Bitcoin Price and Trading Report: October 30th - Mine Digital
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Bitcoin Price and Trading Report: October 30th

October 30, 2020 • 
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Bitcoin price traded higher unexpectedly as other digital assets were hit hard. A big question is whether this momentum in BTC continues.

Morning Traders,

With things getting weird before the election, particularly with the potential for a stalemate, we saw a retracement in the S&P500, a big fall in Brent oil and gold is still trading lower as the USD shortly either makes a last hurrah or trades significantly higher.

Bitcoin

Bitcoin remains a strong asset and can justifiably trade around here. On the one hand it is breaking out, performing strongly against risk assets and gaining momentum and on the other it could be difficult to imagine institutional buyers chasing the market higher – these moves are unusual in traditional markets.

BTC last traded at $13,486

24 hr high: $ 13,649

24 hr low: $ 12,994

BTC/USD Chart

BITCOIN TRADE

The most promising BTC trade we can see here is for the market to break lower and fading the move for a break higher.

Ethereum

Ethereum has not traded higher with BTC, but looks a great spot to bid at present.

24 hr high: $ 394

24 hr low: $ 380

ETH/USD Chart

Digital Assets

Many digital assets traded lower overnight in the bitcoin move.

AssetCodePrice (USD)24hr Change (%)VolumeMarket Capitalisation
Aave$LEND0.290332-9.411596,991,769.00$52,764,816.00
Algorand$ALGO0.256669-6.8079872,234,349.00$206,313,722.00
Aragon$ANT3.02-2.1650819,341,575.00$105,515,532.00
Balancer$BAL10.38-3.7165319,209,963.00$85,153,444.00
Bancor$BNT0.625827-9.3903146,961,171.00$41,235,011.00
Cardano$ADA0.095404-3.70519469,836,575.00$2,971,056,454.00
Chainlink$LINK11.29-1.50247931,250,801.00$4,403,972,775.00
Compound$COMP96.21-10.9897938,076,782.00$373,804,431.00
Curve Finance$CRV0.44525-9.8156150,255,906.00$46,388,646.00
Dai$DAI1.010.0435131,464,458.00$946,280,599.00
Kyber Network$KNC0.816555-4.612516,350,102.00$161,629,182.00
Loopring$LRC0.130872-8.4864350,411,690.00$155,776,376.00
Maker$MKR534.22-1.8960835,219,955.00$485,964,406.00
Meta$MTA1.01-19.0947,326,707.00$8,712,046.00
mStable USD$mUSD0.997795-0.116391,327,205.00$40,416,985.00
Ren$REN0.256866-7.6255532,233,738.00$226,462,548.00
Reserve Rights$RSR0.01184971-14.6372359,281,982.00$110,686,516.00
Stellar$XLM0.077483-1.47443126,378,981.00$1,619,347,150.00
Synthetix$SNX3.28-9.2759937,522,698.00$428,425,756.00
Tezos$XTZ1.94-3.3206780,571,336.00$1,449,608,394.00
Universal Market Access$UMA7.210.6109618,801,377.00$399,403,003.00
yearn.finance$YFI10878.19-13.65731272,922,847.00$327,050,326.00

Economic Calender

Some of the Euro data will be of interest to markets after this weeks plunge lower.

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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