Market review, October 25, 2019

2019-25-10 12:08:27

According to Finder, an Australia-based financial services company, the number of Americans owning cryptocurrencies has doubled in 2019.

Finder has surveyed 2,068 Americans, and it turned out that while last year, 7.95% of U.S. citizens owned cryptocurrencies, in 2019, their number increased to 14.4%. The average amount out of the owned crypto by Americans accounts for $5,447, the median amount of cryptocurrency owned by U.S. people stands at $360.

More than half of American crypto holders claimed that they own several digital assets at once. The survey says that men own crypto at nearly twice the rate of women, with 19% of men surveyed claiming they hold some type of crypto versus just 10% of women. составляет 10%.

61% of respondents claimed that own crypto for investment purposes. 29.3% said they use it for transaction purposes. Meanwhile, as much as 25.6% of U.S. people hold crypto because they want to store their money outside traditional financial institutions.

The Finder experts noted that most Americans are scared away by the difficulty of buying cryptocurrencies.47.9% of respondents believe that it is “too difficult” to deal with cryptocurrencies. Almost the same number of respondents (45%) are not interested in cryptocurrencies, and 23% of U.S. citizens consider them too risky for investment.

Technical analysis of Bitcoin (BTC):

Market review, October 25, 2019Over the past day, the price of bitcoin grew to the mark of $7,640. Now, the price of bitcoin is $7,590. In the future, we expect the continuation of the upward movement to the resistance level of $7,940. The nearest resistance levels are $7,740, $7,940. The nearest support levels are $7,400, $7,300, $7,000.

Technical analysis of Ethereum (ETH):

Market review, October 25, 2019

Over the past day, the price of ethereum rose to the mark of $167. Now, the price of ethereum is $165. In the future, we expect the continuation of the upward movement to the resistance level of $172. The nearest resistance levels are $168, $172. The nearest support levels are $157, $152.

Technical analysis of Ripple (XRP):

Market review, October 25, 2019

Over the past day, the price of ripple grew to the support level of $0.2840. Now, the price of ripple is $0.2820. In the future, we expect a downtrend. The nearest resistance levels are $0.28, $0.2840. The nearest support levels are $0.2740, $0.2670.

Disclaimer. This review is only for information purposes and cannot be considered as a proposal or an indication to perform certain transactions in the financial and commodity markets. The estimates and recommendations in the review are the personal opinion of the company's analysts. The company's view on the prospects for individual financial instruments is valid as of the date of the report. The Company does not assume any liability and liabilities for compensation for damage that may result from the use of this report.
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