Bitcoin Price and Trading Report: November 16th - Mine Digital
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Bitcoin Price and Trading Report: November 16th

November 16, 2020 • 
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Eth & digital assets traded lower over the w/e while Bitcoin trades high in its range. Expect the disconnect to resolve early in the week.

Morning Traders,

There had been mixed results Friday with the S&P500 up on the day the main change in markets.

Bitcoin

Bitcoin traded sideways over the weekend, feeling like it could do something at any time. It still traded high and did not have a whole lot of volatility to the downside.

BTC last traded at $16,001

24 hr high: $ 16,170

24 hr low: $ 15,789

BTC/USD Chart

BITCOIN TRADE

The two most obvious scenario’s in short-term trading are the stop-out of long positions to a and reversing or targeting the stops to b and reversing.

This assumes that a bigger move is not ready to be made early in the week and that markets in general are a bit mixed late on Friday.

Ethereum

Ethereum is a more bearish asset than Bitcoin, and this could be taken as a lead in figuring out what to do with Satoshi’s invention this week even though Bitcoin is still the 800 pound gorilla in digital assets.

24 hr high: $ 464

24 hr low: $ 440

ETH/USD Chart

Digital Assets

Mixed results in digital assets the last 24 hours with nothing especially interesting.

They have been generally weaker over the weekend.

AssetCodePrice (USD)24hr Change (%)VolumeMarket Capitalisation
Aave$LEND0.636494-5.004166,524,680.00$79,947,852.00
Algorand$ALGO0.256077-3.577974,733,180.00$205,590,545.00
Aragon$ANT3.24-2.2932315,730,994.00$112,268,845.00
Balancer$BAL12.61-2.8562554,996,495.00$118,224,661.00
Bancor$BNT0.736269.1375442,236,749.00$49,935,041.00
Cardano$ADA0.100753-3.43145308,758,163.00$3,131,952,630.00
Chainlink$LINK12.14-3.55216529,053,746.00$4,758,614,328.00
Compound$COMP120.32-1.3287660,903,320.00$472,737,206.00
Curve Finance$CRV0.7725647.89988118,516,136.00$92,598,771.00
Dai$DAI1.010.23883112,411,084.00$1,018,566,230.00
Kyber Network$KNC0.888178-0.5724825,925,587.00$177,686,617.00
Loopring$LRC0.176493-1.1148835,205,888.00$209,764,058.00
Maker$MKR515.85-3.1947332,403,432.00$469,154,562.00
Meta$MTA1.532.629237,651,840.00$16,008,946.00
mStable USD$mUSD0.9999560.25783670,948.00$37,524,708.00
Ren$REN0.305565-0.5733738,895,311.00$268,682,601.00
Reserve Rights$RSR0.01537361-5.3822346,596,522.00$144,363,469.00
Stellar$XLM0.080442-0.95785116,036,333.00$1,684,236,572.00
Synthetix$SNX4.15-3.8483978,436,003.00$546,162,672.00
Tezos$XTZ2.02-3.9887582,645,887.00$1,511,380,694.00
Universal Market Access$UMA8.351.7431816,384,905.00$461,243,145.00
yearn.finance$YFI17593.22.03279483,037,796.00$527,454,055.00

Economic Calender

Some great results in Japan showing very strong GDP growth.

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