Bitcoin Price and Trading Report: November 13th - Mine Digital
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Bitcoin Price and Trading Report: November 13th

November 13, 2020 • 
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With risk slightly lower overnight, bitcoin still managed to break through its high while Ethereum did little.

Morning Traders,

There was a bit more retracement in the S&P500 and oil overnight and minor easing in gold the pet rock.

There has been more insistence from the potential Biden administration on a 4-6 week lockdown of the economy which may weigh on risk

Bitcoin

Bitcoin has had another incredible night trading higher by over 3%. The asset is clearly trading higher and is also creating a parabola in the price action. The entire market knows that the all-time high is on the cards and there is some good chance that the end of the move is through the high.

BTC last traded at $16,248

24 hr high: $ 16,370

24 hr low: $ 15,481

BTC/USD Chart

BITCOIN TRADE

Bitcoin remains tricky from the trading perspective despite being a clear bull market. The original break of the high squeezed back through, and it could be the ‘second movement’ type trades that are worth targeting.

These trades avoid the obvious trade the first time around, but fade the stop-out of traders who did take the ‘obvious’ trade and were pushed out.

With risk sold overnight and Eth failing to break higher, perhaps there is a short in the asset? It might make the clearer trade, even in this bull market.

Ethereum

Eth did not follow Bitcoin on its latest push higher and is consolidating around the high.

24 hr high: $ 470

24 hr low: $ 452

ETH/USD Chart

Digital Assets

It was a bearish night for digital assets as Bitcoin traded higher but risk assets traded lower. Still a lot of volatility in the markets.

AssetCodePrice (USD)24hr Change (%)VolumeMarket Capitalisation
Aave$LEND0.52659-3.649736,483,571.00$69,547,617.00
Algorand$ALGO0.263211-5.3405472,131,213.00$211,662,838.00
Aragon$ANT3.21-7.623925,008,566.00$111,339,349.00
Balancer$BAL11.54-1.0169825,534,053.00$107,922,469.00
Bancor$BNT0.665877-7.9810332,712,324.00$45,156,453.00
Cardano$ADA0.104045-2.04497406,892,799.00$3,240,489,452.00
Chainlink$LINK12.35-4.48616933,957,196.00$4,845,153,951.00
Compound$COMP103.41-0.3275835,884,499.00$406,128,728.00
Curve Finance$CRV0.545121-1.2995643,107,753.00$63,218,021.00
Dai$DAI1.010.00852101,844,934.00$999,394,994.00
Kyber Network$KNC0.854715-5.9285126,164,447.00$169,140,490.00
Loopring$LRC0.178296-3.5994254,722,949.00$211,894,549.00
Maker$MKR537.02-1.8007932,776,497.00$489,385,848.00
Meta$MTA1.357.151177,500,351.00$14,055,181.00
mStable USD$mUSD0.9999460.72885605,893.00$36,987,781.00
Ren$REN0.299366-4.2767549,724,137.00$264,875,821.00
Reserve Rights$RSR0.01600083-8.097369,058,313.00$150,720,906.00
Stellar$XLM0.080635-0.23832122,246,513.00$1,690,853,770.00
Synthetix$SNX3.74-8.5114856,776,698.00$491,128,162.00
Tezos$XTZ2.06-3.0883395,332,104.00$1,550,185,702.00
Universal Market Access$UMA7.85-10.8363518,767,106.00$432,683,071.00
yearn.finance$YFI15548.28-4.57374542,106,171.00$466,920,539.00

Economic Calender

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