Market Analysis Report

21 March 2019

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 2,264.00 yesterday at 5 pm (GMT) and has since increased 0.43%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $4,062 representing a gain of 1.33% in the last 24 hours. More than $140M worth of BTC were exchanged in the BTC/USD market representing an 8.9% share of the global daily volume. The BTC/KRW pair represents a 1.5% share.

The Ethereum price has increased 2.11% over the past 24 hours and is currently sitting at $140, with over $35M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 2.8% market share of the daily trading volume.

See live charts here and here

Crypto Exchange Caspian to Offer Crypto Options & Futures Trading

Institutional crypto trading, portfolio and risk management platform Caspian announced that it has integrated its platform with cryptocurrency futures and options trading exchange Deribit.

The announcement explains that Deribit has been added to Caspian’s ecosystem of over 30 cryptocurrency exchanges and liquidity providers. The company also claims that the move renders it the first institutional platform to offer both options and futures trading in the crypto asset class:

"Caspian has integrated its platform with Deribit, a leading crypto options and futures exchange, to become the first institutional platform to offer both options and futures trading in these asset classes."

Read more here

Celer Network (CELR) Sells Out in 17 Mins on Binance Launchpad

The Celer Network token sale concluded within just 17 minutes on Binance Launchpad. Celer (CELR) is the third project to complete funding on the exchange’s new funding platform, behind the BitTorrent token (BTT) and Fetch.AI (FET) sales in late January and February, respectively. Binance founder and CEO Changpeng Zhao (“CZ”) claimed on Twitter that CELR drew the highest demand among the projects so far funded via Launchpad:

"This is actually the highest buy demand sale we have seen so far."

Read more here

Creditors Committee Formed for Collapsed Exchange QuadrigaCX

Canadian law firms Miller Thomson and Cox & Palmer have appointed a steering committee to help them represent potentially 115,000 former customers of collapsed cryptocurrency exchange QuadrigaCX.

According to the legal filing, Parham Pakjou, David Ballagh, Eric Bachour, Ryan Kneer, Magdalena Gronowska, Eric Stevens and Nicolas Deziel have been appointed to the committee, with Richard Kagerer and Marian Drumea assigned as alternates. Notably, Bachour has experience with another distressed exchange where funds went missing, as a former customer of the long-defunct Mt Gox, according to the filing:

“Bachour is also a creditor of Mt. Gox in 2013, and has direct experience with arbitrage and market trading in cryptocurrency. Through the Mt. Gox process he gained exposure to the legal side of bankruptcy and insolvency.”

Read more here

State of the Crypto

Bitcoin is up 1.33% at $4,062.110 with a volume of Ƀ35.0k - $141.6M on the USD pairs.

Ether is up 0.44% against Bitcoin at Ƀ0.03438 per Ether and up 2.11% against the dollar to $140.1 with average volume Ƀ121.7k on the ETH/BTC pair.

Litecoin is up 3.74% against the dollar for the day at $60.5 and up 2.28% to Ƀ0.01482 on volumes of Ƀ73.6k.

EOS is up 2.93% to Ƀ0.0009165 on Ƀ48.6k volume.

Ripple is up 0.06% to Ƀ0.00007817 with volumes of Ƀ29.1k and up 1.27% against the dollar at $0.3178.

Bitcoin Cash is up 0.49% to Ƀ0.03919 with volumes of Ƀ19.6k and up 1.55% against the dollar at $159.48.

Ether Classic is up 4.69% to Ƀ0.001184 with volumes of Ƀ14.7k and up 5.7% against the dollar at $4.82.

Neo is up 1.99% for the day to Ƀ0.002302 per NEO and up 2.37% against the dollar to $9.49 with an average volume of Ƀ9.7k for the 24 hour period.

Zcash is down 4.16% for the day to Ƀ0.0143 per ZEC and down 3.72% against the dollar to $58.69 with an average volume of Ƀ8.9k for the 24 hour period.

Dash is down 0.65% at Ƀ0.0229 with Ƀ8.7k volume and up 0.26% against the dollar at $94.17.

Stellar is down 1.75% to Ƀ0.00002749 on Ƀ7.6k volume.

Tron is down 0.71% to Ƀ0.00000562 on Ƀ6.4k volume.

Monero is up 0.65% against the dollar at $54.36 and down 1.98% against Bitcoin at Ƀ0.01339 on volumes of Ƀ4.4k.

Cardano is up 3.72% to Ƀ0.00001337 on Ƀ3.4k volume.

Waves is up 0.76% to Ƀ0.0006904 on Ƀ2.1k volume.

Iota is down 0.59% to Ƀ0.00007362 on Ƀ819.231 volume.

NEM is up 0.98% to Ƀ0.00001241 on Ƀ591.234 volume.

Stratis is down 0.3% to Ƀ0.000231 on Ƀ362.511 volume.

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