Bitcoin Price and Trading Report: December 4th - Mine Digital
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Bitcoin Price and Trading Report: December 4th

December 4, 2020 • 
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Bitcoin Price
The S&P500 found stops higher and lower overnight suggesting consolidation. Bitcoin has similar structure at the moment and may move together.

Morning Traders,

The S&P500 traded both ways overnight, showing an interest in consolidating at the top of its range.

We are on the watch for a squeeze in the asset, although it has been holding up well so far. Things that can move risk lower include deflation – delaying fiscal stimulus (it has been quiet on that front), as well as the opportunity of low liquidity in December – traders should keep in mind that all of the insiders who had knowledge of the vaccine announcement were never tested.

Bitcoin

Bitcoin looks like today could be the day, especially with the USD falling overnight, generally looking quite sad. Gold has been bid from the USD move, although BTC could also do something more in line with the S&P500 and in fact both assets are in a very similar market structure at present.

BTC last traded at 19,451

24 hr high: $ 19,621

24 hr low: $ 18,881

BTC/USD Chart

BITCOIN TRADE

Bitcoin remains tricky to trade. The question to traders is whether it simply breaks higher at an innoucous time (possibly today) or does it wait for direction from the equity markets, in which we have to imagine an attempt to get through $16k

Ethereum

Eth is looking the stronger asset of the two with price action that looks bullish for the space.

24 hr high: $ 624

24 hr low: $ 586

ETH/USD Chart

Digital Assets

Some mixed assets in digital assets, although mostly bullish.

AssetCodePrice (USD)24hr Change (%)VolumeMarket Capitalisation
Aave$LEND0.9077754.8293516,692,074.00$98,609,267.00
Algorand$ALGO0.340888-0.193123,348,710.00$273,865,180.00
Aragon$ANT3.37-1.4123822,632,015.00$116,310,375.00
Balancer$BAL14.650.7103731,433,299.00$148,766,599.00
Bancor$BNT1.054.6689348,711,382.00$88,956,605.00
Cardano$ADA0.1640793.21325932,012,993.00$5,107,837,396.00
Chainlink$LINK13.97-0.13295730,869,331.00$5,504,435,417.00
Compound$COMP131.9115.86099107,166,237.00$524,254,589.00
Curve Finance$CRV0.8318933.5118382,550,568.00$115,629,055.00
Dai$DAI1.010.19273118,578,020.00$1,082,983,394.00
Kyber Network$KNC1.01-1.4154836,945,520.00$203,060,586.00
Loopring$LRC0.198886-1.0840929,930,693.00$235,767,003.00
Maker$MKR590.995.582533,519,069.00$535,233,086.00
Meta$MTA1.23-0.627977,150,047.00$12,881,150.00
mStable USD$mUSD0.997934-0.24132566,307.00$29,246,965.00
Ren$REN0.3493684.202834,380,056.00$310,721,498.00
Reserve Rights$RSR0.02102315-1.1490836,886,302.00$196,933,512.00
Stellar$XLM0.184362-0.76838472,923,774.00$4,006,850,085.00
Synthetix$SNX5.22-0.1774855,728,454.00$710,691,067.00
Tezos$XTZ2.410.384596,132,999.00$1,809,353,546.00
Universal Market Access$UMA7.940.2565116,693,119.00$442,188,729.00
yearn.finance$YFI29696-2.79136674,358,813.00$893,676,267.00

Economic Calendar

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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