Bitcoin Price and Trading Report: November 11th - Mine Digital
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Bitcoin Price and Trading Report: November 11th

November 11, 2020 • 
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The bitcoin price consolidated overnight while alt-coins outperformed strongly. Meta and Loopring were up by 50% and 40%.

Morning Traders,

There was more strange price action in markets overnight with the market retracing the break of the all-time high but sitting just below it. There was little volatility after the retracement and slightly strange price action in that the market did not correct as hard as expected.

Similarly, gold has not recovered well but oil continued its move higher.

Bitcoin

BTC is still in consolidation this morning and did little overnight. We are still watching the asset for evidence of the price suppression and volatility crushing we saw earlier in the year.

BTC last traded at $ 15,342

24 hr high: $ 15,481

24 hr low: $ 15,092

BTC/USD Chart

BITCOIN TRADE

Fading moves is usually the play in consolidation, and there have been a few opportunities for traders to fade major breaks. These moves could be almost wrapped up as a result. If the market does the obvious thing it will trade higher.

Ethereum

Eth is making a much more attractive/less complex consolidation than Bitcoin and could be the asset to watch for a lead on BTC. The latest move overnight does look like an asset that wants to trade higher.

24 hr high: $ 455

24 hr low: $ 439

ETH/USD Chart

Digital Assets

There were huge moves across alt-coins overnight including 50% and 40% moves for Meta and Loopring.

AssetCodePrice (USD)24hr Change (%)VolumeMarket Capitalisation
Aave$LEND0.66836421.832411,781,175.00$90,231,782.00
Algorand$ALGO0.28836610.7307102,331,687.00$230,711,938.00
Aragon$ANT3.265.6684517,212,697.00$112,728,656.00
Balancer$BAL12.2519.0849150,678,567.00$114,625,366.00
Bancor$BNT0.73662610.2425717,435,288.00$49,823,483.00
Cardano$ADA0.1058780.51501462,026,175.00$3,291,318,795.00
Chainlink$LINK13.094.606381,185,056,614.00$5,125,399,987.00
Compound$COMP102.588.5066736,865,016.00$402,019,402.00
Curve Finance$CRV0.56219225.4026955,132,174.00$63,410,157.00
Dai$DAI1-0.44953108,206,429.00$968,787,799.00
Kyber Network$KNC0.8768458.2095634,042,720.00$173,537,257.00
Loopring$LRC0.21912640.8386280,398,375.00$260,216,617.00
Maker$MKR551.995.8316731,691,019.00$501,960,862.00
Meta$MTA1.4953.4150511,432,778.00$15,401,902.00
mStable USD$mUSD0.9987450.218461,030,997.00$36,728,226.00
Ren$REN0.3418556.2057372,542,286.00$300,458,203.00
Reserve Rights$RSR0.0175441320.7633996,437,296.00$163,796,992.00
Stellar$XLM0.0798550.20341138,258,895.00$1,669,085,350.00
Synthetix$SNX4.8115.4167260,161,740.00$629,693,959.00
Tezos$XTZ2.153.16564108,133,664.00$1,613,730,385.00
Universal Market Access$UMA7.589.7219713,808,172.00$420,238,878.00
yearn.finance$YFI18304.5522.55297900,721,801.00$548,953,709.00

Economic Calender

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