Bitcoin Price and Trading Report: November 10th - Mine Digital
Knowledge

Bitcoin Price and Trading Report: November 10th

November 10, 2020 • 
Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
Bitcoin Price
Spread the word
Share on facebook
Share on twitter
Share on linkedin
Share on reddit
The moves overnight look very bullish for bitcoin, which could have sold with gold if it wanted to do so. Risk is back on in a big way.

Morning Traders,

We saw an enormous move higher in equities and risk overnight on news of a highly successful coronavirus vaccine coming from Pfizer.

Gold was hit very hard in the move and bitcoin maintained its price well. A vaccine of this quality is a game-changer.

The combination of a Biden presidency with its perceptual effect of delivering stability together with the vaccine will be invigorating to markets and the economy.

It takes the pressure off of monetary policy at a very important time – which was suffering from extremely diminished returns. Fiscal policy is likely to take over from here which could build on the positive momentum from stability and the vaccine.

Bitcoin

Bitcoin held up very well in the move that dumped gold, seeing some volatility but actually looking a very strong and bullish asset afterwards.

BTC last traded at $15,293

24 hr high: $ 15,857

24 hr low: $ 14,822

BTC/USD Chart

BITCOIN TRADE

Bitcoin looks super bullish in how it performed, given the opportunity to sell off harder if it wanted to and holding up. Bullish technical patterns can be bid, as well as fading all stop-outs to the downside.

Ethereum

Eth has spent the last couple of weeks tempting us with volatility to the upside and the downside, and now looks to be consolidating in a pennant that should be considered bullish and is also quite technical.

24 hr high: $ 459

24 hr low: $ 434

ETH/USD Chart

Digital Assets

After a strong couple of days, most other assets took a breather.

AssetCodePrice (USD)24hr Change (%)VolumeMarket Capitalisation
Aave$LEND0.5416836.612487,285,887.00$84,953,876.00
Algorand$ALGO0.259242-2.5627870,384,834.00$209,678,100.00
Aragon$ANT3.051.3842612,944,594.00$105,714,660.00
Balancer$BAL10.22-0.2633223,915,626.00$84,529,938.00
Bancor$BNT0.6668620.8078129,056,280.00$45,248,424.00
Cardano$ADA0.105321-0.58873517,009,357.00$3,282,016,137.00
Chainlink$LINK12.45-1.661981,168,664,398.00$4,891,447,636.00
Compound$COMP94.25-2.0147126,446,988.00$371,026,080.00
Curve Finance$CRV0.446503-5.6836532,451,068.00$50,775,871.00
Dai$DAI1.01-0.14993189,073,147.00$964,327,725.00
Kyber Network$KNC0.806435-1.2535320,561,269.00$159,853,959.00
Loopring$LRC0.154039-2.7521632,636,296.00$183,779,404.00
Maker$MKR521.18-2.4150833,093,280.00$476,895,480.00
Meta$MTA0.97416-4.215684,768,081.00$10,130,904.00
mStable USD$mUSD0.996896-0.48963500,107.00$36,585,590.00
Ren$REN0.3145452.5132161,651,423.00$277,969,636.00
Reserve Rights$RSR0.0142683-1.2726956,131,583.00$134,459,747.00
Stellar$XLM0.079548-2.68742139,288,767.00$1,665,942,676.00
Synthetix$SNX4.18-1.6832473,809,221.00$550,029,426.00
Tezos$XTZ2.08-0.2785390,026,893.00$1,565,133,738.00
Universal Market Access$UMA6.93-2.604612,635,139.00$386,928,992.00
yearn.finance$YFI14781.33-2.09895518,974,819.00$445,748,882.00

Economic Calender

Market moves are still broad and rough enough not to be too swayed by a lot of the economic data. A stabilising market structure will be the first thing traders should look for after last nights move.

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.

Written By
Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email

Sign up

Never miss a thing! Sign up to
The Knowledge Mine Digital’s newsletter on all things Crypto