Market Analysis Report

17 June 2019

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 1,810.09 yesterday at 5 pm (GMT) and has since increased by 0.26%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $3,394 representing a loss of 0.07% in the last 24 hours. More than $100M worth of BTC were exchanged in the BTC/USD market representing a 12% share of the global daily volume. The BTC/JPY pair represents a 10% share.

The Ethereum price has increased 2.02% over the past 24 hours and is currently sitting at $105, with over $40M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 9% market share of the daily trading volume.

See live charts here and here

Huobi US to Launch Fiat-to-Crypto Trading Pairs

The cryptocurrency exchange Huobi is reportedly launching fiat-to-crypto trading pairs. According to Finance Magnates, Huobi is set to pair the United States dollar against bitcoin (BTC), ether (ETC), and Tether’s USDT in an initial stage. Deposit and withdrawals in USD are now allowed thanks to a partnership with the US-based financial institution Prime Trust, which specializes in custodian and escrow services for fiat transactions. Users who are to use Huobi’s crypto-to-fiat pairs will reportedly be required to open a custodial account with the firm and go through know-your-customer (KYC) checks.

Read more here

Abra’s Blockchain App to Let Users Invest in Fractions of Stocks, ETFs

Yesterday, the U.S.-based crypto startup Abra announced it is adding a new feature to its blockchain-based app that will allow global users to buy portions of traditional investment instruments. According to Abra, the app will utilize the bitcoin blockchain and smart contracts technologies to support fractional investments in stocks and exchange-traded funds (ETFs). In an initial stage, the startup said it will offer 50 new investment assets, including stocks from major firms like Facebook, Apple, Amazon, Google, Netflix; commodities like SPDR Gold Trust; ETFs like Vanguard Growth and the S&P 500; and indexes like the Russell 2000. The company’s CEO, Bill Barhydt, said:

"We are building bitcoin-backed investing products because, for the first time, we can truly democratize access to investment opportunities at global scale. It shouldn’t matter where you live or how much you earn to be able to make investments and participate in capital markets.”

Read more here

Opera Adds Crypto Buying Service to Android Wallet

Yesterday, Opera announced that Android users can buy ethereum (ETH) cryptocurrency directly from its browser-based wallet. To be able to provide this new service, Opera said it has partnered with the regulated crypto brokerage Safello, which will provide cash-to-crypto exchange. The feature allows payments with credit and debit cards, along with “trusted” payment networks including Swish in Sweden. Charles Hamel, Opera’s crypto product lead, said:

"We think that the next important phase for crypto will come from usage and that for it to reach wider adoption, it has to be easy to buy and easy to use.”

Read more here

Recently Added:

Miodio added to Coin List

Press Release

State of the Crypto

Bitcoin is down 0.07% at $3,394.650 with a volume of Ƀ29.9k - $101.3M on the USD pairs.

Ether is up 1.92% against Bitcoin at Ƀ0.03083 per Ether and up 2.02% against the dollar to $105.02 with average volume Ƀ59.2k on the ETH/BTC pair.

Litecoin is up 1.59% against the dollar for the day at $33.14 and up 1.37% to Ƀ0.009734 on volumes of Ƀ29.3k.

Ripple is down 0.26% to Ƀ0.00008526 with volumes of Ƀ25.3k and down 0.17% against the dollar at $0.2898.

EOS is up 1.56% to Ƀ0.0006907 on Ƀ24.9k volume.

Bitcoin Cash is up 2.77% to Ƀ0.03409 with volumes of Ƀ8.3k and up 2.77% against the dollar at $115.85.

Dash is down 0.05% at Ƀ0.01942 with Ƀ6.1k volume and up 0.43% against the dollar at $67.07.

Zcash is up 1.85% for the day to Ƀ0.01377 per ZEC and up 1.91% against the dollar to $47.05 with an average volume of Ƀ5.9k for the 24 hour period.

Tron is down 0.39% to Ƀ0.00000757 on Ƀ5.1k volume.

Ether Classic is up 0.64% to Ƀ0.001094 with volumes of Ƀ3.9k and up 0.53% against the dollar at $3.76.

Stellar is up 3.23% to Ƀ0.00002234 on Ƀ3.0k volume.

Waves is down 0.11% to Ƀ0.0007468 on Ƀ2.6k volume.

Neo is up 0.8% for the day to Ƀ0.002022 per NEO and up 1.31% against the dollar to $6.95 with an average volume of Ƀ2.4k for the 24 hour period.

Monero is up 0.28% against the dollar at $43.5 and up 0.56% against Bitcoin at Ƀ0.01264 on volumes of Ƀ1.3k.

Cardano is up 0.94% to Ƀ0.00001078 on Ƀ1.1k volume.

NEM is up 10.21% to Ƀ0.00001112 on Ƀ769.801 volume.

Iota is up 1.4% to Ƀ0.00007178 on Ƀ378.364 volume.

Stratis is up 1.57% to Ƀ0.00022 on Ƀ226.851 volume.
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