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Daily Cryptocurrency Tracker 2.1.19: Slight recovery in crypto markets

After showing great volatility over the past week, with several major price declines since Sunday, the cryptocurrency market showed signs of recovery over the past 24 hours, as 9 of the top 10 cryptocurrencies were seen higher at the time of writing. Bitcoin was up nearly 2%, trading above the $3,800 mark.

Highly volatile investment product. This is not investment advice. Your capital is at risk.

Ethereum leads top 10

While the majority of cryptocurrencies were seen higher over the past 24 hours, none registered higher gains than those of Ethereum. Currently ranked 3rd overall by market cap, Ethereum was up more than 5% at the time of writing, erasing all of the losses seen earlier this week. In fact, Ethereum is one of only 3 top 10 cryptos to register gains over the past week, showing weekly gains of more than 7%.

Highly volatile investment product. This is not investment advice. Your capital is at risk.

eToro Wallet receives official license

As part of eToro’s efforts to make crypto available to everyone, the eToro Wallet has become one of the world’s first to officially receive a license. eToroX, which operated the eToro Wallet and crypto exchange, has been granted a Distributed Ledger Technology (DLT) licence from the Gibraltar Financial Services Commission (GFSC). eToro is also one of the few regulated trading platform to operate in the crypto space. The eToro Wallet offers supports for various tokens and premium clients can also transfer cryptoassets off the platform to their wallets. Read more here.

eToro is a multi-asset platform which offers both investing in stocks and cryptocurrencies, as well as trading CFD assets.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% 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 can fluctuate widely in price and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Past performance is not an indication of future results. This is not investment advice. Your capital is at risk

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