Digital Assets Weak - Mine Digital
Knowledge

Digital Assets Weak

August 19, 2020 • 
Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
Spread the word
Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Digital assets did very little overnight as Bitcoin was weak. Traditional markets were also very quiet in a lull across markets.

Morning Traders,

Bitcoin was soft overnight, retracing its break-out move. USD made a significant move by trading beneath its double-bottom and still looks like an unwanted asset and gold retraced but bounced back at the end of the session.

Risk was sold priced in gold and bought in USD again but the USD equity market has had all of the volatility taken out of it

With the Fed put, volatility is likely taken out of this market and instead found in currencies and money, but trading back at USD high’s in the S&P500 is still significant.

Bitcoin

Bitcoin has really dragged its feet since May given the circumstances and retests the major level at $12k at the time of writing.

Bitcoin is especially weak when compared to Ethereum today.

Bitcoin last traded at $11,980

24 hr high: $ 12,448

24 hr low: $ 11,824

Bitcoin USD Chart

Ethereum

Although the false break through the high on Eth does not look great, the double-bottom has still held at this point and Eth has held up far greater than Bitcoin which is also quite encouraging for the asset.

Eth last traded at $ 422

24 hr high: $ 440

24 hr low: $ 413

Ethereum USD Chart

Digital Assets

Chainlink has come off a little from its high as expected and with nothing to worry about here, but almost all digital assets were down overnight.

  • Aave: $ 0.584
  • Algorand: $ 0.559
  • Cardano: $0.137
  • Chainlink: $ 16.19
  • Compound: $ 185
  • Maker: $ 675
  • Ren: $ 0.525
  • Reserve Rights: $ 0.025
  • Stellar: $ 0.109
  • Synthetix: $ 6
  • Tezos: $ 3.83
  • yearn.finance: $ 9,738

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.

Written By
Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email

Sign up

Never miss a thing! Sign up to
The Knowledge Mine Digital’s newsletter on all things Crypto