Market Analysis Report

11 January 2019

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 2,031 yesterday at 5 pm (GMT) and has since dropped 12.2%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $3,682 representing a loss of 3.7% in the last 24 hours. More than $310M worth of BTC were exchanged in the BTC/USD market representing a 19.2% share of the global daily volume. The BTC/JPY pair represents a 9% share.

The Ethereum price has dropped 5% over the past 24 hours and is currently sitting at $128, with over $150M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 12.6% market share of the daily trading volume.

See live charts here and here

Bitwise Asset Management Files With SEC for New Bitcoin ETF

Today, it was announced that Bitwise Asset Management, a provider of a number of crypto index funds, has filed an initial registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed new physically held BTC exchange-traded fund (ETF). The company believes its proposed ETF is different from previously filed proposals, as it will rely on regulated third party custodians to hold the physical coins and it will be based on a large number of cryptocurrency exchanges. John Hyland, Global Head of Exchange-Traded Funds for Bitwise, stated:

“Having a regulated bank or trust company hold physical assets of a fund has been the standard under U.S. fund regulation for the last 80 years, and we believe that is now possible with bitcoin.”

Read more here

Square Enix Joins the Blockchain Gaming Revolution

Today, it was reported that video game publisher Square Enix is looking into using blockchain technology for future game streaming. In a New Year’s letter to investors, Square Enix president Yosuke Matsuda discussed the company's interest in emerging technologies like blockchain and game streaming:

"With the subsiding of the cryptocurrency bubble, the use of blockchain technology has spread to a variety of non-cryptocurrency domains as well,(...) One has been the gaming space, where there have been some interesting developments with games and game platform services using blockchain technology. We are also very interested in potential applications for blockchain technology in the digital content space."

Read more here

Venezuela Fights US Sanctions Against Petro

Yesterday, it was reported that the Venezuelan government filed a complaint against the United States. The document shows that the United States government is being accused of infringing Venezuela’s rights under the General Agreement on Tariffs and Trade (GATT) and the General Agreement on Trade in Services (GATS). There is also a reference to Petro, the national cryptocurrency of Venezuela. According to the document, the US has imposed “discriminatory coercive trade-restrictive measures with respect to transactions in Venezuelan digital currency”. The complaint also reads:

"Furthermore, in as much as digital currencies originating in the United States are not subject to the same prohibitions as Venezuelan digital currencies, the United States is according less favourable treatment to Venezuelan financial services and service suppliers than to like domestic financial services and service suppliers."

Read more here

Recently Added:

Self Storage Coin added to Coin List

Press Release

State of the Crypto

Bitcoin is down 3.79% at $3,682.220 with a volume of Ƀ85.3k - $316.1M on the USD pairs.

Ether is down 1.27% against Bitcoin at Ƀ0.03498 per Ether and down 5.02% against the dollar to $128.87 with average volume Ƀ92.4k on the ETH/BTC pair.

Bitcoin Cash is down 3.05% to Ƀ0.03592 with volumes of Ƀ14.9k and down 6.77% against the dollar at $132.29.

Ripple is down 1.46% to Ƀ0.00009093 with volumes of Ƀ34.3k and down 5.18% against the dollar at $0.3353.

Zcash is up 4.94% for the day to Ƀ0.01551 per ZEC and up 1.21% against the dollar to $57.82 with an average volume of Ƀ12.3k for the 24 hour period.

Litecoin is down 6.36% against the dollar for the day at $33.15 and down 2.64% to Ƀ0.009024 on volumes of Ƀ32.9k.

Dash is down 1.09% at Ƀ0.01993 with Ƀ7.8k volume and down 5.11% against the dollar at $74.24.

Iota is down 2.41% to Ƀ0.00008504 on Ƀ674.035 volume.

Ether Classic is up 0.99% to Ƀ0.001223 with volumes of Ƀ6.5k and down 2.55% against the dollar at $4.58.

Monero is down 4.2% against the dollar at $46.56 and down 0.79% against Bitcoin at Ƀ0.01248 on volumes of Ƀ2.3k.

Neo is down 1.34% for the day to Ƀ0.002137 per NEO and down 5.11% against the dollar to $7.98 with an average volume of Ƀ6.0k for the 24 hour period.

Waves is up 1.66% to Ƀ0.0007113 on Ƀ4.1k volume.

Stratis is down 4.25% to Ƀ0.0002501 on Ƀ655.798 volume.

Cardano is down 3.52% to Ƀ0.00001206 on Ƀ3.8k volume.

NEM is down 0.13% to Ƀ0.00001551 on Ƀ603.235 volume.

EOS is down 4.84% to Ƀ0.0006606 on Ƀ47.9k volume.

Tron is down 9.19% to Ƀ0.00000721 on Ƀ36.7k volume.

Stellar is down 3.57% to Ƀ0.00002915 on Ƀ3.2k volume.

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