Market Analysis Report

17 June 2019

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 4,949.17 with a gain of  8.42% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $8,292, representing a gain of 1.6%% in the last 24 hours. The total market capitalization of Bitcoin is over $139 billion, following the establishment of a new all-time high of roughly $8400 earlier this week. More than $630M worth of BTC were exchanged in the BTC/USD market, representing a 21.5% share of daily volume, second to the JPY at 60%.

Earlier this week, Ethereum published the initial version of its Casper protocol update, which was first presented at Devcon3 earlier this month. Currently sitting at $404, the Ethereum price has risen 4.6% in the last 24 hours. Over $420M worth of Ether were exchanged in the past 24 hours on the ETH/USD pair which has a 32.7% market share of the daily trading volume.

Bitcoin Cash rose 3.7% over the last 24-hours, with BCH currently trading at $1,598. More than $290M worth of BCH were exchanged on the BCH/USD pair and the current market cap for Bitcoin Cash is $25B.

See live charts here, here and here

Bitstamp to Launch Bitcoin Cash Trading Pairs in December

Bitstamp has announced that it will launch Bitcoin Cash trading pairs during the first week of December.  The exchange said that Bitcoin Cash will launch with support for three trading pairs: BCH/USD, BCH/EUR, and BCH/BTC. Bitstamp CEO, Nejc Kodrič, stated:

“We have enabled Bitcoin Cash to meet our customer demands. Since we always try to remain neutral we didn’t have any unusual reservations, but we did want to make time to see how the market responded."

Read more here

Nasdaq to Build Blockchain Voting System for Securities Depository Strate

Exchange operator Nasdaq announced that it is developing an electronic shareholder voting system based on blockchain technology. To be delivered to South African central securities depository Strate, the blockchain solution aims to bring greater voting efficiencies and shareholder participation by offering a secure and user-friendly tool for remote participation. Tanya Knowles, Managing Executive of Fractal Solutions (a division of Strate) stated:

"The solution aims to serve our clients' needs across the market from transfer secretaries to issuers, custodians, asset managers and those holding shares in listed companies."

Read more here

Raiffeisen Bank International Enlists in R3 Blockchain Consortium

Raiffeisen Bank International (RBI) has become the first Austrian banking group to join the R3 distributed ledger (DLT) consortium.

The bank, which operates a banking network in central and eastern Europe, confirmed its participation in the enterprise-focused DLT project this week. Michael Hoellerer, the plenipotentiary of RBI, said in a statement:

"The usage of technology platforms such as 'Corda' allows us to gain extensive know-how in the underlying infrastructure of future commercial blockchain applications."

Read more here

Recently Added:

JNT added to Upcoming ICO list

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Press Release

State of the Crypto

Bitcoin is up 0.95% at $8,238.420 with a volume of $79.4k - $645.3M on the USD pairs.

Litecoin is up 3.52% against the dollar for the day at $73.62 and up 2.74% to Ƀ0.008931 on volumes of Ƀ8.4k.

Ether is up 3.08% against Bitcoin at Ƀ0.04886 per Ether and up 4.27% against the dollar to $403.27 with average volume Ƀ50.2k on the ETH/BTC pair.

Dash is down 2.76% at Ƀ0.06661 with Ƀ7.1k volume and down 2.28% against the dollar at $546.6.

Ripple is down 2.68% to Ƀ0.00002829 with volumes of Ƀ8.1k and down 1.81% against the dollar at $0.2333.

Zcash is down 2.55% for the day to Ƀ0.03663 per ZEC and down 1.67% against the dollar to $302.06 with an average volume of Ƀ4.9k for the 24 hour period.

Monero is down 1.09% against the dollar at $156.55 and down 2.37% against Bitcoin at Ƀ0.01897 on volumes of Ƀ4.6k.

Ether Classic is down 1.29% to Ƀ0.002142 with volumes of Ƀ3.8k and down 0.51% against the dollar at $17.69.

Bitcoin Cash is up 3.12% to Ƀ0.1952 with volumes of Ƀ81.9k and up 4.54% against the dollar at $1611.6.

Iota is down 15% to Ƀ0.00009318 on Ƀ 3.1k volume.

Waves is down 3.72% to Ƀ0.0006179 on Ƀ2.5k volume.

Stratis is up 3.99% to Ƀ0.0004825 on Ƀ1.8k volume.

 

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