Bitcoin Price and Trading Report: November 17th - Mine Digital
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Bitcoin Price and Trading Report: November 17th

November 17, 2020 • 
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Bitcoin makes new highs and continues to face off its all-time high as its parabola steepens. Risk is bid elsewhere.

Morning Traders,

Risk has been bid again the last 24 hours and we wonder if it the start of a broad bid into risk that lasts for the medium-term. The S&P500 and oil were both higher on the first trading day of the week. Gold is still looking a little sad and Warren Buffet was said to unload his investment into Barrick gold last week.

With December usually being a quiet month for markets, if anything is getting started now it could become a strange scenario in Dec.

Bitcoin

Bitcoin made another move higher as its parabola begins to steepen. It’s looking good for a Christmas high at this point

BTC last traded at $16,779

24 hr high: $ 16,894

24 hr low: $ 15,875

BTC/USD Chart

BITCOIN TRADE

Bitcoin remains tricky for short-term trading. Traders want to be careful in their timing and leverage, but there should be opportunities in the volatility.

Ethereum

Eth traded higher with Bitcoin overnight but did not move as far and is still within its technical structure, rather than breaking out higher again like Bitcoin.

24 hr high: $ 466

24 hr low: $ 456

ETH/USD Chart

Digital Assets

Digital assets traded higher across the board with Aave and Reserve Rights having the larger moves. Other protocols like Sushiswap have had a resurgence and DeFi was bid.

AssetCodePrice (USD)24hr Change (%)VolumeMarket Capitalisation
Aave$LEND0.72647214.45757,322,322.00$90,770,138.00
Algorand$ALGO0.2695565.4174680,465,152.00$216,744,111.00
Aragon$ANT3.32.5522114,817,142.00$114,665,782.00
Balancer$BAL13.114.4607742,620,703.00$122,960,629.00
Bancor$BNT0.7473761.4139638,089,489.00$51,837,856.00
Cardano$ADA0.1041193.34881323,184,767.00$3,242,938,664.00
Chainlink$LINK12.613.93363652,779,265.00$4,960,569,210.00
Compound$COMP121.131.3858940,863,493.00$477,092,395.00
Curve Finance$CRV0.8103585.775188,815,221.00$98,838,984.00
Dai$DAI1-0.34916106,897,056.00$1,016,205,568.00
Kyber Network$KNC0.9462376.7283727,293,603.00$189,774,578.00
Loopring$LRC0.1839164.1731833,720,136.00$218,010,627.00
Maker$MKR518.920.8336233,037,439.00$472,244,237.00
Meta$MTA1.48-3.395726,408,572.00$15,506,848.00
mStable USD$mUSD10.0834431,341.00$38,958,720.00
Ren$REN0.3252916.8612644,338,158.00$287,449,276.00
Reserve Rights$RSR0.0174530213.8618558,981,173.00$163,558,026.00
Stellar$XLM0.0820732.10771122,660,792.00$1,720,953,402.00
Synthetix$SNX4.416.6407565,987,436.00$582,156,142.00
Tezos$XTZ2.093.5116586,456,105.00$1,567,010,975.00
Universal Market Access$UMA8.18-1.3196714,575,649.00$453,978,575.00
yearn.finance$YFI18688.776.17516518,732,149.00$563,974,809.00

Economic Calender

Plenty of fodder in the data the next 24 hours, with US Retail sales an important indicator at the moment as well as central bank governor speeches in multiple jurisdictions.

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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