Market Analysis Report

13 December 2018

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 1,755.87 yesterday at 5 pm (GMT) and has since increased by 4.29%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $3,446 representing a gain of 0.36% in the last 24 hours. More than $260 M worth of BTC were exchanged in the BTC/USD market representing a 19% share of the global daily volume. The BTC/EUR pair represents a 3% share.

 

The Ethereum price has increased by 0.61% over the past 24 hours and is currently sitting at $90, with over $50 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 9% market share of the daily trading volume.

For a detailed market analysis click here

Crypto Exchange Zebpay Launches Euro to Crypto Trading in 21 European Countries

Zebpay announced on Tuesday that it will be launching several euro trading pairs. The former Indian exchange, which is now present in 21 European countries, stated: 

"In addition to enabling our Euro (fiat) to crypto deposits/withdrawals and trading, there are zero-fee Euro deposits and zero maker fees + 0.25% reward per transaction for all our traders. Yes, you pay no fees for trading and also make 0.25% more with each transaction!"

Read more here

IBM Aims to Provide Blockchain Solutions to India’s Telecommunications Operators

Yesterday, the CTO of IBM India/South Asia, Sriram Raghavan, announced that IBM could be launching blockchain solutions based on "Do No Call" registries and mobile number portability for Indian telecommunication companies. The CTO stated that the products may be launched early next year:

“We have completed proof of concepts and pilots with all the major telecom providers and with TRAI [Telecom Regulatory Authority of India] in this space. We anticipate going into the New Year, we’ll start to see blockchain solutions getting rolled out,”

Read more here

CFTC Wants to Know More About Ethereum: Are ETH Futures on the Horizon?

Last Tuesday, the United States Commodity Futures Trading Commission (CFTC) expressed its desire to be better informed about cryptocurrencies other than Bitcoin. As such, the commission issued an official "Request for Input" (RFI) in order to understand the underlying technology of Ethereum:

 "All comments must be received within 60 days of publication in the Federal Register. The RFI also seeks to understand similarities and distinctions between Ether and Bitcoin, as well as Ether-specific opportunities, challenges, and risks."

Read more here

State of the Crypto

Bitcoin is up 0.36% at $3,446.650 with a volume of Ƀ77.5k - $268.2M on the USD pairs.

Ether is up 0.23% against Bitcoin at Ƀ0.02619 per Ether and up 0.61% against the dollar to $90.21 with average volume Ƀ61.4k on the ETH/BTC pair.

Bitcoin Cash is down 1.77% to Ƀ0.03 with volumes of Ƀ5.2k and down 0.23% against the dollar at $96.11.

Ripple is up 0.15% to Ƀ0.00008901 with volumes of Ƀ20.2k and up 0.42% against the dollar at $0.3072.

Zcash is down 2.24% for the day to Ƀ0.01571 per ZEC and down 2.41% against the dollar to $54.67 with an average volume of Ƀ7.3k for the 24 hour period.

Litecoin is down 0.37% against the dollar for the day at $24.18 and down 0.58% to Ƀ0.007027 on volumes of Ƀ16.8k.

Dash is down 0.48% at Ƀ0.0188 with Ƀ5.9k volume and up 0.14% against the dollar at $65.78.

Iota is down 0.2% to Ƀ0.00006598 on Ƀ203.988 volume.

Ether Classic is up 2.62% to Ƀ0.001136 with volumes of Ƀ7.7k and up 2.87% against the dollar at $3.94.

Monero is down 1.87% against the dollar at $43.14 and down 2.12% against Bitcoin at Ƀ0.01247 on volumes of Ƀ1.1k.

Neo is down 1.02% for the day to Ƀ0.001741 per NEO and down 0.98% against the dollar to $6.07 with an average volume of Ƀ3.9k for the 24 hour period.

Waves is up 14.65% to Ƀ0.0005925 on Ƀ4.6k volume.

Stratis is up 0.37% to Ƀ0.0001902 on Ƀ209.216 volume.

Cardano is up 1.14% to Ƀ0.00000889 on Ƀ1.0k volume.

NEM is down 1.24% to Ƀ0.00001992 on Ƀ542.673 volume.

EOS is up 4.82% to Ƀ0.0005746 on Ƀ29.3k volume.

Tron is down 0% to Ƀ0.0000039 on Ƀ11.1k volume.

Stellar is down 0.61% to Ƀ0.00003255 on Ƀ4.4k volume.

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