Market Analysis Report

17 June 2019

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 2,120.38 yesterday at 5 pm (GMT) and has since dropped 0.93%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $3,862 representing a gain of 2.74% in the last 24 hours. More than $175 M worth of BTC were exchanged in the BTC/USD market representing a 16.32% share of the global daily volume. The BTC/JPY pair represents a 10.21% share.

The Ethereum price has increased 8.8% over the past 24 hours and is currently sitting at $148, with over $110 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has an 11.7% market share of the daily trading volume.

For a detailed market analysis click here

Nvidia Facing Lawsuit for ‘False Statements’ on Crypto Mining Revenue

A class action lawsuit has been filed against tech giant Nvidia by the Schall Law Firm. The plaintiffs are accusing the company of producing misleading statements about how it can help mitigate the effects of the reduced demand of GPUs for the cryptocurrency market. The lawsuit document claims:

“Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about NVIDIA, investors suffered damages.”

Read more here

Japan’s DMM Exiting Crypto Mining Business

Japanese e-commerce giant DMM.com is reportedly exiting the cryptocurrency mining business due to “deteriorating profitability”. Keishi Kameyama, the founder of DMM, stated that going forward the company will focus on the exchange business and blockchains. The company further stated:

“The withdrawal process such as the sale of the machines will go over to the first half of 2019.”

Read more here

Fortnite Store Accepts Crypto – But Only Monero

Gamers can now purchase merchandise for the blockbuster online video game Fortnite using the cryptocurrency Monero (XMR). Bitcoin payments have not been accepted, however, reportedly due to privacy concerns. While Fortnite did not make an official announcement, Monero developer Riccardo Spagni excitedly shared the news on Twitter:

“Too cool: The Fortnite merch store lets you pay in Monero, so now you can purchase that sweet Durrr Burger onesie without friends/family/coworkers judging you,

Read more here

State of the Crypto

Bitcoin is up 2.74% at $3,862.250 with a volume of Ƀ46.4k - $177.1M on the USD pairs.

Ether is up 6.23% against Bitcoin at Ƀ0.03839 per Ether and up 8.88% against the dollar to $148.92 with average volume Ƀ67.4k on the ETH/BTC pair.

Bitcoin Cash is down 1.2% to Ƀ0.04265 with volumes of Ƀ5.9k and up 2.25% against the dollar at $163.78.

Ripple is down 0.3% to Ƀ0.00009461 with volumes of Ƀ25.5k and up 2.34% against the dollar at $0.3677.

Zcash is up 2.87% for the day to Ƀ0.01543 per ZEC and up 5.67% against the dollar to $60.71 with an average volume of Ƀ8.7k for the 24 hour period.

Litecoin is up 6.03% against the dollar for the day at $32.55 and up 3.21% to Ƀ0.008435 on volumes of Ƀ19.3k.

Dash is up 0.43% at Ƀ0.02113 with Ƀ5.8k volume and up 2.81% against the dollar at $82.25.

Iota is up 2.46% to Ƀ0.00009594 on Ƀ348.556 volume.

Ether Classic is up 0.73% to Ƀ0.001376 with volumes of Ƀ6.6k and up 3.29% against the dollar at $5.33.

Monero is up 5.42% against the dollar at $49.61 and up 2.6% against Bitcoin at Ƀ0.01265 on volumes of Ƀ1.5k.

Neo is up 2.6% for the day to Ƀ0.002055 per NEO and up 5.45% against the dollar to $8.13 with an average volume of Ƀ4.1k for the 24 hour period.

Waves is down 4.13% to Ƀ0.0008076 on Ƀ3.4k volume.

Stratis is down 0.29% to Ƀ0.0003069 on Ƀ918.226 volume.

Cardano is up 0.91% to Ƀ0.0000111 on Ƀ921.092 volume.

NEM is down 1.86% to Ƀ0.00001684 on Ƀ262.817 volume.

EOS is up 1.23% to Ƀ0.0006988 on Ƀ34.4k volume.

Tron is down 0.39% to Ƀ0.00000509 on Ƀ3.8k volume.

Stellar is down 0.86% to Ƀ0.00002981 on Ƀ2.4k volume.
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