Bitcoin Price and Trading Report: December 7th - Mine Digital
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Bitcoin Price and Trading Report: December 7th

December 7, 2020 • 
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Bitcoin Price
This week we are keeping a close eye on the first 12-36 hours of markets to judge a theme for the week. Bitcoin price could be volatile.

Morning Traders,

Although markets had traded sideways and slightly higher heading into the end of the week there has been a strong start Monday morning – potentially due to this dramatic spike in M1 money supply (and wherever it has come from)

There is limited info on what is going on with that latest move atm but we will keep an eye out for it.

Bitcoin

Bitcoin didn’t do a lot over the weekend but is marginally higher with the S&P500 this morning, last trading at $19,364

24 hr high: $ 19,418

24 hr low: $ 18,869

BTC/USD Chart

J/K

BITCOIN TRADE

Our instinct had been that there was a short to bad had in both the S&P500 and BTC in December before trading higher earlier next year. That was based mostly on market structure, as well as December being traditionally quiet, low liquidity and profit taking to be in the direction of lower asset prices.

Whatever is going on in this M1 move could disrupt that easily.

Ethereum

Eth looks more like an asset that is consolidating than Bitcoin

24 hr high: $ 607

24 hr low: $ 583

ETH/USD Chart

Digital Assets

Digital assets are mixed the last 24 hours with some big swings either way.

AssetCodePrice (USD)24hr Change (%)VolumeMarket Capitalisation
Aave$LEND0.883525-2.6476722,286,219.00$93,752,223.00
Algorand$ALGO0.336095-2.39324120,842,988.00$269,913,844.00
Aragon$ANT3.465.7314124,568,284.00$119,596,885.00
Balancer$BAL13.72-1.7421925,611,525.00$139,439,884.00
Bancor$BNT1.030.0256740,578,702.00$87,715,080.00
Cardano$ADA0.158755-0.54847693,177,747.00$4,939,256,531.00
Chainlink$LINK13.482.27947664,014,989.00$5,330,986,564.00
Compound$COMP137.09-4.4817647,065,000.00$550,914,968.00
Curve Finance$CRV0.703089-5.5662742,536,655.00$99,560,290.00
Dai$DAI1.01-0.01974132,492,900.00$1,080,954,473.00
Kyber Network$KNC0.976740.3616526,466,628.00$195,778,807.00
Loopring$LRC0.189011-3.021325,771,811.00$235,310,844.00
Maker$MKR529.8-0.5439543,564,003.00$479,816,727.00
Meta$MTA1.225.913346,526,232.00$12,786,965.00
mStable USD$mUSD10.26524737,402.00$28,928,538.00
Ren$REN0.3394531.3947829,470,631.00$299,110,449.00
Reserve Rights$RSR0.01909738-3.790533,342,709.00$178,547,900.00
Stellar$XLM0.1755142.24458398,580,065.00$3,808,919,742.00
Synthetix$SNX5.16-1.2504558,274,931.00$703,556,927.00
Tezos$XTZ2.33-0.2555982,499,755.00$1,749,366,387.00
Universal Market Access$UMA7.991.4254111,647,240.00$442,042,781.00
yearn.finance$YFI28784-2.03498327,452,707.00$864,245,106.00

Economic Calendar

Fairly quiet on the data front today

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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