Bitcoin Price and Trading Report: September 29th - Mine Digital
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Bitcoin Price and Trading Report: September 29th

September 29, 2020 • 
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The bitcoin price is lower this morning with Ethereum following. Digital assets have had mixed results after risk was bid overnight.

Morning Traders,

Risk continued to attract a bid last night in a short squeeze which we expect to see back through the level at 3431 in the S&P500 – this would complete the 1. overbought bull market, 2. a retracement and the start of short positioning and 3. a squeeze of those short positions.

After this is complete we expect the market to have zombification, potentially have a downside bias and selling volatility. There is also significant event risk in markets at the moment.

Digital assets have been strong with risk while BTC showed early promise but has since slowed down.

Bitcoin

BTC had recovered well from its sell-off where it almost hit $10,100 but with little follow-through. Some traders are saying that it will never trade lower than $10,000 ever again!

With the USD and S&P500 moving around there might be little movement until that trading is wrapped up.

BTC last traded at $10,762

24 hr high: $ 10,950

24 hr low: $ 10,725

BTC/USD Chart

Ethereum

Eth last traded at $356

24 hr high: $ 368

24 hr low: $ 354

Ethereum USD Chart

Digital Assets

There are mixed results in digital assets overnight, biased to the upside.

AssetCodePrice (USD)24hr Change (%)VolumeMarket Capitalisation
Aave$LEND0.5716532.031427,652,253.00$728,504,161.00
Algorand$ALGO0.3303865.7038259,144,820.00$267,863,998.00
Aragon$ANT3.422.3973525,134,786.00$119,865,589.00
Balancer$BAL15.534.0448952,749,969.00$128,266,583.00
Bancor$BNT1.028.6624565,499,322.00$67,192,975.00
Cardano$ADA0.1007070.2475513,036,298.00$3,142,948,502.00
Chainlink$LINK10.39-2.74091865,051,819.00$4,056,385,288.00
Compound$COMP131.81-4.1704650,699,862.00$437,555,799.00
Curve Finance$CRV1.02-0.2904652,965,770.00$66,097,173.00
Dai$DAI1.01-0.3657199,616,036.00$913,073,828.00
Kyber Network$KNC10.2857836,589,898.00$199,195,854.00
Loopring$LRC0.2316148.1159276,181,093.00$276,777,149.00
Maker$MKR519.243.7477840,185,847.00$470,922,877.00
Meta$MTA2.43-9.5888818,545,288.00$13,495,171.00
mStable USD$mUSD0.986241-0.73148959,384.00$28,973,032.00
Ren$REN0.226353-3.5037139,624,692.00$202,626,207.00
Reserve Rights$RSR0.01070176-8.1723240,435,588.00$99,766,733.00
Stellar$XLM0.0742131.65141115,281,455.00$1,541,386,190.00
Synthetix$SNX4.95-3.5689667,298,338.00$617,310,195.00
Tezos$XTZ2.285.2235109,116,832.00$1,660,941,754.00
Universal Market Access$UMA10.192.8349919,793,116.00$565,420,951.00
yearn.finance$YFI29057-3.2422428,867,918.00$872,587,901.00

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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