Bitcoin Price and Trading Report: October 23rd - Mine Digital
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Bitcoin Price and Trading Report: October 23rd

October 23, 2020 • 
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Digital assets are mostly trading higher overnight following the bullish lead from the bitcoin price. We expect the trend to develop further.

Morning Traders,

US Equity markets are trading both ways, potentially easing into a longer-term period of consolidation. US Dollar has been weak with the move in bitcoin although gold has not done a lot so far itself.


The IMF were speaking about a new Bretton Woods moment, and it is this kind of chat that we signalled a lot earlier in the year as significant in the future of money.

Bitcoin

With the USD being bearish through the rally in bitcoin we watch today for the market to take a breather, which could propel it another leg higher in due time. It could be time to cool the jets when the all time high is seen to be a potential target.

Bitcoin last traded at $12,997

24 hr high: $ 13,208

24 hr low: $ 12,686

Bitcoin USD Chart

Ethereum

Ethereum is also trading higher overnight with bitcoin although bitcoin dominance is beginning to move higher.

24 hr high: $ 421

24 hr low: $ 390

Ethereum USD Chart

Digital Assets

Most digital assets performed strongly overnight with the strength in bitcoin becoming strength in digital assets.

AssetCodePrice (USD)24hr Change (%)VolumeMarket Capitalisation
Aave$LEND0.3780477.563987,791,662.00$87,947,412.00
Algorand$ALGO0.3149894.8340369,139,466.00$253,083,400.00
Aragon$ANT3.144.4957415,898,846.00$108,867,217.00
Balancer$BAL12.815.5897728,146,787.00$104,938,015.00
Bancor$BNT0.9660870.1632351,880,091.00$63,666,637.00
Cardano$ADA0.110645.20326464,547,846.00$3,447,675,218.00
Chainlink$LINK11.9410.658291,001,087,509.00$4,639,417,745.00
Compound$COMP101.526.8877133,987,029.00$392,209,726.00
Curve Finance$CRV0.4078067.8558525,324,132.00$41,075,671.00
Dai$DAI0.998911-0.60998240,361,233.00$920,330,295.00
Kyber Network$KNC0.9418062.102425,454,285.00$186,297,530.00
Loopring$LRC0.1698392.5799861,206,552.00$200,797,496.00
Maker$MKR595.95.2825440,251,380.00$541,916,563.00
Meta$MTA1.251.477457,622,257.00$10,741,986.00
mStable USD$mUSD0.990996-0.06158889,071.00$37,104,411.00
Ren$REN0.3363393.4137863,743,711.00$296,873,842.00
Reserve Rights$RSR0.0144597813.50205112,418,287.00$135,608,481.00
Stellar$XLM0.0850742.19872162,383,356.00$1,776,143,826.00
Synthetix$SNX3.910.6303950,415,311.00$494,574,192.00
Tezos$XTZ2.193.29018101,339,439.00$1,596,063,392.00
Universal Market Access$UMA8.120.0603516,876,735.00$449,206,016.00
yearn.finance$YFI13621.173.04586205,622,901.00$408,710,110.00

Economic Data

The US presidential debate is on tonight which is probably the main event. Whether this has the potential to move markets is up for question.

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