Market Analysis Report

17 June 2019

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 5,928.88 with a loss of 11.49% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $7,424 representing a loss of 5.53% in the last 24 hours. More than $900 M worth of BTC were exchanged in the BTC/USD market representing a 22.7% share of the global daily volume. The BTC/JPY pair represents a 54.9% share.

The Ethereum price has dropped 6.86% over the past 24 hours and is currently sitting at $573, with over $500 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 38% market share of the daily trading volume.

See live charts here and here

Coinbase Is Rebranding Its Crypto Exchange Service

Yesterday, cryptocurrency exchange Coinbase announced it's launching a new version of its GDAX platform, a regulated U.S. based exchange, called as Coinbase Pro. Furthermore, the company acquired the Paradex, an exchange for ERC-20 tokens aiming to provide new features to its customers such as a new chart system and a consolidated portfolio view. The company stated:

"Our vision is to give customers the ability to participate in services like staking and protocol voting that are distinct to crypto. As the decentralized ecosystem advances, we expect there will be many more opportunities for customers to interact with digital assets in new and unique ways."

Read more here

American Express Upgrades Rewards Program with Blockchain

Yesterday, American Express publicly announced a partnership with the digital retailer Boxed, aiming to integrate blockchain into its rewards program. The company will leverage the Hyperledger to let merchants create custom Membership Rewards programs for American Express cardholders. Marc Gordon, AmEx's Chief Information Officer, said:

"We're excited to join Hyperledger, as we're looking to take full advantage of blockchain to deliver new and innovative products for our customers and partners, while transforming existing business processes and applications."

Read more here

Ubanx will bring crypto to the high street with brick-and-mortar stores

Cryptocurrency startup Ubanx is planning to open its first brick-and-mortar store in order to provide people awareness regarding the cryptocurrencies and its blockchain products, comparing the idea to the Apple Store on high streets. On an official announcement on their website the company stated:

"Ubanx will be the easiest way for everyone to access cryptocurrency and blockchain financial services, providing a digital platform and physical spaces to meet, learn and connect."

Read more here

LATOKEN - Blockchain Economic Forum

LATOKEN, a crypto exchange and tokenization platform, is delighted to invite you to the 3rd Blockchain Economic Forum which will be held in San Francisco on June, 16-20. BEF is a 4-day forum focused on investments and the roadmap for transforming the global economy with blockchain.

BEF gathers 2,000+ participants, including top investors, government officials (Ministry of Finance, SEC, CFTC, FRS), influencers, media and blockchain economy leaders. Most of them are invited personally to ensure superior quality of discussions during 40+ panels and roundtables and everyday networking events.

You will have a chance to build relationships with funds with over $15bn under management (Menlo Ventures, DFJ Fund, Floodgate, DHVC), bloggers with a 1M+ users coverage (BoxMining, Mike Vestil, Supaman), and dozens of promising projects.

Please reserve a ticket or apply as a sponsor by May 28.

Get a limited 30% ticket discount for CryptoCompare subscribers with a promo code CRYPTOCOMPARE.

Press Release

State of the Crypto

Bitcoin is down 5.53% at $7,424.640 with a volume of Ƀ124.1k - $949.3M on the USD pairs.

Ether is down 1.64% against Bitcoin at Ƀ0.07732 per Ether and down 6.86% against the dollar to $573.73 with average volume Ƀ47.5k on the ETH/BTC pair.

Bitcoin Cash is down 0.97% to Ƀ0.1323 with volumes of Ƀ24.8k and down 6.29% against the dollar at $983.22.

Ripple is up 2.78% to Ƀ0.0000796 with volumes of Ƀ10.0k and down 2.78% against the dollar at $0.5907.

Zcash is down 4.65% for the day to Ƀ0.03728 per ZEC and down 9.85% against the dollar to $277.39 with an average volume of Ƀ5.2k for the 24 hour period.

Litecoin is down 6.15% against the dollar for the day at $117.06 and down 1.26% to Ƀ0.01571 on volumes of Ƀ14.2k.

Dash is up 2.04% at Ƀ0.04492 with Ƀ5.4k volume and down 3.31% against the dollar at $334.62.

Iota is down 0.47% to Ƀ0.0001925 on Ƀ2.6k volume.

Ether Classic is up 0.76% to Ƀ0.001991 with volumes of Ƀ6.7k and down 4.84% against the dollar at $14.73.

Monero is down 5.85% against the dollar at $163.89 and down 0% against Bitcoin at Ƀ0.02209 on volumes of Ƀ4.2k.

Neo is down 0.97% for the day to Ƀ0.006929 per NEO and down 6.11% against the dollar to $51.45 with an average volume of Ƀ4.1k for the 24 hour period.

Waves is down 3.1% to Ƀ0.0006038 on Ƀ2.2k volume.

Stratis is up 1.63% to Ƀ0.0007302 on Ƀ2.6k volume.

Cardano is down 0% to Ƀ0.00002631 on Ƀ4.0k volume.

NEM is up 0.44% to Ƀ0.00003448 on Ƀ920.298 volume.

EOS is down 1.31% to Ƀ0.001429 on Ƀ26.6k volume.

Tron is up 2.56% to Ƀ0.00000922 on Ƀ23.3k volume.

Stellar is up 4.07% to Ƀ0.00003706 on Ƀ2.2k volume.

 
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