Bags Packed, Send It - Mine Digital
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Bags Packed, Send It

July 23, 2020 • 
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Ethereum catches a bid this morning which can only mean one thing for Bitcoin and by proxy, digital assets. Pack your bags, we're going on a trip.

Morning Traders,

Equity markets are trading at recent highs overnight with the monstrous Tesla trading 5% higher than its closer after market close after reporting.

The zombie market phenomenon continues, the U.S. dollar looks in danger, Bitcoin has not done a lot just yet and Gold and Silver are being bought hand over fist.

The ‘money trade’ we have been talking about for some time is in play, and it is likely the start of a radical shift in recognising fiat currency as no longer money while the search for ‘true’ forms of money continues.

Bitcoin

Bitcoin is quite subdued considering what has been going on around it and last traded at $9,381.

We have been suggesting that Ethereum would be the last asset to move before Bitcoin, which has started moving this morning. Hope you packed your bags.

24 hr high: $ 9,393

24 hr low: $ 9,280

Bitcoin USD Chart

Ethereum

Ethereum is looking very strong, breaking out and looks like it won’t look back from this.

Ethereum is probably the last asset to move before Bitcoin.

24 hr high: $ 249.20

24 hr low: $ 241.78

Ethereum USD Chart

Digital Assets

Algorand, Aave and Maker were up around 5% and ChainLink also recovered from its selloff.

  • Aave: $ 0.317
  • Algorand: $ 0.35
  • Cardano: $ 0.122
  • Chainlink: $ 7.44
  • Compound: $ 159.06
  • Maker: $ 483.93
  • Ren: $ 0.171
  • Reserve Rights: $ 0.0124
  • Stellar: $ 0.0966
  • Synthetix: $ 3.58
  • Tezos: $ 2.98

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