Market Analysis Report

17 June 2019

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 3,592.60 yesterday at 5 pm (GMT) and has since risen 5.51%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $7,933 representing a loss of 4.32% in the last 24 hours. More than 850M worth of BTC were exchanged in the BTC/USD market representing a 15.1% share of the global daily volume. The pair with most volume was the BTC/USDT with a 68% share.

The Ethereum price has risen 6.31% over the past 24 hours and is currently sitting at $227.9, with over $300M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 7.6% market share of the daily trading volume. The largest ETH trading pair was the ETH/USDT with a 47% share.

See live charts here and here

Coinbase Stablecoin USDC Trading Available in 85 Countries

Yesterday, cryptocurrency exchange Coinbase announced that it had expanded support for USD Coin (USDC) crypto trading in both Coinbase Consumer ( and Coinbase Pro to 85 countries. The company announced the news on Twitter:

"Today we expand USD Coin trading to 85 countries across the globe. This helps accelerate the global adoption of crypto trading and enables access to a stable store of value. For new customers in countries like Argentina and Uzbekistan, where consumer prices are expected to inflate by 10–20% in 2020, stablecoins like USDC could provide an opportunity to protect against inflation.”

Read more here

New Blockchain Standards Released By Enterprise Ethereum Alliance

The Enterprise Ethereum Alliance (EEA), an organization focused on creating “open, blockchain specifications,” has released a new set of standards for blockchain interoperability. As noted in a blog post published on May 13th, 2019 from ConsenSys’ Medium account, the EEA has introduced version three of its Client Specification.

The latest specification includes a “set of extensions to Ethereum” which will allow developers to build “interoperable Enterprise Ethereum clients.” The Ethereum extensions have also been developed to enable private transactions on permissioned blockchains.

Read more here

SEC Again Delays Decision on Bitwise Bitcoin ETF Approval

Yesterday, the U.S. Securities and Exchange Commission (SEC) again delayed a decision on whether to approve or reject a Bitcoin Exchange-Traded Fund (ETF). In a new document published by the SEC, the regulator said it would hold off on making a decision on the Bitwise ETF proposal filed with NYSE Arca.

The SEC last postponed a decision on both the Bitwise and VanEck/SolidX proposals at the end of March, kicking both to May. The regulator has yet to approve any Bitcoin ETFs, though both experts in the space and officials with the agency seem to believe that it’s only a matter of time. There will be a public comment period for three weeks after the latest document regarding the Bitwise ETF is published in the Federal Register, plus an additional two weeks for responses.

Read more here

CryptoCompare Digital Asset Summit - Less than one month to go!

Less than 30 days remain until CryptoCompare opens its doors to the first conference in London that brings together such a diverse crowd of institutional, retail and regulatory crypto experts. With a very diverse representation of individuals and companies, from start-ups to industry giants, the conference provides an exceptional platform to network and expand business relationships. 

40+ high profile speakers make up a unique line-up, 60+ companies have joined, and the biggest media outlets in the industry will be there to cover the event.

I want to attend »

Press Release

State of the Crypto

Bitcoin is down 4.32% at $7,933.380 with a volume of Ƀ106.4k - $848.9M on the USD pairs.

Ether is up 11.34% against Bitcoin at Ƀ0.02876 per Ether and up 6.31% against the dollar to $227.91 with average volume Ƀ157.5k on the ETH/BTC pair.

Litecoin is down 0.82% against the dollar for the day at $92.47 and up 3.73% to Ƀ0.01167 on volumes of Ƀ92.7k.

Ripple is up 14.51% to Ƀ0.00005328 with volumes of Ƀ65.5k and up 8.11% against the dollar at $0.4211.

EOS is up 3.48% to Ƀ0.00077 on Ƀ61.4k volume.

Bitcoin Cash is down 2.14% to Ƀ0.04801 with volumes of Ƀ23.6k and down 6.66% against the dollar at $380.62.

Neo is up 15.44% for the day to Ƀ0.001488 per NEO and up 11.66% against the dollar to $11.78 with an average volume of Ƀ17.2k for the 24 hour period.

Zcash is up 7.62% for the day to Ƀ0.008855 per ZEC and up 3.12% against the dollar to $69.83 with an average volume of Ƀ15.6k for the 24 hour period.

Tron is up 10.97% to Ƀ0.00000354 on Ƀ13.6k volume.

Ether Classic is up 6.02% to Ƀ0.0008511 with volumes of Ƀ12.3k and up 1.95% against the dollar at $6.78.

Dash is up 2.86% at Ƀ0.01761 with Ƀ9.5k volume and up 3.82% against the dollar at $146.07.

Stellar is up 11.79% to Ƀ0.00001508 on Ƀ7.7k volume.

Cardano is up 9.74% to Ƀ0.0000107 on Ƀ5.3k volume.

Monero is up 1.99% against the dollar at $85.66 and up 6.57% against Bitcoin at Ƀ0.01087 on volumes of Ƀ2.4k.

Waves is up 2.27% to Ƀ0.0002977 on Ƀ1.5k volume.

Iota is up 10.16% to Ƀ0.00004977 on Ƀ1.2k volume.

NEM is up 9.06% to Ƀ0.00000867 on Ƀ527.119 volume.

Stratis is up 9.7% to Ƀ0.0001142 on Ƀ337.368 volume.

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