Top 10 Crypto Market report: 13 February 2018

in news •  7 years ago 

The crypto market trades mostly lower on Tuesday as traders are probably taking profit after the recent rebound that started last week.

Bitcoin is down 3.37% at $8600 paring its gains in the last 7 days to 28.4%
The total cryptocurrency market cap stand at $415.65B. Far less than the highest level seen at the start of this year.

Ethereum loses 2.61% to $843.84 but it is still 27.93% up since a week ago. Ripple is down 4.35% to $0.9985 while Bitcoin Cash loses 3.55% to $1234.31 diminishing it’s weekly gain to a solid 45.71%

In other news: Cryptocurrency traders are preparing to launch a lawsuit against Tokyo-based Coincheck later this week. (See the news section below)

Top 10 - Change Since Previous Close

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Top 10 - 7 day change

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Top 10 - YTD Change

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Top 10 - Market Cap

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Total crypto market cap: 415.65 B
Bitcoin dominance: 35.02%

Bitcoin And Ethereum In The Dow Jones

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A 6.5% drop in the market cap of the Dow Jones equals to a total wipeout of the crypto space. Remember that.

Currency Table

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Precious metals

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Precious metals are gaining while crypto loses. No surprise actually.

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Silver is trimming its YTD losses to -1.78%

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One bitcoin buys 6.41 ounces of gold today. That's a slight decrease in comparisation with yesterday. And actually quite normal because gold rises

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One ethereum buys 0.63 ounce of gold.

The top was 1.05 of ounces and then it dropped hard. This is remarkable because Bitcoin did the same thing when it touched 1.05 ounces of gold back in march 2013. Watch here! Will it drop again after we touched that 50 day moving average?

Alternative data

Google Trends tracks trillions of searches per year , making it one of the most useful real-time data indicators of human interest by region and category.

Google trends: Bitcoin
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Again a decrease in interest as prices dropped

Google trends: Ethereum
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We can see the same pattern in Ethereum

Twitter @Bitcoin
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1997 new followers

Twitter @Ethereum
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1016 new followers

As you can see, Interest is picking up. If you believe that price follows interest, there’s a good probability that Bitcoin & Ethereum could test new all-time highs in the next few months.

Bitcoin Snapshot

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Ethereum Snapshot

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Ripple Snapshot

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Bitcoin Cash Snapshot

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Cardano Snapshot

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NEO Snapshot

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Stellar Snapshot

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Litecoin Snapshot

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NEM Snapshot

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IOTA Snapshot

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News

Cryptocurrency traders to launch lawsuit against Coincheck on Thursday - lawyer

A group of cryptocurrency traders will file a lawsuit against Coincheck Inc on Thursday over last month’s theft of $530 million (£382 million) in digital money from the Tokyo-based exchange, a lawyer representing the claimants said...

BOJ Kuroda says cryptocurrency won't threaten yen, largely speculative

Bank of Japan Governor Haruhiko Kuroda said on Tuesday cryptocurrencies likely won’t threaten legal tenders like the yen any time soon as they are mostly used for speculative trading, rather than as payments and settlement means...

Gold trader gets Dubai license to trade and store cryptocurrencies

Gold trader Regal RA DMCC has become the first company in the Middle East to be awarded a license by the Dubai Multi Commodities Centre (DMCC) to trade in cryptocurrencies...

CRYPTOCURRENCIES AIM TO REVOLUTIONIZE THE GAMBLING INDUSTRY

2017 was a memorable year for the crypto world. Bitcoin and other cryptocurrencies saw a significant growth and wider adoption, while numerous projects raised millions of dollars in capital via Initial Coin Offerings (ICO). Some call it the future of money, others say it’s a bubble. Whichever it turns out to be in the end, the recent upsurge in Bitcoin’s price and the whole crypto market suggests that it isn’t going anywhere soon...

Bitcoin buyers should be aware of the risks and look after themselves, top exchange CEO says

raders tempted to invest in cryptocurrencies such as bitcoin must carry the burden of responsibility, according to the CEO of a leading cryptocurrency exchange. "I think ultimately consumers need to look out for themselves, look into the fundamentals of any coin and not rely on any particular exchange to protect them from market volatility," Jesse Powell, founder and CEO of Kraken, told CNBC on Tuesday.

South Korea Considers Bitlicense-Style System for Cryptocurrency Exchange

The South Korean government is considering introducing an approval system for cryptocurrency exchanges based on the Bitlicense model, developed by the New York State Department of Financial Services...

Iceland set to use more energy mining Bitcoin than powering homes

Iceland is expected to use more energy "mining" bitcoins and other virtual currencies this year than it uses to power its homes...

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i love this post.jpg

Good thinking

  ·  7 years ago (edited)

Can tell a lot of work went in to this. Just the right amount of overview and detail and some good alternative source charts.

Interest drives value particularly resonated. I wrote a similar thought about the market as a whole just a few hours ago.
6monthsofcrypto.png
Resteemed and followed you.

Thanks mate, and yes it takes a lot of work to make this but I don't care. I like this stuff :)

Vote me please😅