Traders Update 3rd July - Mine Digital
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Traders Update 3rd July

July 3, 2020 • 
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Morning Traders,

Bitcoin

There are 2 main questions for Bitcoin right now. One is whether the activities in Hong Kong change things for the asset. Chinese leadership will likely attempt to control markets during this time to ‘prove’ their strategy, although if they do lose the Hong Kong Dollar and/or the Yuan it will be an interesting question posed to Bitcoin.

The immediate question is whether this inverse head and shoulders is a fake pattern like the last one.

Bitcoin last traded at $9,126

24 hr high: $ 9,268

24 hr low: $ 8,938

Bitcoin USD Chart

This image has an empty alt attribute; its file name is BTCUSD1-1024x574.png

Ethereum

Ethereum is making the same moves as Bitcoin, but with greater downside potential in the case that the assets are rolling over.

Eth last traded at $227.52

24 hr high: $ 232.19

24 hr low: $ 222.88

Ethereum USD Chart

This image has an empty alt attribute; its file name is ETHUSD1-1024x566.png

Alt Coins

The shine has come off of Compound a little and Reserve Rights has also overperformed overnight. Synthetix is strong and Cardano, Ren and ChainLink are up a little.

  • Aave: $ 0.142
  • Algorand: $ 0.2058
  • Cardano: $ 0.0947
  • Chainlink: $ 4.80
  • Compound: $ 183.05
  • Maker: $ 434.70
  • Ren: $ 0.151
  • Reserve Rights: $ 0.0065
  • Stellar: $ 0.068
  • Synthetix: $ 2.44
  • Tezos: $ 2.34
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