Bitcoin Back and Forth, Some Bids in Digital Assets - Mine Digital
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Bitcoin Back and Forth, Some Bids in Digital Assets

August 24, 2020 • 
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Bitcoin has broken down over the weekend but does not look too serious about trading lower. Other markets are making strange moves.

Morning Traders,

Although equities were higher Friday, the US dollar had a couple of strong bids. Our S&P500 priced in gold chart is at significantly high levels and we may be seeing the beginning of a regime change in markets.

Bitcoin continues to yo-yo, with a very weak set of markets Saturday recovering a bit on Sunday. As it stands, you want to see Bitcoin either trade back into its trend-channel (after which it would likely go all the way through the top of it), or trade lower.

Bitcoin

Bitcoin last traded at $ 11,666

24 hr high: $ 11,714

24 hr low: $ 11,524

Bitcoin USD Chart

Ethereum

Eth has moved in lock-step with Bitcoin over the weekend, and faces a similar scenario to Bitcoin after trading outside of its trend-channel..

24 hr high: $ 397

24 hr low: $ 383

Ethereum USD Chart

Digital Assets

Mixed results across digital assets over the weekend, but with plenty of strong bidding still in the markets. DeFi missed out a little the last 24 hours and there have been new projects bid.

  • Aave: $ 0.57
  • Algorand: $
  • Cardano: $ 0.122
  • Chainlink: $ 14.98
  • Compound: $ 169
  • Maker: $ 637
  • Ren: $ 0.44
  • Reserve Rights: $ 0.021
  • Stellar: $ 0.102
  • Synthetix: $ 5.68
  • Tezos: $ 3.54

Whether you want to simply buy and sell or access advanced features, we have the tools you need. Mine’s order-book exchange lets you trade BTC, ETH, XRP, LTC and BCH against AUD, USD and USDT*. Mine Digital, Australia’s best Cryptocurrency Exchange.

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