Ethereum has been one of the major benefactors of the bull market the last 24 hours, and bitcoin is starting to reach higher as well. There has been a rotation of assets being bid the last 48 hours with bull market bubble type moves now in many assets – which is not to say that the action does not continue.
It was another bullish night overnight in US equities after we sounded a warning on these prices in our monthly report yesterday. Whatever is going on in the mechanics of this equity rally, eventually somebody is in trouble somewhere.
Does it become a full zombie market, doubling and tripling in the next 12 months? Potentially. However the first major stop for potential selling is here, in our view.
Bitcoin reached as high as $12,065 and looks ready to rip some faces itself. BTC last traded at $ 11,998
24 hr high: $ 12,065
24 hr low: $ 11,515
Ethereum has had a persistent bid, recently touching the high of its trend-channel but expected to trade all the way through and bitcoin to follow.
24 hr high: $ 489
24 hr low: $ 429
Some new assets have been bid the last couple of days and it suggests a potential Chinese involvement in the bidding of digital assets with NEM and TRON getting some good bids recently.
|Asset||Code||Price (USD)||24hr Change (%)||Volume||Market Capitalisation|
|Universal Market Access||$UMA||26.66||18.75701||144074498||1453923792|
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.