Market Analysis Report

17 June 2019

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 5,763.28 with a loss of 6.67% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $6,667, representing a loss of 7.68% in the last 24 hours. More than $750 M worth of BTC were exchanged in the BTC/USD market representing a 19.9% share of the global daily volume. The BTC/JPY pair represents a 57.7% share.

The Ethereum price has dropped 7.38% over the past 24 hours and is currently sitting at $520, with over $300 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 31.9% market share of the daily trading volume.

See live charts here and here

South Korean Exchange Coinrail Gets Hacked

South Korean Exchange Coinrail has recently revealed a "cyber intrusion" on its platform and is now reviewing its system. However, what happened to the exchange remains unclear. According to the company's statement, a few cryptocurrencies were affected, including Pundi X, NPER, and Aston. The remaining reserves, said to be 70% of total funds, are reportedly safe in cold storage as stated by the company:

"Two-thirds of the coins confirmed to have been leaked are covered by freezing / recalling through consultation with each coach and related exchanges. The remaining one-third of coins are being investigated with investigators, relevant exchanges and coin developers”

Read more here

CFTC Suspects Bitcoin Futures Price Manipulation

According to anonymous sources cited by The Wall Street Journal, the United States Commodity Futures Trading Commission (CFTC) is coordinating with the U.S. Justice Department in conducting investigations into price manipulation in the Bitcoin futures. The criminal probe was launched after several cryptocurrency exchanges rejected a request from the Chicago Mercantile Exchange, the financial company that sells futures contracts based on Bitcoin, to share trading data. The exchanges are Bitstamp, Coinbase, Itbit, and Kraken. 

Read more here

EOS Mainnet Goes Live After Launch Group Gives Green Light

Last Saturday, the EOS Mainnet Launch Group (EMLG) members unanimously decided to go ahead with the launch of the EOS blockchain. According to an official report, the process began on the 9th of June and is scheduled to be completed tomorrow. The next steps are as follows: meshing with the seed nodes, determine how the validation process on the EOS network will be performed and voting to designate the first 21 block producers, in which 150 million tokens have to be spent. Once all the aforementioned steps are completed, the chain will be officially designated as the EOS mainnet.

Read more here

Final few tickets for CryptoCompare & MJAC London Blockchain Summit

As the event is getting closer, we're selling the final few tickets, with a further 40% discount if you use the code "CRYPTOCOMPARE". Here’s a reminder of what to expect on the day:

  • You certainly won’t want to miss the presentations and panels on the Main Stage where industry leaders will talk about the blockchain technology and how it is changing the world.
  • The ICO & Blockchain Stage is something you won’t want to neglect either. It will showcase top ICOs and the most interesting project will be awarded the Best ICO Pitch Award.
  • Networking and more networking. The event is a prime opportunity to meet exhibitors and like-minded individuals. Your ticket also includes an exclusive after show party for more networking opportunities.

Book your ticket now »

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Press Release

State of the Crypto

Bitcoin is down 7.68% at $6,667.500 with a volume of Ƀ115.5k - $792.5M on the USD pairs.

Ether is up 0.33% against Bitcoin at Ƀ0.07823 per Ether and down 7.38% against the dollar to $520.76 with average volume Ƀ45.4k on the ETH/BTC pair.

Bitcoin Cash is down 2.27% to Ƀ0.138 with volumes of Ƀ23.8k and down 9.54% against the dollar at $921.47.

Ripple is down 0.87% to Ƀ0.00008473 with volumes of Ƀ10.9k and down 8.5% against the dollar at $0.5642.

Zcash is down 2.93% for the day to Ƀ0.02915 per ZEC and down 10.45% against the dollar to $194.37 with an average volume of Ƀ4.4k for the 24 hour period.

Litecoin is down 7.07% against the dollar for the day at $104.92 and up 0.7% to Ƀ0.01573 on volumes of Ƀ15.7k.

Dash is up 2.67% at Ƀ0.04033 with Ƀ4.6k volume and down 4.84% against the dollar at $269.56.

Iota is down 3.41% to Ƀ0.000201 on Ƀ4.0k volume.

Ether Classic is down 4.84% to Ƀ0.001888 with volumes of Ƀ7.1k and down 12.14% against the dollar at $12.59.

Monero is down 7.08% against the dollar at $134.33 and up 0.5% against Bitcoin at Ƀ0.02014 on volumes of Ƀ3.6k.

Neo is down 3.3% for the day to Ƀ0.0065 per NEO and down 11.05% against the dollar to $43.21 with an average volume of Ƀ3.8k for the 24 hour period.

Waves is up 1.3% to Ƀ0.0005591 on Ƀ2.2k volume.

Stratis is down 3.01% to Ƀ0.0005132 on Ƀ742.626 volume.

Cardano is down 2.25% to Ƀ0.00002518 on Ƀ4.5k volume.

NEM is down 0.59% to Ƀ0.00003202 on Ƀ1.4k volume.

EOS is down 9.41% to Ƀ0.001637 on Ƀ41.1k volume.

Tron is down 6.42% to Ƀ0.00000685 on Ƀ14.7k volume.

Stellar is up 0.64% to Ƀ0.00003645 on Ƀ3.3k volume.
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