Market Analysis Report

10 June 2024

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 7,641.42 with a loss of 0.95% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $9,016 representing a loss of 2.3% in the last 24 hours. More than $650 M worth of BTC were exchanged in the BTC/USD market representing a 25.7% share of the global daily volume. The BTC/JPY pair represents a 39.7% share.

The Ethereum price has dropped 1.94% over the past 24 hours and is currently sitting at $664, with over $300 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 30.7% market share of the daily trading volume.

See live charts here and here

Circle Adds Zcash Trading in Bid

Goldman Sachs-backed fintech startup Circle has announced that it will be adding Zcash to its Circle Invest platform. The startup aims to compete with Coinbase providing users with instant, commission-free cryptocurrency trading supporting Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), and Ethereum Classic (ETC). An official blog post reads:

"Hello, Zcash.  A new coin just joined the Circle Invest family, and it’s available for you to buy right now."

Read more here

Bitcoin Tax Slashed by the Republic of France

According to Le Monde, a French newsletter, France’s State Council of taxation has announced a severe lowering of financial penalties on gains from cryptocurrencies such as Bitcoin. For at least four years, the Republic of France has kept taxation on Bitcoin core and cryptocurrencies capital gains in general at nearly half. However, there appears to be a softening in this regards and the regulators have pledged to bottom the current rate of 45%, by more than half, to 19%. The France Financial Minister stated:

"A revolution is underway, of which bitcoin was only the precursor. The blockchain will offer new opportunities to our startups, for example with the Initial Coin Offerings (ICO) that will allow them to raise funds through ‘tokens,’ crypto-actives or not."

Read more here

Venezuela Certifies 16 Cryptocurrency Exchanges

According to a Venezuelan newspaper with government backing, Correo del Orinoco, Maduro has “authorized the certification of 16 exchange houses for cryptocurrencies,” which will facilitate Petro transactions in the international market. According to the newspaper, Maduro said:

"The certification of these 16 exchanges is a demonstration of confidence in the system of the Petro, as a cryptocurrency, and will allow liquidity and solid transactional volume."

Read more here

Ubcoin Market, the first ICO of a product supported by Samsung and Fly, is LIVE!

The Ubcoin is a first of its kind crypto-goods person-to-person exchange that is using marketplace platform so that anyone can safely and instantly sell any goods and become cryptocurrency holder or buy any goods forgetting about getting fiat money first.

2 reasons to invest:

  • App is already developed and exclusively pre-installed on all Samsung and Fly smartphones, including Galaxy S9. Official contracts signed.
  • Ubcoin is a mature company with a leading banking platform which is called UBANK mobile App and already has over 16 million installations worldwide.

Due to the investors' adherence to the first former 10,000 UBC limited bonus, Ubcoin decided to organise a new special bonus!

10,000 UBC bonus ends on 1st May, 14.00 GMT. Buy UBC tokens and get a chance for a TOP-UP BONUS of 10,000 UBC (= 1ETH)!

Don’t miss the chance — invest now on ubcoin.io! To learn more about Ubcoin check their youtube video and website.

The Process of Cryptocurrency Generating in United Crypto Mining Group Farms

Today, mining is considered one of the most common activities on the Internet, which can bring good profits. He appeared recently, but his popularity is growing rapidly. And it is due to the fact that it is able not only to supplement the basic earning but also completely replace it.

The United Crypto Mining Group project is designed to provide a service of the generation of cryptocurrency "turn-key" for miners around the world. The United Crypto Mining Group allows mining of such types of cryptocurrency:

ZenCash (ZEN); Monero (XMR); BitcoinGold (BTG); ZClassic (ZCL); Ethereum-Classic (ETC); Ethereum (ETH); Zcash (ZEC); Siacoin (SC); Litecoin (LTC); Bitcoin Cash (BCH); Bitcoin (BTC).

The opportunities that UCMG platform gives you:

  • Acquire mining equipment (ASIC and GPU);
  • Sent your own mining equipment to the suitable remote farm;
  • Acquire tokens that gives the right to use the capacities of our farms;
  • Lease tokens to those who did not have enough time to purchase them during the initial offer;
  • To choose on what farm to mine, that will promote healthy competition and optimal condition for cooperation;
  • Rent out your own mining farm capacities.

Initial Offer Terms

The company provides 56 days for the token sale:

  • From April 2, 2018 to April 15, 2018 the preliminary sale;
  • From April 16, 2018 to May 27, 2018 will be the primary official sale;

Click Here To Enter: https://ucmg.io

Press Release

State of the Crypto

Bitcoin is down 2.3% at $9,016.150 with a volume of Ƀ75.4k - $692.2M on the USD pairs.

Ether is up 0.33% against Bitcoin at Ƀ0.07371 per Ether and down 1.94% against the dollar to $664.03 with average volume Ƀ40.8k on the ETH/BTC pair.

Bitcoin Cash is down 3.33% to Ƀ0.145 with volumes of Ƀ24.5k and down 5.46% against the dollar at $1308.41.

Ripple is up 1% to Ƀ0.00009151 with volumes of Ƀ12.0k and down 1.3% against the dollar at $0.8253.

Zcash is up 0.62% for the day to Ƀ0.03104 per ZEC and down 1.52% against the dollar to $280.9 with an average volume of Ƀ3.0k for the 24 hour period.

Litecoin is down 2.84% against the dollar for the day at $145.86 and down 0.37% to Ƀ0.01619 on volumes of Ƀ9.6k.

Dash is down 1.9% at Ƀ0.05113 with Ƀ5.1k volume and down 3.96% against the dollar at $461.48.

Iota is up 0.09% to Ƀ0.0002115 on Ƀ2.5k volume.

Ether Classic is down 0.55% to Ƀ0.002349 with volumes of Ƀ6.9k and down 3.07% against the dollar at $21.14.

Monero is down 3.62% against the dollar at $233.31 and down 1.64% against Bitcoin at Ƀ0.02584 on volumes of Ƀ6.5k.

Neo is down 1.54% for the day to Ƀ0.009088 per NEO and down 3.99% against the dollar to $81.73 with an average volume of Ƀ7.3k for the 24 hour period.

Waves is up 1.76% to Ƀ0.0007359 on Ƀ3.8k volume.

Stratis is up 0.37% to Ƀ0.0007331 on Ƀ1.5k volume.

Cardano is up 2.54% to Ƀ0.00003796 on Ƀ8.7k volume.

NEM is down 0.66% to Ƀ0.00004377 on Ƀ643.572 volume.

EOS is down 6.36% to Ƀ0.001856 on Ƀ42.7k volume.

Tron is up 3.72% to Ƀ0.00001005 on Ƀ56.9k volume.

Stellar is up 0.15% to Ƀ0.00004639 on Ƀ4.4k volume.

Trending forum posts