When it comes to trading in the crypto space there are three common mistakes new traders make: going against the trend, trading in consolidation periods and forgetting to reduce their risk. This is especially true when it comes to trading highly volatile coins with a low market capitalization and it pays to remember that when bitcoin’s price moves so too does the rest of the crypto market. Take for example bitcoin’s recent breakdown seen Oct. 11 at 00:58 UTC, when the price dropped more than $400 in 30 minutes. This had the dual effect of reducing the total value of altcoins while undermining investor confidence due to BTC pairings with prominent coins such as ether (ETH) and XRP. Then there was the tether (USDT) scandal that saw the price of the infamous stablecoin drop to $0.869 on certain exchanges, creating a $300 disparity in bitcoin’s price amongst those listing tether’s price pairings versus those listing plain old USD.

Three Trend Of Market