Markets Change Tone, Digital Assets Rebound - Mine Digital
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Markets Change Tone, Digital Assets Rebound

August 4, 2020 • 
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Digital assets have rebounded from the fall over the weekend with Ren and Reserve Rights both performing well. Risk and USD were bid overnight.

Morning Traders,

Overnight we saw an interesting change in markets with the U.S. dollar up Friday and ending up marginally higher overnight but with risk assets bid simultaneously.

Digital assets are mostly higher overnight after taking a beating when the bottom fell out of bitcoin over the weekend.

Bitcoin

Bitcoin itself has been sold off in the last 2 hours and is not a bad place to bid for bulls, as it is easy to see the asset bid back to highs without the baggage of the entire market long.

Bitcoin last traded at $11,225

24 hr high: $ 11,477

24 hr low: $ 10,935

Bitcoin USD Chart

Ethereum

Eth is still in an aggressive bullish arc that could reasonably be tempered after hitting $415 at its high. The asset is soon releasing its 2.0 testnet update which could go both ways for the assets pricing.

24 hr high: $ 398

24 hr low: $ 367

Ethereum USD Chart

Digital Assets

Digital assets have recovered overnight with Chainlink putting in a few good days in a row. Ren and Reserve Rights were both around 17% higher.

  • Aave: $ 0.314
  • Algorand: $ 0.311
  • Cardano: $ 0.137
  • Chainlink: $ 8.82
  • Compound: $
  • Maker: $ 599.22
  • Ren: $ 0.214
  • Reserve Rights: $ 0.0124
  • Stellar: $ 0.1059
  • Synthetix: $ 4.16
  • Tezos: $ 3.02
 
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