Market Analysis Report

27 December 2017

MVIS-CryptoCompare Index

The MVIS njinni12 Digital Assets 10 Index has closed at 10,373.14 with a loss of 5.41% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $15,535 representing a gain of 2.7% in the last 24 hours. More than $2B worth of BTC were exchanged in the BTC/USD market representing a 38.8% share of daily volume, followed by the BTC/JPY pair that represents a 33% share.

The Ethereum price has risen by 1.5% over the past 24 hours and is currently sitting at $739, with over $280M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 25% market share of the daily trading volume.

The Bitcoin Cash price has dropped 1.5% over the last 24 hours and is currently sitting at $2782. More than $150M worth of BCH were exchanged in the BTC/USD market, which has a 15% share of daily volume.

See live charts herehere and here

Japan’s MUFG Prepares to Secure Bitcoin Adopters

Japan’s largest financial group, MUFG, is preparing a service that will secure Bitcoin adopters’ holdings against any failure or losses suffered by the cryptocurrency exchanges they use.

Bitcoin traders will need to opt-in for the service while trading at exchanges, allowing Mitsubishi UFJ Trust to monitor their accounts. The trust bank will reportedly flag suspicious activity and examine pending transactions. The report explains:

“A late-night sale of a huge amount of Bitcoins, for instance, would get flagged for inspection instead of being processed immediately."

Read more here

Segwit2x Scheduled for December 28th

Last week, the Segwit 2x team indicated that they were planning to move forward with their proposed hard fork in the coming weeks. Now, Segwit 2x lead developer Jaap Terlouw has confirmed on the project’s website that the team will finally execute the fork on December 28th.

The project’s updated roadmap now lists December 28th as the set date for the fork, and in his recent announcement, Terlouw confirmed these developments:

“Our team will carry out the Bitcoin hard fork, which was planned for mid-November.”

Read more here

Major Korean Banks Drop Bitcoin Point Swap Services

South Korean banks are distancing themselves from Bitcoin following the government’s ”emergency” regulation which bans them from direct involvement in cryptocurrency-related activities. Shinhan Bank and KB Kookmin Bank have announced that they are discontinuing their points for Bitcoin exchange services in January. Shinhan Bank will discontinue its service on January 15 and KB Kookmin Bank on January 22. The news outlet explained:

"KB Kookmin Card and Shinhan Card points can be redeemed for bitcoins at cryptocurrency exchange Coinplug, which has partnership agreements with both banks."

Read more here

State of the Crypto

Bitcoin is up 2.67% at $15,535.660 with a volume of Ƀ131.1k - $2082.8M on the USD pairs.

Ether is down 3.94% against Bitcoin at Ƀ0.04759 per Ether and down 1.41% against the dollar to $739.59 with average volume Ƀ37.4k on the ETH/BTC pair.

Bitcoin Cash is down 4.28% to Ƀ0.1789 with volumes of Ƀ41.9k and down 1.5% against the dollar at $2782.86.

Ripple is up 5.41% to Ƀ0.00006991 with volumes of Ƀ27.4k and up 8% against the dollar at $1.08.

Zcash is down 2.81% for the day to Ƀ0.03428 per ZEC and up 0.35% against the dollar to $532.03 with an average volume of Ƀ4.2k for the 24 hour period.

Litecoin is down 0.98% against the dollar for the day at $273.42 and down 3.2% to Ƀ0.01753 on volumes of Ƀ18.0k.

Dash is down 1.7% at Ƀ0.07503 with Ƀ9.8k volume and up 1.24% against the dollar at $1162.7.

Iota is up 8.16% to Ƀ0.0002584 on Ƀ6.9k volume.

Ether Classic is down 3.08% to Ƀ0.00189 with volumes of Ƀ4.9k and down 0.1% against the dollar at $29.32.

Monero is up 7.23% against the dollar at $374.21 and up 3.5% against Bitcoin at Ƀ0.02398 on volumes of Ƀ6.8k.

Neo is down 0.09% for the day to Ƀ0.004254 per NEO and up 2.87% against the dollar to $65.65 with an average volume of Ƀ8.0k for the 24 hour period.

Waves is down 5.27% to Ƀ0.0008876 on Ƀ2.9k volume.

Stratis is down 5.27% to Ƀ0.0009032 on Ƀ3.7k volume.

Market risers
1 EMB +300.00%
2 EDDIE +288.00%
3 EBTCOLD +200.00%
4 MONK +194.73%
5 CAPP +151.35%
Market losers
1 SRN -57.23%
2 LIZA -47.44%
3 FYP -43.40%
4 HTML5 -33.33%
5 DIM -27.27%
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