Bitcoin Price and Trading Report: September 14th - Mine Digital
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Bitcoin Price and Trading Report: September 14th

September 14, 2020 • 
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Digital assets are volatile both ways in an environment where risk assets in capital markets are mostly doing the opposite. Bitcoin price is stable.

Morning Traders,

Digital assets whipsawed significantly over the weekend, rebounding from lows until Saturday before selling off overnight Sunday.

The broader environment in markets and especially risk assets is likely to be one of confusion as the zombification of markets sets in after unprecedented intervention in markets – as well as the longer-term affect of creating feedback loops between the markets price-seeking mechanism and the interventionist actions of policy-makers.

We had suggested selling volatility in assets last week after it had spiked before assets sold-off and continue to suggest that volatility in assets is not likely to emerge – we are in favour of movement in USD/Gold/Silver/Commodities and Bitcoin. USD is expected to appreciate in a deflationary environment – but as we have seen the US Fed has promised an inflationary environment (probably to escape enormous piles of debt) and purchase assets, devalue the dollar and give a haircut of sorts to debt holders rather than creating rolling defaults.

Bitcoin

Bitcoin remains an asset lacking in volatility, trading higher over the weekend but fading afterwards. BTC last traded at $10,309

24 hr high: $ 10,575

24 hr low: $ 10,215

Bitcoin USD Chart

Ethereum

Ethereum had staged a more courageous return to buying than BTC but has also fallen harder lately. ETH last traded at $362

24 hr high: $ 390

24 hr low: $ 353

Ethereum USD Chart

Digital Assets

There had been an encouraging bid in digital assets earlier in the weekend before being hammered overnight. It does paint a picture that resists analysis, having swung hard both ways. So we have volatility here, while expecting less volatility in risk assets.

AssetCodePrice (USD)24hr Change (%)VolumeMarket Capitalisation
Aave$LEND0.685563-9.996089,612,940.00$861,893,137.00
Algorand$ALGO0.374347-7.50367197,128,400.00$300,902,121.00
Aragon$ANT4.92.8915565,579,678.00$169,759,138.00
Balancer$BAL22.16-8.6788796,894,806.00$170,024,037.00
Bancor$BNT1.11-5.6573648,709,453.00$73,249,170.00
Cardano$ADA0.094363-3.34688636,863,294.00$2,935,869,314.00
Chainlink$LINK11.93-7.53088901,658,065.00$4,597,316,947.00
Compound$COMP163.67-9.4578668,052,834.00$541,983,343.00
Curve Finance$CRV1.86-11.3646584,774,695.00$87,046,441.00
Dai$DAI1.02-0.79039159,933,323.00$473,574,094.00
Kyber Network$KNC1.21-8.716343,299,629.00$238,348,431.00
Loopring$LRC0.251585-3.2154360,679,179.00$299,009,301.00
Maker$MKR494.25-3.6579464,844,776.00$445,523,698.00
Meta$MTA3.76-11.3605825,154,141.00$17,548,177.00
mStable USD$mUSD0.996623-0.908271,559,587.00$25,633,130.00
Ren$REN0.313266-6.0732646,501,741.00$276,489,635.00
Reserve Rights$RSR0.01689787-6.9935750,951,186.00$114,704,692.00
Stellar$XLM0.080048-4.90966123,898,964.00$1,647,056,139.00
Synthetix$SNX5.29-14.1495667,583,765.00$627,006,928.00
Tezos$XTZ2.58-0.33873166,495,050.00$1,871,807,433.00
Universal Market Access$UMA17-10.4670929,364,703.00$933,417,529.00
yearn.finance$YFI36433-13.96017635,255,258.00$1,092,657,069.00

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