Bitcoin Price and Trading Report: October 6th - Mine Digital
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Bitcoin Price and Trading Report: October 6th

October 6, 2020 • 
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While still low vol., bitcoin has traded to significant decision-making levels and is a chance of breaking higher. Digital assets were sold.

Morning Traders,

With Donald Trump leaving his medical facility today, markets were stronger overnight. With this price action came some discussion of Biden’s presidency actually being bullish for markets (very similar policy is expected from either presidency) and we have to wonder if those promised tax hikes of his would eventuate (answer: probably not and not without overwhelming counterbalancing).

Gold traded higher and bitcoin was also trading higher.

Bitcoin

Bitcoin has spent the last couple of hours at the top of a range. There is a decision to be made on if the market is ranging/consolidating or whether the market breaks higher, in this case likely trading to around $11k

BTC last traded at $10,759

24 hr high: $ 10,805

24 hr low: $ 10,620

BTC/USD Chart

Ethereum

Ethereum is the more concerning chart of the two major assets, trading against the lower bound of its consolidation looking much weaker.

24 hr high: $ 356

24 hr low: $ 348

ETH/USD Chart

Digital Assets

Many DeFi assets are still weak, with a significant negative bias to asset price moves overnight.

AssetCodePrice (USD)24hr Change (%)VolumeMarket Capitalisation
Aave$LEND0.522155-2.532866,814,645.00$653,999,085.00
Algorand$ALGO0.3176251.73623119,333,344.00$254,825,730.00
Aragon$ANT3.540.6627614,307,621.00$122,750,192.00
Balancer$BAL15.95-2.4463541,464,764.00$130,818,590.00
Bancor$BNT1.14-2.8051475,507,497.00$75,270,083.00
Cardano$ADA0.097044-0.43063389,911,722.00$3,015,410,089.00
Chainlink$LINK9.591.73163628,839,212.00$3,704,068,941.00
Compound$COMP122.582.1999738,380,333.00$405,678,218.00
Curve Finance$CRV0.628118-10.439245,747,661.00$46,352,637.00
Dai$DAI1.01-0.1825567,660,365.00$868,490,702.00
Kyber Network$KNC0.9329640.7855434,328,438.00$184,546,972.00
Loopring$LRC0.1925-4.4997275,299,122.00$225,485,082.00
Maker$MKR563.2-1.3517531,501,274.00$513,319,859.00
Meta$MTA2.92-10.4298721,806,879.00$16,824,745.00
mStable USD$mUSD0.995685-0.054531,732,268.00$36,140,082.00
Ren$REN0.250347-7.4274948,659,879.00$220,221,831.00
Reserve Rights$RSR0.00907868-5.2457920,555,429.00$84,132,725.00
Stellar$XLM0.073211-0.04568118,495,172.00$1,515,350,555.00
Synthetix$SNX4.18-6.276821,172,294.00$520,118,614.00
Tezos$XTZ2.141.237961,813,591.00$1,548,852,489.00
Universal Market Access$UMA7.120.9339115,838,500.00$391,850,493.00
yearn.finance$YFI18887.34-4.18947552,172,851.00$566,113,453.00

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