Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 10,140.91 with a gain of 3.67% for the day.

See the live index here

Market Update

The Bitcoin markets took a slide on Sunday evening, about an hour after the CME Group launched the company’s futures markets. Even though the beginning of the derivatives sessions was quite bullish, with contracts selling above the $20K mark, Bitcoin’s markets dipped to a low of $17,925 a few hours after.

At the time of writing, the Bitcoin price is sitting at $18,825, representing a loss of 1% in the last 24 hours. More than $2B worth of BTC were exchanged in the BTC/USD market representing a 36.6% share of daily volume, second to the BTC/JPY that represents a 37.2% share.

The Ethereum price has risen by 17.7% over the past 24 hours and is currently sitting at $842, with over $850M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 35% market share of the daily trading volume.

The Bitcoin Cash price has risen 26.3% over the last 24 hours and is currently sitting at $2302, a new all-time high for the cryptocurrency. More than $500M worth of BCH were exchanged in the BTC/USD market, which has a 24.5% share of daily volume.

See live charts here, here and here

Euro Bank Swissquote Adds Four Altcoins to its Trading Platform

Yesterday, the Swiss banking group announced that it added four Altcoins to its online trading platform. In addition to Bitcoin, Swissquote clients can now trade Ethereum, Bitcoin cash, Litecoin, and Ripple against EUR and USD. The bank said that it selected these four altcoins based both on consumer demand and liquidity. Marc Bürki, CEO of Swissquote, stated:

“Our Bitcoin trading offer and certificate have been a big success and exceeded our expectations. We are expanding our offer to help investors diversify in cryptocurrencies, just like they do in traditional securities. Cryptocurrencies are increasingly popular, more quickly than anyone expected. By offering them on our platform, investing in cryptocurrencies becomes simpler, safer and accessible to all.”

Read more here

CFTC Launches Online Resources for Bitcoin Investors

The U.S. Commodity Futures Trading Commission (CFTC) unveiled its new cryptocurrency resource website, which is aimed at educating the public about these wholly digital commodities. The site features links to a range of CFTC releases, including an October primer from its LabCFTC arm and information about futures launches from firms like Cboe and CME Group. The agency wrote:

"Financial technologies have the potential for significant or even transformational impact on CFTC regulated markets and the agency itself. One of the most recent marketplace developments driving a lot of interest is the rise in prominence of virtual currencies, specifically Bitcoin."

Read more here

Russian Crypto News Site Shook Down by the Ukrainian Security Service

According to the owner of the Russian cryptocurrency news outlet Forklog, Anatoly Kaplan, his media firm is being harassed by Ukrainian law enforcement officials. Agents from the Ukrainian Security Service (SSU) searched both Kaplan’s apartment and the Forklog offices in Odessa for an alleged association with U.S. nationals committing criminal activities.

The SSU explained to Forklog representatives that the suspects used Forklog to exchange Bitcoin for the national currency, Hryvna. Kaplan believes the search was “unwarranted,” as neither Forklog nor sites associated with the website have ever provided these types of services. Kaplan stated:

“Forklog doesn’t even have software that provides such services.”

Read more here

Recently Added:

PYP added to Upcoming ICO list