Bitcoin Price and Trading Report: November 4th - Mine Digital
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Bitcoin Price and Trading Report: November 4th

November 4, 2020 • 
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With everybody watching the US election today, the options are not so much Trump/Biden as they are result/no-result.

Morning Traders,

With everybody watching the results of the US election today, markets recovered on low volumes with low liquidity. Gold and oil both traded higher.

Low-liquidity momentum plays are likely to continue with trading back to normal 2-3 days after the result. If there is no clear result then you might expect the market to be offered until things clear up.

Bitcoin

Bitcoin was trading back over $14k in its latest run, trading off of its 30 MA on the 4hr chart.

BTC last traded at 13980

24 hr high: $ 14,084

24 hr low: $ 13,287

BTC/USD Chart

BITCOIN TRADE

It’s difficult to ignore the momentum in Bitcoin as a trader, with the asset unable to trade lower and test the levels. Risk could be difficult to control if positions are allowed to go offside.

Ethereum

Eth is still trading a little muted compared to BTC and the asset last traded at $389.

24 hr high: $ 390.60

24 hr low: $ 370.43

ETH/USD Chart

Digital Assets

Digital assets are weak across the board, looking like bitcoin is still impacting alt coin prices. Some good long-term investing opportunities are around at these prices.

AssetCodePrice (USD)24hr Change (%)VolumeMarket Capitalisation
Aave$LEND0.281123-5.065737,419,957.00$48,322,698.00
Algorand$ALGO0.230906-6.036852,980,407.00$185,437,917.00
Aragon$ANT2.85-5.5706314,946,652.00$98,574,071.00
Balancer$BAL8.9-2.3531916,357,052.00$73,284,970.00
Bancor$BNT0.569148-5.2849326,112,576.00$38,058,424.00
Cardano$ADA0.0935530.87601400,481,315.00$2,910,671,902.00
Chainlink$LINK10.43-3.76283886,139,251.00$4,073,597,025.00
Compound$COMP86.79-4.8279232,343,986.00$338,605,264.00
Curve Finance$CRV0.353954-2.0751816,677,641.00$38,739,527.00
Dai$DAI1.010.2945989,714,520.00$962,173,471.00
Kyber Network$KNC0.73924-3.8727315,818,003.00$146,287,800.00
Loopring$LRC0.133052-3.676722,715,790.00$158,285,319.00
Maker$MKR518.07-1.1203128,863,081.00$471,932,412.00
Meta$MTA0.859402-11.474954,192,330.00$7,423,936.00
mStable USD$mUSD10.468561,334.00$38,469,144.00
Ren$REN0.2584362.6778535,585,487.00$227,596,860.00
Reserve Rights$RSR0.01055891-2.568859,323,575.00$98,702,617.00
Stellar$XLM0.075099-0.85024108,718,082.00$1,569,538,932.00
Synthetix$SNX2.56-2.9145821,322,623.00$334,696,010.00
Tezos$XTZ1.87-1.4992282,274,301.00$1,403,311,631.00
Universal Market Access$UMA6.58-4.279898,713,675.00$364,454,059.00
yearn.finance$YFI9453.41-6.91236196,614,600.00$283,602,396.00

Economic Calender

The big news today is obviously the US election. The result is probably not best thought of as Trump/Biden but as result/no-result.

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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