal is free, available 24/7, and in Russian. You can access it immediately after registering on the NPBFX website.
Bitcoin Analytics. The Portal publishes analytics on Bitcoin and other crypto assets. Each analytical release provides traders with a Bitcoin price forecast chart, a description of the current market situation, and several trading scenarios to choose from. No need to spend hours surfing the web – use high-quality crypto analytics from NPBFX experts. The portal also features a live chat where you can directly ask a PRO analyst your question and receive a reasoned answer promptly.
Bitcoin trading signals. Signals are generated every minute based on 10 technical indicators. To receive a recommendation for any timeframe during the day, select a cryptocurrency market. Depending on the technical analysis, a trading recommendation will be generated for your timeframe: buy or sell, buy or sell, or wait.
For convenience and confidence in the training and analytical materials, experts recommend testing your trading strategy on a demo account. Like the Portal, the demo account at NPBFX is also free.
Which broker should I choose for Bitcoin trading?
Bitcoin is a modern, promising instrument for highly profitable trading, which is why a number of Forex companies have added it to their trading asset pool. NPBFX was among the first to do so, providing clients with liquidity and execution of trading orders at the best market prices with 1:10 leverage, tight spreads, and a 0% commission on trading volume.
NPBFX has been operating in the Forex market since 1996, and until 2016, its clients were served by Nefteprombank JSC. At its current stage of development, NPBFX continues to strictly adhere to high financial standards, and all of the company's clients are additionally protected by the Financial Commission for deposits of up to €20,000.
Why Choose NPBFX for Bitcoin Trading?
NPBFX is a proven broker that has earned an impeccable reputation over nearly three decades in the financial market. Its distinguishing features include:
- Instant withdrawal to the interbank market using STP technology. NPBFX guarantees no conflicts of interest between the broker and clients.
- Top liquidity providers : Bank of America, JPMorgan, Citi, Goldman Sachs, HSBC, Currenex, Hotspot and other major financial companies.
- All trading systems are allowed. Traders choose their own strategies: long-term, medium-term, intraday, indicator-based, scalping, robots, etc.
- Withdraw funds in 20+ ways , including to Russian cards. Also available: EPS, cryptocurrency, and online banking.
- Favorable trading conditions: starting from $10, over 130 instruments, cashback with payout of up to 60% of the spread.
For cryptocurrency trading and market access, we use the proven MetaTrader 4 platform, which you can download for free from the NPBFX website. It's compatible with all devices: Windows computers and laptops, Android smartphones, and iOS devices. You can also access the terminal from any browser.
How to start trading Bitcoin at NPBFX?
- Follow the link to the NPBFX website.
- Register your Personal Account.
- Open any trading account and earn money by trading Bitcoin.
Start earning money trading Bitcoin and 130+ other assets at NPBFX.
