Bitcoin Price and Trading Report: November 25th - Mine Digital
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Bitcoin Price and Trading Report: November 25th

November 25, 2020 • 
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Bitcoin Price
Risk was bid again overnight with oil up a lot and gold even lower. Bitcoin price is hovering around all-time highs.

Morning Traders,

Risk was bid overnight with oil up a lot, crypto traded higher yesterday. equities were strong and gold sold off.

It looks like the start of an enormous embrace of risk in markets and there is also inside information on the Biden teams fiscal expenditure policy hidden within the market pricing. It is mostly the oil price that is suggesting an enormous fiscal expenditure.

It is strange timing at the end of the year, where December is often quiet and illiquid on top of some strange conditions that already exist in markets.

Bitcoin

Bitcoin sits just shy of its all-time high at present, enticing long positions although will perhaps take a little more time than expected (or blow all the way through at a strange time). In any case, exciting things going on in the worlds most exciting new industry, new asset and with almost perfect macro-conditions.

BTC last traded at $19,144

24 hr high: $ 19,442

24 hr low: $  18,068

BTC/USD Chart

Ethereum

Eth has been on a good run and trading a number of Doji’s on the 4hr chart showing great indecision in the asset at the highs. With the new contract fully funded there is interest in the rollout of the Eth 2.0 contract.

24 hr high: $ 623

24 hr low: $ 587

ETH/USD Chart

Digital Assets

After a tremendous period the 24 hr beforehand it was a mixed bag for digital assets overnight with most eyes on Bitcoin. Stellar has finally found reason to outperform with the neglected asset having a huge move.

AssetCodePrice (USD)24hr Change (%)VolumeMarket Capitalisation
Aave$LEND0.672312-5.6696818,761,303.00$76,675,521.00
Algorand$ALGO0.3506135.66493254,168,532.00$281,283,988.00
Aragon$ANT4.03-2.8462333,366,172.00$140,808,341.00
Balancer$BAL15.96-8.1660361,501,835.00$155,367,361.00
Bancor$BNT1.1-2.7752962,530,148.00$93,414,700.00
Cardano$ADA0.1644798.108052,031,857,911.00$5,117,340,004.00
Chainlink$LINK15.492.2251,873,348,599.00$6,096,604,363.00
Compound$COMP1261.1695180,329,277.00$497,936,890.00
Curve Finance$CRV0.672126-8.2795280,050,230.00$89,172,159.00
Dai$DAI0.999601-0.12079177,487,171.00$1,040,327,444.00
Kyber Network$KNC1.11.3073558,360,510.00$219,807,135.00
Loopring$LRC0.215459.122370,691,195.00$255,645,995.00
Maker$MKR598.880.1214952,974,106.00$544,282,019.00
Meta$MTA1.46-8.6234725,926,840.00$15,411,749.00
mStable USD$mUSD0.997383-0.3088801,770.00$33,627,833.00
Ren$REN0.366924-0.6056374,210,161.00$322,837,566.00
Reserve Rights$RSR0.023154983.04022107,906,564.00$216,448,206.00
Stellar$XLM0.1826540.79923,496,765,000.00$3,853,191,293.00
Synthetix$SNX5.17-3.8380184,781,612.00$685,230,846.00
Tezos$XTZ2.631.65904354,041,712.00$1,973,881,404.00
Universal Market Access$UMA8.854.7666623,882,255.00$491,355,179.00
yearn.finance$YFI23700-3.60619706,581,744.00$711,094,543.00

Economic Calendar 

Economic data should be taken in the context of markets looking for excuses to add risk until they stop buying everything.

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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