Bitcoin and Digital Asset Prices Drop - Mine Digital
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Bitcoin and Digital Asset Prices Drop

August 26, 2020 • 
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As equities make a new all-time high digital assets including Bitcoin have been hammered overnight. The US Feds Powell will discuss new policy to target inflation tommorow.

Morning Traders,

It’s been a sad 24 hours for digital assets, with broad selling that included major digital assets.

Traditional markets were bid back through all-time highs with the USD reversal faltering, potentially with US Fed chair Powell coming out Thursday to discuss an inflation target for the Fed to avoid deflation.

We have to presume that there is a potential for the USD through the low and bitcoin/gold bid back on depending on what is in the speech.

Bitcoin

BTC is incredibly bearish in and of itself, having broken back down below key levels.

Bitcoin last traded at $11,370

24 hr high: $ 11,789

24 hr low: $ 11,114

Bitcoin USD Chart

Ethereum

Eth followed Bitcoin lower, after outperforming it recently.

Eth last traded at $382

24 hr high: $ 410

24 hr low: $ 369

Ethereum USD Chart

Digital Assets

There has been broad selling across the digital asset space with Aave and Reserve Rights holding up.

  • Aave: $ 0.74
  • Algorand: $ 0.56
  • Cardano: $ 0.1135
  • Chainlink: $ 14.29
  • Compound: $ 168
  • Maker: $ 637
  • Ren: $ 0.40
  • Reserve Rights: $ 0.028
  • Stellar: $ 0.098
  • Synthetix: $ 5.83
  • Tezos: $ 3.44

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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