Market Analysis Report

17 December 2018

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 1,640 yesterday at 5 pm (GMT) and has since increased by 4%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $3,300 representing a gain of 0.9% in the last 24 hours. More than $150M worth of BTC were exchanged in the BTC/USD market representing a 13.5% share of the global daily volume. The BTC/JPY pair represents a 3% share.

The Ethereum price has dropped by 0.2% over the past 24 hours and is currently sitting at $87, with over $57B worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 13.7% market share of the daily trading volume.

See live charts here and here

Facebook is Secretly Working on Blockchain Projects

Yesterday, it was reported that Facebook has formed a small blockchain technology research group which aims to disrupt the world’s traditional payments industry. A spokesperson from the company said: 

"Like many other companies Facebook is exploring ways to leverage the power of blockchain technology. This new small team is exploring many different applications. We don’t have anything further to share."

Read more here

Hong Kong Exchange Hesitant to Approve Bitmain IPO

Today, a credible source stated that the Hong Kong Stock Exchange (HKEX) is reluctant in approving the Initial Public Offering (IPO) applications of Bitmain. The source added:

“The exchange is very hesitant to actually approve these bitcoin mining companies because the industry is so volatile. There’s a real risk that they could just not exist anymore in a year or two, (...) The HKEX doesn’t want to be the first exchange in the world to approve this and have one die on them.”

Read more here.

Romania Bitcoin Exchange CoinFlux Halts Activities after CEO’s Arrest

Yesterday, Romanian Bitcoin exchange CoinFlux has halted all activities after the CEO, Vlad Nistor, was arrested on suspicion of money laundering and other crimes. The exchanged announced on a blog post:

“Another unpleasant consequence of the investigation is the fact that our access to some parts of our platform has been restricted, thus we are unable to send this announcement through the usual communication channels: e-mail and website. Our expectation is that we will gain control back, within the next days.”

Read more here.

State of the Crypto

Bitcoin is up 0.91% at $3,300.140 with a volume of Ƀ46.1k - $151.1M on the USD pairs.

Ether is down 0.23% against Bitcoin at Ƀ0.02638 per Ether and up 0.8% against the dollar to $87.27 with average volume Ƀ55.7k on the ETH/BTC pair.

Bitcoin Cash is up 2.58% to Ƀ0.02509 with volumes of Ƀ9.3k and up 2.18% against the dollar at $80.69.

Ripple is down 0.44% to Ƀ0.00008836 with volumes of Ƀ25.3k and up 0.45% against the dollar at $0.2914.

Zcash is down 1.31% for the day to Ƀ0.01581 per ZEC and down 0.06% against the dollar to $53.04 with an average volume of Ƀ9.7k for the 24 hour period.

Litecoin is up 6.68% against the dollar for the day at $27.46 and up 5.49% to Ƀ0.008322 on volumes of Ƀ26.8k.

Dash is down 1.47% at Ƀ0.01943 with Ƀ5.7k volume and down 0.4% against the dollar at $64.84.

Iota is down 2.01% to Ƀ0.0000681 on Ƀ205.519 volume.

Ether Classic is down 2.28% to Ƀ0.001116 with volumes of Ƀ12.1k and down 1.6% against the dollar at $3.7.

Monero is up 1.46% against the dollar at $41.02 and up 0.65% against Bitcoin at Ƀ0.01231 on volumes of Ƀ1.1k.

Neo is up 2.42% for the day to Ƀ0.001822 per NEO and up 3.72% against the dollar to $6.14 with an average volume of Ƀ2.4k for the 24 hour period.

Waves is up 1.72% to Ƀ0.0007614 on Ƀ7.1k volume.

Stratis is down 3.32% to Ƀ0.0001953 on Ƀ530.826 volume.

Cardano is up 0.56% to Ƀ0.00000901 on Ƀ977.137 volume.

NEM is down 2.36% to Ƀ0.00001821 on Ƀ347.306 volume.

EOS is up 1.88% to Ƀ0.0006004 on Ƀ29.4k volume.

Tron is down 0% to Ƀ0.000004 on Ƀ2.3k volume.

Stellar is down 0.74% to Ƀ0.00002965 on Ƀ2.7k volume.

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