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Crypto Arbitrage Today: BTC, XRP, ETH, LTC, ADA, Dash

In the world of cryptocurrency trading, arbitrage is a good way to make some easy money by doing virtually nothing. Moving coins from one exchange to the next can easily yield some good profits, assuming one can execute trades in a timely manner. The following six opportunities will play a big role in the arbitrage department over the coming hours, as all markets remain on shaky legs.

Cardano (Paribu / Binance / Kraken)

It has been a bit of a wild ride for Cardano arbitrage opportunities this week. More often than not, this currency easily makes the top six, primarily because very few exchanges can effectively maintain a decent value which is on par with the rest. Today, the price on Paribu is lower compared to Binance, Kraken, and Gate. This allows for profits of up to 2.8% to be pocketed in fairly quick succession.

Ethereum (Bitstamp / Bitfinex / HitBTC)

A few interesting Ethereum-related arbitrage opportunities present themselves today. The value on Bitstamp is lower than Bitfinex and HitBTC, which allows for an easy 1.4% profit. There is also an opportunity to flip ETH between Kraken and HitBTC, for a healthy profit of 1.1%. These may not necessarily be the biggest opportunities whatsoever, but one has to take every option that comes one’s way when the markets remain so brittle.

Litecoin (Bitstamp / Bitfinex / Kraken)

A very similar opportunity exists where Litecoin is concerned. Buying LTC on Bitstamp and selling it on Paribu, Bitfinex, or HtiBTC will yield profits of up to 3.3%. Those who prefer buying LTC on Kraken and selling on HitBTC can easily enjoy a 1.1% profit. Not the biggest gaps to exploit, but it is good to see exchanges maintain somewhat stable prices where Litecoin is concerned.

XRP (Bitstamp / Kraken / HitBTC)

Although plenty of traders and speculators have high hopes for XRP, one has to wonder what the future will bring. For the time being, XRP is subject to an arbitrage opportunity which pretty much mimics those of LTC and ETH. It involves buying on either Bitstamp and selling on Bitfinex or HitBTC or buying on Kraken and selling on Hitbtc. With an average profit of 1.1%, this is a good option to explore either way.

Bitcoin (Bitstamp / Kraken / HitBTC)

It would appear as if the arbitrage opportunities involving Bitstamp and HitBTC continue to pile up today. The price on Bitstamp and Kraken is lower for BTC compared to HitBTC, which allows for an easy 1.% profit. Given Bitcoin’s value, a 1% profit is pretty interesting to explore, as it at least amounts to something compared to most altcoins.

Dash (Kraken / HitBTC)

The final arbitrage opportunity for this morning does not involve the use of Bitstamp, for a change. Even so, two familiar exchanges make up for this option, as buying Dash on Kraken and selling on HitBTC will net traders a quick 0.8% profit It is an interesting option, even though it may not be the most lucrative one. Even so, having a bit of money across all exchanges to explore further arbitrage options is never bad outlook.

Information provided by Arbing Tool.

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.

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Ripple Price Analysis: Break Below $0.2900 Could Speed Up XRP Losses

Key Highlights Ripple price seems to be struggling to clear the $0.3100 resistance area against the US dollar. There is a key bearish trend line formed with resistance at $0.3025 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could decline heavily if there is a break below the $0.2900 and $0.2880 supports. Ripple price is under pressure against the US Dollar and Bitcoin. XRP/USD failed to move past $0.3100 and now it could decline further towards $0.2650. Ripple Price Analysis There was a decent base formed near $0.2920 in ripple price against the US Dollar. The XRP/USD pair traded higher and broke the $0.3000 resistance area. However, buyers struggled to clear the $0.3090-0.3100 resistance. As a result, the price declined below $0.3020 and the 100 hourly simple moving average. The price retested the $0.2920 support area, which is currently protecting further losses. An initial resistance is the $0.3000 level and the 23.6% Fib retracement level of the recent decline from the $.3090 high to $0.2924 low. The stated $0.3000 level also coincides with the 100 hourly SMA. Above $0.3000, there is a key bearish trend line formed with resistance at $0.3025 on the hourly chart of the XRP/USD pair. The trend line coincides with the 61.8% Fib retracement level of the recent decline from the $.3090 high to $0.2924 low. Therefore, the price is likely to struggle near $0.3000 and $0.3020 if it corrects higher. Above $0.3020, the next key resistance is at $0.3090-0.3100. Looking at the chart, ripple price remains at a risk of a sharp decline if there is a break below the $0.2900-0.2880 support area. The next main support below $0.2800 is near the $0.2650 level where buyers may emerge. Looking at the technical indicators: Hourly MACD – The MACD for XRP/USD is slightly placed in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently well below the 50 level. Major Support Level – $0.2900 Major Resistance Level – $0.3020 The post Ripple Price Analysis: Break Below $0.2900 Could Speed Up XRP Losses appeared first on NewsBTC.

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