Market Analysis Report

10 June 2024

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 5,933.72 with a gain of 4.47% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $7,593 representing a gain of 0.32% in the last 24 hours. More than $400 M worth of BTC were exchanged in the BTC/USD market representing a 16.2% share of the global daily volume. The BTC/JPY pair represents a 52.8% share.

The Ethereum price has risen 1.99% over the past 24 hours and is currently sitting at $583, with over $200 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 28.4% market share of the daily trading volume.

For a detailed market analysis click here

Bittrex Lists USD Trading Pairs after Landing Banking Partner

Yesterday, cryptocurrency exchange Bittrex announced it will offer USD trading pairs to its customers after partnering with a New York-based bank. According to a Bloomberg report, the company has signed a banking agreement with Signature Bank, which will allow the company to accept USD deposits, and also listing cryptocurrencies for trading directly against the dollar. Bittrex CEO Bill Shihara said:

"It’s not just about banks being able to trust Bittrex. It’s about banks being able to trust crypto in general. And I think it’s really showing that crypto is turning the corner in terms of mainstream acceptance.”

Read more here

Huobi Is Launching a Cryptocurrency Exchange-Traded Fund

Cryptocurrency exchange Huobi revealed it's launching a cryptocurrency exchange-traded fund to allow retail investors to gain exposure to a set of assets instead of just one at a time. In accordance with the company, the new investment instrument called HB10 is now open for subscriptions and will include Bitcoin, Ethereum, Eos, and Huobi Token (HT), among other cryptocurrencies. On an official Twitter post, the company stated:

"Just launched and have more than ten million subscription in just 30 mins! Check out HB10 - Exchange for 10 mainstream digital assets by one click to achieve a professional and prudent allocation."

Read more here

Mastercard Wins Patent for Blockchain-based Coupon Authentication System

Mastercard has won a patent for a system that uses blockchain technology to authenticate coupons. The patent published by the US Patent & Trademark Office (USPTO) last week, outlines a system for merchants to prevent coupon fraud and more effectively issue targeted discounts to specific customers by assuring that the discounts could not be counterfeited or redeemed by unauthorized users.

Read more here

Meet the best 20 ICOs of the world. 45% of discount for the ICO RACE.

Join the ICO Race event in Lugano, Switzerland on June 7th. Use this code to buy tickets at a discount price (49 CHF instead of 89): CRYPTOCOMPARE

20 new selected ICOs will pitch to win 1 million dollars and the chance to be listed on one of the three biggest crypto exchanges in the world.

The jury is composed by:

  • Lars Schlichting, partner of Kellerhals-Carrard
  • Thomas Bertani, CEO of Eidoo and founder of Oraclize
  • Paolo Ardoino, CTO at Bitfinex
  • Federico Tosato, founder of Adm Ventures and Yeldo
  • Anna Palmina, managing director of Palmina Ivest
  • Marc P. Bernegger, member Advisory Board of Cryptofinance Group
  • Mike Costache, CEO of d10e & Advisory Board of TaaS

There are many advantages for the attendees of the event:

  • Meet crypto experts including Bitfinex that never participates in events
  • Networking with 20 important ICOs that will change the blockchain future
  • Discover a new mobile app that will solve the problem of ICO advertising ban from the big tech companies (like Facebook and Google)
  • Listen to crypto evangelist speeches and understand how to launch your ICO
  • Eat the world-famous Swiss chocolate and visit the beautiful lake of Lugano

Buy your ticket here at a discount price
49 CHF instead of 89 CHF

Promo Code: CRYPTOCOMPARE

Buy your ticket here at 49 CHF

Join intimate.io to participate and change payment protocols in the adult industry!

intimate.io presents an opportunity to participate and change payment protocols in the adult industry and bring a never seen before level of trust and security into the sector. The adult industry has always driven technology adoption. In the final week of their public sale, intimate.io are on track to drastically expand their ecosystem as consumers and suppliers adopt the ITM token to explore, indulge and deliver services on a global scale.

Read more here

FREE VIDEO: Discover 3 Ways of Picking Winning ICOs

With over 1700 cryptocurrencies it’s getting harder to find ICOs that can perform. But there’s a way. After studying some of the biggest winners... and the many losers… There are 3 things (out of many) that we’ve identified as being the MOST critical in the success of ICOs that have performed well post-launch.

In this FREE video, you’ll discover the 3 Ways of picking a winning ICO and we will share with you some practical examples so you can see how you can apply them.

The great thing is that they’re quite simple.

The 3 reasons ICO perform well following launch… are same 3 reasons they usually fail.

You can access this free video here learn all about the 3 things that make ICOs win or lose. We hope you find the content valuable and helpful!

Thomas
CEO and Co-Founder of Integrity.One

Watch video here

Press Release

State of the Crypto

Bitcoin is up 0.32% at $7,593.910 with a volume of Ƀ57.2k - $432.0M on the USD pairs.

Ether is up 1.65% against Bitcoin at Ƀ0.07706 per Ether and up 1.99% against the dollar to $583.81 with average volume Ƀ36.3k on the ETH/BTC pair.

Bitcoin Cash is down 1.63% to Ƀ0.1328 with volumes of Ƀ26.4k and down 1.38% against the dollar at $1006.44.

Ripple is up 0.62% to Ƀ0.00008139 with volumes of Ƀ7.8k and up 0.7% against the dollar at $0.6167.

Zcash is down 1.37% for the day to Ƀ0.03162 per ZEC and down 1.14% against the dollar to $240.3 with an average volume of Ƀ2.6k for the 24 hour period.

Litecoin is down 0.68% against the dollar for the day at $119.35 and down 0.76% to Ƀ0.01577 on volumes of Ƀ12.0k.

Dash is down 0.92% at Ƀ0.0408 with Ƀ4.6k volume and down 0.74% against the dollar at $309.35.

Iota is up 8.41% to Ƀ0.0002436 on Ƀ5.0k volume.

Ether Classic is down 0.59% to Ƀ0.002023 with volumes of Ƀ4.9k and down 0.65% against the dollar at $15.31.

Monero is down 1.27% against the dollar at $155.86 and down 1.68% against Bitcoin at Ƀ0.02054 on volumes of Ƀ3.2k.

Neo is up 1.95% for the day to Ƀ0.007179 per NEO and up 2.05% against the dollar to $54.37 with an average volume of Ƀ2.2k for the 24 hour period.

Waves is up 0.35% to Ƀ0.0005496 on Ƀ3.0k volume.

Stratis is down 1.21% to Ƀ0.0005878 on Ƀ507.09 volume.

Cardano is up 4.41% to Ƀ0.00002962 on Ƀ6.7k volume.

NEM is up 5.26% to Ƀ0.00003405 on Ƀ915.045 volume.

EOS is down 0.74% to Ƀ0.001619 on Ƀ31.1k volume.

Tron is down 1.99% to Ƀ0.00000787 on Ƀ12.3k volume.

Stellar is up 2.7% to Ƀ0.00003882 on Ƀ5.4k volume.

Trending forum posts