Bitcoin Price and Trading Report: October 28th - Mine Digital
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Bitcoin Price and Trading Report: October 28th

October 28, 2020 • 
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We saw a leg higher in the bitcoin price overnight but without a lot of enthusiasm following in Ethereum. We may see the swing-high shortly.

Morning Traders,

Markets continued on their path overnight, with equities weak, dollar down and bitcoin continuing to perform.

Bitcoin

Bitcoin is still the star of the show, almost touching major levels around $14k overnight. We expect that this initial move will be finished when it breaks above that.

BTC last traded at $13,634

24 hr high: $ 13,788

24 hr low: $ 13,057

BTC/USD Chart

BITCOIN TRADE

Bitcoin is still tricky to take a firm view on here- yesterday we thought that there would be more consolidation at the previous levels before trading higher but it is in a hurry and is now looking like more to go in the asset. At this stage it may just slide higher into the critical level and break above it to finalise this incredible run.

Ethereum

Eth did not have the same type of break-out on the most recent bullish leg, leading us to believe that it is nearing the high of the move across the space. We still expect to see Bitcoin break higher after which things may settle down.

24 hr high: $ 411

24 hr low: $ 390

ETH/USD Chart

Digital Assets

Digital assets have had mixed results overnight with Curve being a major outperformer on the day.

AssetCodePrice (USD)24hr Change (%)VolumeMarket Capitalisation
Aave$LEND0.348667-3.749137,460,979.00$67,113,150.00
Algorand$ALGO0.284608-2.5598566,739,807.00$229,170,018.00
Aragon$ANT3.3210.6589129,052,513.00$115,944,927.00
Balancer$BAL12.092.8171226,343,471.00$98,950,658.00
Bancor$BNT0.840817-3.4503631,110,496.00$55,959,635.00
Cardano$ADA0.102564-0.71539449,339,636.00$3,197,543,435.00
Chainlink$LINK11.961.60965758,084,036.00$4,664,354,217.00
Compound$COMP109.399.129746,192,110.00$423,833,566.00
Curve Finance$CRV0.55605535.87484107,594,378.00$56,595,415.00
Dai$DAI1.010.41447127,696,205.00$952,245,028.00
Kyber Network$KNC0.8984790.6457616,205,143.00$177,733,101.00
Maker$MKR583.352.5140639,573,039.00$529,578,870.00
Meta$MTA1.2422.846578,806,336.00$10,797,547.00
mStable USD$mUSD0.99731-0.491091,057,140.00$41,745,065.00
Ren$REN0.296564-0.0339541,881,355.00$262,248,657.00
Reserve Rights$RSR0.01459592-8.2699763,669,242.00$135,753,444.00
Stellar$XLM0.0815510.25445143,384,230.00$1,704,032,153.00
Synthetix$SNX3.51-1.9516133,391,585.00$458,750,354.00
Tezos$XTZ2.08-0.9805191,631,880.00$1,556,458,599.00
Universal Market Access$UMA7.23-5.4292524,347,052.00$400,937,414.00
yearn.finance$YFI13424.46-1.7557168,916,424.00$401,998,471.00

Economic Calender

CPI in Australia might interest some market participants, especially in the context of potential QE in Australia.

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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