Market Analysis Report

18 June 2018

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 5,053.54 with a loss of 0.32% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $6,444 representing a loss of 1.22% in the last 24 hours. More than $250 M worth of BTC were exchanged in the BTC/USD market representing an 11.9% share of the global daily volume. The BTC/JPY pair represents a 66.4% share.

The Ethereum price has dropped 1.63% over the past 24 hours and is currently sitting at $494, with over $50 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 17.7% market share of the daily trading volume.

See live charts here and here

Etoro Is Launching an OTC Crypto Trading Desk for Institutions

Social investing platform Etoro is now expanding into the institutional segment with a new cryptocurrency offering. According to the news outlet Business Insider, Etoro is setting up an over-the-counter (OTC) trading desk in London for institutions wishing to trade cryptocurrencies and also revealed the launch of its own cryptocurrency exchange. Etoro's CEO, Yoni Assia, stated:

"We are launching an OTC desk for institutions. We’ve seen more and more interest from corporates and institutions. We’ve actually set up our corporate team here in the UK to start setting up accounts to trade on eToro. We’ve announced that we’re launching the exchange as well so, between the exchange and the OTC desk, we’re also starting to serve more potential institutions and financial institutions.”

Read more here

Russia's Largest Banks Are Piloting Bitcoin and Crypto Portfolios

Last Friday, Sberbank and Alfa Bank announced that they are piloting cryptocurrency portfolios for their private clients, according to the Kommersant newspaper. The two of Russia's largest banks will offer their clients shares in a special fund that will be trading the six most popular cryptocurrencies on major exchanges, including Kraken and Bitstamp. Sberbank's Deputy Chair, Ana Ivanchuk, said:

"We'd like to offer our clients an absolutely transparent way to invest in digital assets with a full compliance with regulations that will let them invest in the product they are interested in Russia."

Read more here

Chip Maker Nvidia Adds Blockchain-AI Startup to Incubator

Nvidia announced the acceptance of Ubex, a cryptocurrency startup, into its Inception Program to develop a smart online marketing platform that uses blockchain and artificial intelligence. According to the Nvidia Program Head, Arjun Dutt, the main factor to take this decision was the deep learning and neural networks used by Ubex, as stated:

"The main area of interest is their use of deep learning [and] neural networks for better online advertising algorithms."

Read more here

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Press Release

State of the Crypto

Bitcoin is down 1.22% at $6,444.280 with a volume of Ƀ39.7k - $258.2M on the USD pairs.

Ether is down 0.6% against Bitcoin at Ƀ0.07669 per Ether and down 1.63% against the dollar to $494.05 with average volume Ƀ35.6k on the ETH/BTC pair.

Bitcoin Cash is down 0.99% to Ƀ0.1298 with volumes of Ƀ18.1k and down 2.05% against the dollar at $834.81.

Ripple is down 1.97% to Ƀ0.00008027 with volumes of Ƀ6.9k and down 3.2% against the dollar at $0.5167.

Zcash is down 1.61% for the day to Ƀ0.02865 per ZEC and down 2.96% against the dollar to $185.07 with an average volume of Ƀ4.0k for the 24 hour period.

Litecoin is down 2.66% against the dollar for the day at $94.19 and down 1.41% to Ƀ0.01464 on volumes of Ƀ12.6k.

Dash is down 3.56% at Ƀ0.0395 with Ƀ10.3k volume and down 4.56% against the dollar at $254.73.

Iota is down 2.03% to Ƀ0.0001784 on Ƀ2.5k volume.

Ether Classic is down 1.27% to Ƀ0.002184 with volumes of Ƀ10.4k and down 2.29% against the dollar at $14.07.

Monero is down 2.93% against the dollar at $121.78 and down 1.3% against Bitcoin at Ƀ0.01896 on volumes of Ƀ3.0k.

Neo is down 0.79% for the day to Ƀ0.005764 per NEO and down 1.93% against the dollar to $37.05 with an average volume of Ƀ3.3k for the 24 hour period.

Waves is up 1.26% to Ƀ0.0005321 on Ƀ2.5k volume.

Stratis is down 0.75% to Ƀ0.0004656 on Ƀ571.993 volume.

Cardano is down 1.61% to Ƀ0.0000244 on Ƀ1.9k volume.

NEM is down 0.7% to Ƀ0.00002996 on Ƀ526.431 volume.

EOS is down 3.25% to Ƀ0.001579 on Ƀ13.1k volume.

Tron is down 1.22% to Ƀ0.00000649 on Ƀ5.5k volume.

Stellar is down 1.75% to Ƀ0.00003489 on Ƀ2.1k volume.

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