Market Analysis Report

17 June 2019

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 6,063.99 with a loss of 4.88% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $7,444 representing a loss of 2.01% in the last 24 hours. More than $400 M worth of BTC were exchanged in the BTC/USD market representing a 16.6% share of the global daily volume. The BTC/JPY pair represents a 56.6% share.

The Ethereum price has dropped 1.31% over the past 24 hours and is currently sitting at $586, with over $200 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 25.2% market share of the daily trading volume.

For a detailed market analysis click here

Cryptocurrency Exchange Coinbase is Officially Launching in Japan

Yesterday, cryptocurrency exchange Coinbase confirmed the expansion of its services into Japan, one of the biggest cryptocurrencies markets. The company will launch a new office in Japan and ensured it will be working closely with the Financial Services Agency (FSA), the country's financial regulator, to comply with local laws. On the official announcement, the company stated:

"As in other markets, we plan to take a deliberate approach to our rollout in Japan, which means working hand-in-hand with the Japanese FSA to ensure compliance with local laws at every stage."

Read more here

Twitch Streaming App Streamlabs Adds Support for Cryptocurrency Tipping

Last Friday, Twitch announced it will accept cryptocurrencies as a tipping method to the streamers who use the Streamlabs app, a Twitch streaming app. According to the company, this functionality is already integrated and streamers can now accept cryptocurrencies tips, in Bitcoin, Ethereum, Litecoin and Bitcoin Cash immediately. Furthermore, the app will use Coinbase as its payment processor, meaning that streamers will need to connect the service to their Coinbase accounts. Since its connected, the option to tip using cryptocurrencies will be automatically displayed. On an official Twitter post, Streamlabs stated:

"That #FridayFeeling when all Streamlabs streamers can now use crypto tipping."

Read more here

ICO Promoter John McAfee Says He’s Running for President

Last Sunday, cybersecurity pioneer and ICO promoter John McAfee announced on his Twitter he has decided to run for president of the United States in 2020. McAfee mentioned that running for President will better serve the crypto community by providing the ultimate campaign platform. On the Twitter post he stated:

"In spite of past refusals, I have decided to again run for POTUS in 2020. If asked again by the Libertarian party, I will run with them. If not, I will create my own party. I believe this will best serve the crypto community by providing the ultimate campaign platform for us."

Read more here

Final speakers confirmed for CryptoCompare & MJAC London Blockchain Summit on 13 June 2018

The unique line-up will bring together top speakers from major forces in the industry. Among the confirmed speakers:

  • Chris Burniske, Co-founder of Placeholder Ventures will talk about “Relative and Fundamental Valuation Approaches to Cryptoassets”
  • Zeeshan Feroz, CEO (UK) of Coinbase will be presenting on “Cryptocurrencies: Creating an Open Financial System”;
  • Claire Wells – Legal & Business Affairs Director for Europe at Circle will talk about regulation and what a future based on blockchain might look;
  • Joshua Riddett, Founder & Managing Director of Easy Crypto Hunter will be examining crypto mining;
  • Danny Aranda, Managing Director of Strategic Growth at Ripple, will be discussing “Blockchain and the Internet of Value”.

Exclusive offer: Get 40% off with the CRYPTOCOMPARE promo code.

Check the entire line-up and book your ticket now »

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Press Release

State of the Crypto

Bitcoin is down 2.01% at $7,444.040 with a volume of Ƀ53.3k - $401.9M on the USD pairs.

Ether is down 1.31% against Bitcoin at Ƀ0.07892 per Ether and down 3.41% against the dollar to $586.85 with average volume Ƀ41.8k on the ETH/BTC pair.

Bitcoin Cash is down 4.19% to Ƀ0.144 with volumes of Ƀ25.3k and down 6.3% against the dollar at $1070.24.

Ripple is up 0.49% to Ƀ0.00008777 with volumes of Ƀ9.7k and down 1.38% against the dollar at $0.6527.

Zcash is down 4.67% for the day to Ƀ0.03104 per ZEC and down 6.68% against the dollar to $231.21 with an average volume of Ƀ3.6k for the 24 hour period.

Litecoin is down 3.89% against the dollar for the day at $117.45 and down 1.99% to Ƀ0.01578 on volumes of Ƀ12.0k.

Dash is down 1.23% at Ƀ0.0419 with Ƀ5.3k volume and down 2.82% against the dollar at $312.72.

Iota is up 0.26% to Ƀ0.0002271 on Ƀ3.6k volume.

Ether Classic is down 1.37% to Ƀ0.002016 with volumes of Ƀ4.9k and down 3.29% against the dollar at $14.99.

Monero is down 3.27% against the dollar at $158.35 and down 1.3% against Bitcoin at Ƀ0.02126 on volumes of Ƀ3.6k.

Neo is down 1.24% for the day to Ƀ0.007064 per NEO and down 3.04% against the dollar to $52.57 with an average volume of Ƀ3.0k for the 24 hour period.

Waves is down 1.94% to Ƀ0.000545 on Ƀ2.6k volume.

Stratis is down 3.06% to Ƀ0.0005764 on Ƀ706.928 volume.

Cardano is down 2.43% to Ƀ0.0000277 on Ƀ4.4k volume.

NEM is down 1.73% to Ƀ0.00003243 on Ƀ664.323 volume.

EOS is down 4.12% to Ƀ0.001768 on Ƀ33.1k volume.

Tron is down 1.28% to Ƀ0.00000774 on Ƀ10.0k volume.

Stellar is down 2.68% to Ƀ0.00003818 on Ƀ3.4k volume.

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