CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

📉 Cryptocurrencies sink!

10:01 23 February 2021

Bitcoin trades 12% lower today, some coins drop over 20%!

Carnage can be spotted on the cryptocurrency market today. Bitcoin slumping for the second day in a row and in spite of recovering part of losses, still trades around 12% lower today. Bitcoin is trading over 20% off a recent all-time high. A correction from the beginning of January saw price drop as much as 30%. A key level to watch can be found at $45,000, where the lower limit of the Overbalance structure can be found. Breaking below this level may herald a drop towards the previous local high in the $41,500 area.

Bitcoin drops around 12% today. The key support to watch can be found at the $45,000 mark. Source: xStation5

Other cryptocurrencies are also plunging today. Declines in some cases exceed 20%. Source: xStation5

Investors can use CFD contracts on cryptocurrencies to take long positions (if they expect price to rise) or short positions (if they expect price to fall).

This content has been created by X-Trade Brokers Dom Maklerski S.A. This service is provided by X-Trade Brokers Dom Maklerski S.A. (X-Trade Brokers Brokerage House joint-stock company), with its registered office in Warsaw, at Ogrodowa 58, 00-876 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. X-Trade Brokers Dom Maklerski S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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