Here's the Two-Way! - Mine Digital
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Here’s the Two-Way!

September 11, 2020 • 
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Markets are getting two-way action after trending for most of 2020. We wonder if gold,bitcoin and maybe USD are bid when the selling stops?

Morning Traders,

Markets are proving to be trickier than they have been so far this year, trading both ways with good shakeouts. The counter-trend (to sell risk) is still intact but is likely to do some weird things with expected policy interventions (markets possibly don’t do much where it seems like they should), but we should take note of inflation/deflation.

Bitcoin

Bitcoin has been trading higher very slowly and squeezing a lot. With big levels on the downside from 9500-9800 and large orders in the book it would be interesting to see another attempt through the low. The upside levels are obvious – $10,600 and then the higher at 12k.

Bitcoin last traded at $10,315

24 hr high: $ 10,495

24 hr low: $ $10,220

BTC/USD Chart

Ethereum

Where Ethereum had lagged originally it is starting to look like the more promising asset between the two majors.

24 hr high: $ 378

24 hr low: $ 350

ETH/USD Chart

Digital Assets

Some mixed results overnight, but some of the more significant results were YFI’s outperformance over Aave and Polkadot slowing down a little compared to other tokens.

AssetCodePrice (USD)24hr Change (%)VolumeMarket Capitalisation
Aave$LEND0.682786-0.071139,901,636.00$857,121,767.00
Algorand$ALGO0.4122631.3203226,889,820.00$331,832,145.00
Aragon$ANT4.590.4880540,810,554.00$159,609,830.00
Balancer$BAL20.97-2.0931261,027,701.00$160,933,442.00
Bancor$BNT1.17-2.1017953,747,431.00$77,175,763.00
Cardano$ADA0.0970963.26917673,559,316.00$3,018,611,712.00
Chainlink$LINK12.50.204996,191,923,228.00$4,838,022,490.00
Compound$COMP172.28-3.7043169,918,147.00$571,810,776.00
Curve Finance$CRV1.97-1.6525490,667,275.00$83,240,701.00
Dai$DAI1.030.08929158,984,986.00$461,378,638.00
Kyber Network$KNC1.230.1823345,162,471.00$242,203,444.00
Loopring$LRC0.24491813.48809118,987,910.00$292,720,754.00
Maker$MKR531.880.69844,930,060.00$479,912,636.00
Meta$MTA4.01-9.037887,070,857.00$18,728,446.00
mStable USD$mUSD0.995698-0.23431,493,752.00$21,931,943.00
Ren$REN0.322964-1.1726546,517,004.00$284,152,013.00
Reserve Rights$RSR0.01734903-5.3362548,017,461.00$119,940,499.00
Stellar$XLM0.0809782.76042145,931,467.00$1,673,133,994.00
Synthetix$SNX5.6212.3779677,861,744.00$667,628,453.00
Tezos$XTZ2.580.36979145,062,658.00$1,864,250,709.00
Universal Market Access$UMA16.883.1188734,968,141.00$925,010,072.00
yearn.finance$YFI3361618.73731563,214,001.00$1,008,044,117.00

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