Markets Quiet, Watching Eth - Mine Digital
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Markets Quiet, Watching Eth

July 19, 2020 • 
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Both traditional and digital asset markets have been quieter from late last week and for digital assets, over the weekend, but a couple of standout performers.

Morning Traders,

Financial markets may have entered a bit of a zombie phase, with volatility compressing last week rather than seeing a move lower. With no appetite for 2-way trade we expect that inflows to gold and technology continue and that markets move in strange ways, probably drifting back above the high in the S&P500.

Bitcoin

Bitcoin is still trading sideways overnight. This week we are watching Ethereum as the potential lead in a move in the two major digital assets.

Bitcoin last traded at $ 9,196

24 hr high: $ 9,201

24 hr low: $ 9,106

Bitcoin USD Chart

Ethereum

Eth has ticked up a bit this morning, retracing an earlier move. We expect that Eth strength will pre-empt a move in Bitcoin, if the move is in the market.

Ethereum last traded at $ 237

24 hr high: $ 238

24 hr low: $ 233

Ethereum USD Chart

Digital Assets

Algorand and Aave were outperformers overnight, with Reserve Rights underperforming.

  • Aave: $ 0.3449
  • Algorand: $ 0.378
  • Cardano: $ 0.1237
  • Chainlink: $ 8.02
  • Compound: $ 162.89
  • Maker: $ 467.54
  • Ren: $ 0.179
  • Reserve Rights: $ 0.0122
  • Stellar: $ 0.0992
  • Synthetix: $ 3.39
  • Tezos: $ 2.97
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