Market Analysis Report

17 June 2019

MVIS-CryptoCompare Index The MVIS CryptoCompare Digital Assets 10 Index has closed at 3,617.30 with a gain of 4.35% for the day. See the live index here Market Update At the time of writing, the Bitcoin price is sitting at $6,423 representing a gain of 1.41% in the last 24 hours. More than $340 M worth of BTC were exchanged in the BTC/USD market representing an 18% share of the global daily volume. The BTC/JPY pair represents a 10% share. The Ethereum price has dropped 2.82% over the past 24 hours and is currently sitting at $316, with over $80 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 9% market share of the daily trading volume. See live charts here and here

Bitmain Eyes $18 billion IPO, Potentially The Largest In History According to Business Insider, one of the most valuable cryptocurrency companies, known as Bitmain, plans to raise $18 billion in its upcoming initial public offering (IPO). Moreover, Bitmain’s IPO plans are part of the firm’s efforts to become a dominant manufacturer in hardware for artificial intelligence technology. However, while earlier reports have suggested Bitmain was going to file for an IPO, the company had not given an official date for its launch. Read more here Kim Dotcom Advises His Twitter Followers To Buy Gold and Cryptos Yesterday, Megaupload's creator Kim Dotcom, advised his more than 734.000 Twitter followers to buy gold and cryptocurrencies, warning that the USD will lose its current value. Kim Dotcom's advice apparently comes as a hedging strategy against a future economic crisis, which he said may be forthcoming. Kim Dotcom stated: "Trust me. Buy crypto and gold. Your USD will become worthless. With US economic collapse all old money currencies will crash.

Times will get tough. But you’ll be fine if you hedge some of your assets in preparation for the crash.

The big crash is coming 100%." Read more here BitConnect Set to Be Delisted from Last Crypto Exchange BitConnect's BCC token is about to be removed from the last exchange in which it is still exchanged. TradeSatoshi which has a daily trading volume of about $1.16 million, announced the move via Twitter, adding that the delisting will take place on the 10th of September. Read more here

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