Which cryptocurrency is the most volatile? Answered by a cryptanalyst with 10 years of experience
Which cryptocurrency is the most volatile? The question interests many crypto traders who know the rule of Forex trading: the higher the volatility, the more impressive the earnings can be.
Highly volatile assets allow you to quickly disperse your deposit, but for a complete picture of the market you need to understand what volatility is associated with and how to properly use it to your advantage.
Let's turn to the experts of the universal broker NPBFX , which was one of the first to offer trading in Bitcoin (BTC/USD) and other crypto assets on the licensed and most popular MetaTrader 4 platform in the world.
What is the volatility of crypto assets associated with?
- The cryptocurrency market is relatively young and unstable.
- Prices are speculative and depend on investor behavior.
- The cryptosphere is actively changing through updates and expansions of blockchain systems.
But one of the cryptocurrencies available for Forex trading stands out from the rest: Bitcoin.
Why should you pay attention to Bitcoin?
- Bitcoin has special price formation factors.
The high volatility of Bitcoin is influenced by market demand, news, especially related to the regulation of cryptocurrency, as well as the general state of the crypto market. In addition to these factors, the operation of the Bitcoin blockchain, its updates or structural changes also affect.
- Bitcoin has a limit.
There are 21 million coins in the world. The limitation makes Bitcoin a unique means of payment, an investment asset and a trading tool. Due to emission restrictions, the value of Bitcoin is also increasing.
- Bitcoin has an impressive track record in terms of price growth.
2008 – 2013: if at the beginning of the emergence of the cryptocurrency 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 of up to $400.
2016 – 2017: the value at the end of the period did not exceed $12,000.
2018 – 2019: the cryptocurrency was worth up to $8,000 at the end of the period.
2020 – 2021: Bitcoin reached levels above $65,000.
2022 – 2023: a pullback occurred, the cryptocurrency initially dropped to levels below $20,000, but by the end of the period it had recovered to $43,000.
2024: A new all-time high is reached above $71,000. At the time of writing, Bitcoin is trading above $62,000.
How to make money trading Bitcoin?
For profitable trading, we recommend using 2 assistants: cryptocurrency analytics and accurate trading signals. Both tools are available with free access on the NPBFX broker's .
The analytical portal is the company’s own development, which includes a built-in analytics feed, trading recommendations, training courses, a library of trading systems and many other tools. And most importantly, the Portal is free, available 24/7 and in Russian. You can get it immediately after registering on the NPBFX website.
Bitcoin Analytics. The Portal publishes analytics on Bitcoin and other crypto-assets. In a few minutes of reading, the analytical release presents traders with a Bitcoin price forecast chart, describes the current market situation and offers several trading scenarios to choose from. No need to spend hours surfing the Internet - use high-quality cryptanalytics from NPBFX experts. In addition, the portal provides an online chat where you can directly ask your question to a PRO analyst and receive a reasonable answer in a short time.
Bitcoin trading signals. Signals are generated every minute, 10 times each. indicators. To get recommendations for any time frame during the day, select the cryptocurrency market. Depending on the technical analysis, a trading recommendation will be generated for your timeframe: actively buy or actively sell, buy or sell, wait.
For convenience and confidence in educational and analytical materials, experts recommend testing your trading strategy on a demo account. Like the Portal, a demo account with NPBFX is also free.
Which broker to 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 the pool of assets for trading. NPBFX was one of the first to do this, providing clients with liquidity and execution of trading orders at the best market prices with leverage of 1:10, tight spreads and 0% commission on trading turnover.
Broker NPBFX has been present on the Forex market since 1996; until 2016, clients were served by Nefteprombank JSC. At the present stage of development, NPBFX continues to strictly adhere to high financial standards, and all clients of the company are additionally protected by a Financial Commission in the amount of up to 20 thousand euros per deposit.
Why should you choose NPBFX for Bitcoin trading?
NPBFX is a proven broker that has earned an impeccable reputation over almost three decades in the financial market. Features that set it apart from other companies:
- Instant withdrawal to interbank using STP technology. NPBFX guarantees that there is no conflict 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 themselves choose which strategies to choose: long-term, medium-term, intraday, indicator, scalping, robots, etc.
- Withdrawal of funds in 20+ ways , including to Russian cards. Besides them: EPS, cryptocurrency, online banking.
- Favorable trading conditions: start from $10, more than 130 instruments, Cashback with payment of up to 60% of the spread.
To trade cryptocurrencies and connect to the market, we use the proven MetaTrader 4 platform, which you can download for free on the NPBFX website. It is suitable for all types of devices: Windows computers and laptops, Android smartphones, iOS devices. Additionally, the terminal can be opened through any convenient browser.
How to start trading Bitcoin with NPBFX?
- Follow the link to the NPBFX website.
- Register your Personal Account.
- Open any trading account and earn money by trading Bitcoin.
Start making money by trading Bitcoin and other 130+ assets in NPBFX.