Market Analysis Report

17 June 2019

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 2,156.33 yesterday at 5 pm (GMT) and has since increased 0.31%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $3,878 representing a gain of 0.22% in the last 24 hours. More than $130M worth of BTC were exchanged in the BTC/USD market representing a 9% share of the global daily volume. The BTC/EUR pair represents a 2% share.

The Ethereum price has increased 1.14% over the past 24 hours and is currently sitting at $134, with over $50M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 4% market share of the daily trading volume.

See live charts here and here

OKEx's Sets New Daily Trading Volume Record

Malta-based cryptocurrency exchange OKEx has revealed that its platform recently “recorded a breaking number of 24-hour trading volume in contract market” at approximately $2.4 billion. Commenting on the record-level trading activity, Andy Cheung, the head of operations at OKEx, remarked:

"I am thrilled to see the number grow so significantly, bringing OKEx to the top among our peers and marking a new milestone for the business. It is encouraging that traders are positive and open-minded to the future of cryptocurrency. This really strengthens our faith in going further. To maintain our leading position, we will ensure a trader-friendly environment for users to enjoy trading digital asset on OKEx."

Read more here

Cboe Exchange Puts Brakes on Bitcoin Futures Listing

Yesterday, Cboe Futures Exchange (CFE) said that it would not add a new Bitcoin futures market for March, citing a need to review how it approaches the space. The exchange said:

“CFE is not adding a Cboe Bitcoin (USD) (“XBT”) futures contract for trading in March 2019. CFE is assessing its approach with respect to how it plans to continue to offer digital asset derivatives for trading. While it considers its next steps, CFE does not currently intend to list additional XBT futures contracts for trading.”

Read more here

Gatecoin Crypto Exchange to Shut Down on Court’s Orders

Hong Kong-based cryptocurrency exchange Gatecoin will shut down and enter liquidation after an unsuccessful attempt to recover funds lost in a dispute with a former payment services provider. Announced yesterday, the company distributed the message to customers via their corporate website. There, the team behind the project explained the suspension of the service occurred after months of battling to stay afloat, and ultimately, a court order to wind-up and cease operations immediately.

In its public statement, the company blamed its prior payment service provider (PSP) for this situation. The exchange said it began having issues with banking services in September 2018, after the sudden freeze of its bank accounts in Hong Kong. The team stated:

“Even after we managed to mitigate our loss by replacing that PSP with more reliable alternatives to process our clients’ transfers in September 2018, the situation did not improve because that PSP retained a large part of our funds.”

Read more here

State of the Crypto

Bitcoin is up 0.22% at $3,878.590 with a volume of Ƀ34.6k - $134.1M on the USD pairs.

Ether is up 0.85% against Bitcoin at Ƀ0.03436 per Ether and up 1.14% against the dollar to $134.3 with average volume Ƀ132.9k on the ETH/BTC pair.

Litecoin is up 1.18% against the dollar for the day at $56.68 and up 1.04% to Ƀ0.01451 on volumes of Ƀ77.9k.

EOS is up 0.27% to Ƀ0.0009236 on Ƀ56.1k volume.

Ripple is down 0.77% to Ƀ0.00008012 with volumes of Ƀ23.9k and down 0.6% against the dollar at $0.313.

Bitcoin Cash is up 1.27% to Ƀ0.0342 with volumes of Ƀ23.1k and up 1.47% against the dollar at $132.59.

Neo is up 3.79% for the day to Ƀ0.002353 per NEO and up 4.04% against the dollar to $9.28 with an average volume of Ƀ11.8k for the 24 hour period.

Zcash is up 2.81% for the day to Ƀ0.01356 per ZEC and up 3.12% against the dollar to $53.28 with an average volume of Ƀ11.0k for the 24 hour period.

Ether Classic is up 3.21% to Ƀ0.001124 with volumes of Ƀ9.8k and up 3.76% against the dollar at $4.41.

Dash is up 1.99% at Ƀ0.0231 with Ƀ9.7k volume and up 1.99% against the dollar at $90.92.

Stellar is down 6.14% to Ƀ0.00002691 on Ƀ9.5k volume.

Tron is down 1.37% to Ƀ0.00000578 on Ƀ7.9k volume.

Cardano is up 6.19% to Ƀ0.00001269 on Ƀ3.8k volume.

Monero is up 1.19% against the dollar at $50.96 and up 0.84% against Bitcoin at Ƀ0.01315 on volumes of Ƀ3.1k.

Waves is up 1.88% to Ƀ0.0007038 on Ƀ2.9k volume.

NEM is up 8% to Ƀ0.00001296 on Ƀ1.7k volume.

Iota is up 2.82% to Ƀ0.00007632 on Ƀ1.2k volume.

Stratis is up 5.25% to Ƀ0.0002447 on Ƀ798.529 volume.
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