Market Analysis Report

24 April 2019

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 2,808.09 yesterday at 5 pm (GMT) and has since risen 1.07%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $5,552 representing a loss of 0.03% in the last 24 hours. More than $330M worth of BTC were exchanged in the BTC/USD market representing a 13.9% share of the global daily volume. The pair with most volume was the BTC/USDT with a 46.8% share.

The Ethereum price has dropped 5.84% over the past 24 hours and is currently sitting at $165.7, with over $90M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 5.5% market share of the daily trading volume. The largest ETH trading pair was the ETH/USDT with a 46.9% share.

See live charts here and here

Binance's Decentralized Exchange Goes Live

Binance’s long-awaited decentralized exchange (DEX) has gone live, ahead of its planned schedule. Users aren’t yet able to trade, as the feature will be enabled “as soon as the first trading pair is listed.”

The launch was announced yesterday, noting that users are only able to access the exchange’s interface and connect the company’s BEP2 token wallets to it. On Twitter, Binance noted the date trading will begin is yet to be announced. The tweet reads:

"Trading on #Binance DEX will go live as soon as the first trading pair is listed at a later date"

Read more here

Exchanges Huobi and Fisco Investigated by Japan Watchdog

Cryptocurrency exchanges Huobi Japan and Fisco are said to have been investigated by the country’s financial watchdog last week. A Reuters report published yesterday, citing “two sources familiar with the matter” said that the Financial Services Agency (FSA) visited the two exchanges to assess their customer protection and anti-money laundering (AML) provisions.

Japan is one of the few countries to recognize Bitcoin as a legal method of payment. The country passed a law in April 2017 that also brought cryptocurrency exchanges under anti-money laundering (AML)/know-your-customer (KYC) rules and mandated platforms to be licensed.

Read more here

Coinbase Shutters High-Speed Crypto Trading Division

Cryptocurrency exchange Coinbase is shutting down the Chicago office it opened a year ago, eliminating 30 engineering jobs. The San Francisco-based startup’s Chicago division, known as Coinbase Markets, was dedicated to creating sophisticated electronic markets technologies such as matching engines and high-frequency trading for cryptocurrency. A Coinbase spokesperson stated:

“To become the ‘Google of crypto’ we have to be comfortable making big bets. Some of them will be audacious and some of them won’t work out.”

Read more here

Anonymous crypto betting with Decibet!

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The service wants to offer the best betting experience and winning options to all its users. By having a vast cryptocurrency selection, the best odds, and a large list of matches and events, bettors worldwide can bet privately, securely and fast.

So what are you waiting for? Get the $100 US bonus today and start betting with Decibet!

Press Release

State of the Crypto

Bitcoin is down 0.03% at $5,552.600 with a volume of Ƀ60.2k - $335.4M on the USD pairs.

Ether is down 5.65% against Bitcoin at Ƀ0.02988 per Ether and down 5.84% against the dollar to $165.77 with average volume Ƀ115.8k on the ETH/BTC pair.

Litecoin is down 8.98% against the dollar for the day at $72.2 and down 8.76% to Ƀ0.01302 on volumes of Ƀ79.2k.

EOS is down 7.88% to Ƀ0.0008901 on Ƀ50.8k volume.

Bitcoin Cash is down 5.71% to Ƀ0.05184 with volumes of Ƀ35.3k and down 9.03% against the dollar at $278.16.

Ripple is down 7.25% to Ƀ0.00005459 with volumes of Ƀ26.5k and down 7.42% against the dollar at $0.303.

Monero is down 0.79% against the dollar at $69.4 and down 0.56% against Bitcoin at Ƀ0.01252 on volumes of Ƀ17.7k.

Dash is down 3.04% at Ƀ0.02168 with Ƀ10.8k volume and down 3.58% against the dollar at $120.55.

Tron is down 7.27% to Ƀ0.00000421 on Ƀ9.2k volume.

Ether Classic is down 8.58% to Ƀ0.001002 with volumes of Ƀ8.7k and down 9.02% against the dollar at $5.55.

Zcash is down 5.62% for the day to Ƀ0.01192 per ZEC and down 5.98% against the dollar to $66.08 with an average volume of Ƀ8.3k for the 24 hour period.

Neo is down 9.78% for the day to Ƀ0.00179 per NEO and down 10.29% against the dollar to $9.94 with an average volume of Ƀ6.7k for the 24 hour period.

Stellar is down 6.62% to Ƀ0.00001905 on Ƀ5.4k volume.

Cardano is down 9.34% to Ƀ0.00001301 on Ƀ4.6k volume.

Waves is down 3.85% to Ƀ0.0004616 on Ƀ1.3k volume.

Iota is down 8.65% to Ƀ0.00005038 on Ƀ1.2k volume.

NEM is down 6.68% to Ƀ0.00001089 on Ƀ470.034 volume.

Stratis is down 13.68% to Ƀ0.000164 on Ƀ420.884 volume.

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