Cryptocurrency trading is the way to earn profit by buying and reselling coins at different price levels and sometimes using several different crypto exchanges. There are some methods helping traders to be consistent and make a profit. The most popular techniques used in crypto trading are:

  • Intraday trading
  • Swing
  • Scalping
  • Position trading
  • Arbitrage.

The difference between these methods lies in the timeframes within which traders buy cryptocurrency and sell it. That may be a two-second trade or several months’ investments. All these methods are based on market analysis, price chart investigation, finding price indicators, and other research made by a trader. 

What Does Crypto Price Depend on?

The crypto market is incredibly volatile since digital asset prices and emissions are not subject to central banks or government decisions. So they fluctuate daily, and cryptocurrency price today can be entirely different from yesterday’s rate if the market trend changes rapidly, as happened in early November after the news about the FTX exchange collapse. So here are some factors that affect crypto rates:

  • News background
  • Investors sentiment
  • Market trend
  • Global economic situation, inflation, etc.

Where to See the Real Price of Coins?

If you just want to keep track of the market fluctuations, you may check out the popular Cryptocoin Cap resource offering the list of all crypto coins in the market with their prices, market cap, charts, etc. If you want to trade crypto, use any of the large and credible platforms, for example, the WhiteBIT exchange. It is the largest service for crypto investment and trading, allowing a wide range of earning options and trading tools for clients, along with robust security and personal accounts protection. Clients also may take advantage of the WBT token – the native crypto of the platform that delivers discounts for trading fees and additional earning opportunities for the token holders.

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