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

October 16, 2020 • 
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Markets wanted to sell overnight but volatility also sold allowing retracement. Digital assets were weak and the bitcoin price has ranged.

Morning Traders,

Markets traded both ways overnight, looking like they are bearish but will still sell volatility. There has been a general trim of volatility across the board as stimulus talks simmered and the US election looks more undecided.

Bitcoin

Bitcoin is still an asset to watch, although it is death by triangle threatening larger death by much larger triangle from the technical perspective.

BTC last traded at $11,491

24 hr high: $ 11,620

24 hr low: $ 11,250

BTC/USD Chart

BITCOIN TRADE

Selecting a trade this morning could be a bit tricky – if Bitcoin breaks the grinding sell it is doing at the moment it could be worth a bid. Sitting on the offer here could be done safely with short stops .

Ethereum

Eth has been trending lower in a trend channel / flag type technical setup.

24 hr high: $ 378

24 hr low: $ 370

ETH/USD Chart

Digital Assets

Digital assets were mostly bearish overnight

AssetCodePrice (USD)24hr Change (%)VolumeMarket Capitalisation
Aave$LEND0.461378-12.104466,011,111.00$579,071,599.00
Algorand$ALGO0.314395-3.2296594,367,580.00$252,140,613.00
Aragon$ANT3.27-4.1932910,913,494.00$113,159,578.00
Balancer$BAL13.98-2.2334321,856,464.00$114,625,795.00
Bancor$BNT1.23-3.5897460,670,918.00$80,808,745.00
Cardano$ADA0.106511-0.81462392,762,149.00$3,311,800,040.00
Chainlink$LINK10.72-1.51915641,161,362.00$4,154,128,519.00
Compound$COMP107.17-0.4495427,458,118.00$355,609,264.00
Curve Finance$CRV0.498025-2.3842725,080,227.00$44,750,073.00
Dai$DAI1.01-0.32656104,946,581.00$914,862,027.00
Kyber Network$KNC0.931251-1.1526226,626,916.00$183,713,031.00
Loopring$LRC0.1810340.120274,839,739.00$215,035,850.00
Maker$MKR559.26-3.2588327,894,575.00$509,095,053.00
Meta$MTA2.29-9.971117,770,596.00$13,211,146.00
mStable USD$mUSD0.996695-0.13539931,829.00$40,277,148.00
Ren$REN0.357973-6.4961483,384,025.00$315,147,824.00
Reserve Rights$RSR0.01133422-7.782538,635,506.00$105,960,944.00
Stellar$XLM0.073679-0.62768102,240,960.00$1,531,899,780.00
Synthetix$SNX3.95-7.9989239,189,689.00$494,267,955.00
Tezos$XTZ2.24-1.7077582,887,361.00$1,629,315,061.00
Universal Market Access$UMA8.16-1.7865511,553,659.00$450,589,814.00
yearn.finance$YFI14674.851.74824304,622,400.00$438,578,560.00

Economic Calender

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