Crypto Traders are Pouncing on Still-Oversold Traditional Assets in 2020

Events within global financial markets over the past few months have been unexpected and have shocked many analysts and bystanders who have watched some of the highest levels of volatility throughout the markets in years.

While many cryptocurrency traders have watched as the market has largely recovered back to pre-crash levels now, many savvy cryptocurrency traders are looking towards the traditional markets such as stocks and forex as that sector has yet to recover, and is still largely oversold.

We’re investigating the global cryptocurrency market and the difference with global traditional markets, and what that means for cryptocurrency investors that are looking for the optimal opportunities for generating a profit over the coming months.

The Recovery of the Cryptocurrency Market

In early 2020, we have seen a slow recovery of the cryptocurrency market that rapidly deteriorated into a full-blown flash crash which saw the price of Bitcoin halve in under 24 hours in what is the largest single drop in the value of Bitcoin in its lifetime.

However, while there has been turmoil in the cryptocurrency market, now weeks later we have seen a progressive recovery back to levels that were comparable to the pre-crash prices of $8000-$9000 USD.

There's still a chance that the price of Bitcoin and other cryptocurrencies can again drop back down towards the level of the crash over the coming weeks, but the opportunity to buy into the cryptocurrency market and ride the recovery back upwards has now passed.

Traditional Assets Still Widely Oversold

In comparison to global cryptocurrency markets, the stock and money markets of the world are still largely oversold and there has been a much more restricted recovery from the crashes that we’ve seen over the past few months.

This opportunity is presented to cryptocurrency traders who can be flexible in the asset classes that they invest into, being that now there is a clear advantage to cryptocurrency investors who transition the assets across to traditional markets, and buy into the largely oversold assets there prior to the impending recovery.

While the boat may have sailed for the cryptocurrency market and cryptoassets are now back to recovery levels, the same is not true in the traditional market and these widely oversold cheap assets are a key opportunity for all investors to take advantage of.

The Best Trading Platform for Trading Crypto and Traditional Assets

Being able to quickly and easily transition assets between different asset classes is highly important in the current conditions, and PrimeXBT is the world's leading multi-asset margin trading platform and provides a bridge between cryptoasset and traditional asset markets.

PrimeXBT lists a wide range of cryptoassets and traditional assets that include cryptocurrencies such as BTC, ETH, XRP, LTC, and EOS, stock indices such as HK-HSI, NASDAQ and UK100, commodities such as oil, gold and natural gas, and forex pairs such as AUD/CAD, EUR/GBP and USD/CHF.

As well as this, PrimeXBT provides the lowest fee schedule of any major trading platform in either the cryptocurrency industry or in mainstream traditional asset trading, with a low flat rate of 0.05% applied to all trades.

Final Thoughts: Traditional Markets Still Oversold

During the current conditions it makes sense for cryptocurrency investors and traders to consider that the traditional market is currently presenting far better opportunities for generating a profit with limited risk compared to the cryptocurrency market, which has already largely recovered.

PrimeXBT is a leader in cross-asset trading and provides a fast, simple, and cheap bridge between the cryptoasset market and the traditional markets of the world.