Bitvo.com
Bitcoin (BTC)
C$6,739 (US$5,041)
April 15, 2:45 pm
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
Technical Trading Score*:
Date Of Inception:
2009
Primary Use:
CURRENCY
17mm
Coin Profile
Bitcoin is a decentralized coin enabling
revolutionary means to exchange value across the
globe. It continues to be the biggest and most
influential coin, encouraging peer-to-peer payment
networks powered by its users with no central or
middle authority.
Page 1 of 8
Coins Outstanding:
Maximum Coins:
21 mm
POW or POS:
WORK
Current Mining Fee (USD):
~$0.277
Website:
https://bitcoin.org
April 15, 2019
All figures in USD$, unless otherwise specified
LOG IN TO VIEW
â– General Cryptocurrency News:
• Major cryptocurrencies stabilized and saw their price pull back slightly last
week after the prior week’s surge that saw prices increase on average 40%.
• China’s National Development Reform Commission, the powerful economic
planning arm of the government, announced plans to ban cryptocurrency
mining. Their announcement seems to have been given more weight by
community members than other Chinese crypto ban rumors with some
suspecting miners will relocate to other areas, including the U.S. and
Canada.
• The European Union Blockchain Observatory & Forum, an initiative
sponsored by the European Commission, released a report describing the
benefits of tokenization of physical assets using the blockchain and smart
contracts.
• PewDiePie, one of YouTube’s most popular content creators, has
announced he will start livestreaming on the blockchain video service DLive.
â– BTC News:
• After touching highs the prior week with the rise in Bitcoin prices, overall
institutional investment in Bitcoin futures on the Chicago Mercantile
Exchange (CME) decreased this past week, according to data published by
the United States Commodity Futures Trading Commission (CFTC). The
data shows that as of April 9, institutional investors and asset managers had
244 open long positions, a decrease of 71 from April 2, and 80 open short
positions, nine less than the prior week.
• Based on the recent passing of new laws by the French Assembly, life
insurance contracts will now be able to invest in Bitcoin and other blockchain
assets.
â– Trading History YTD:
• After declining for the first month of 2019, the price of BTC has experienced
a steady upward trajectory, now trading almost 40% higher than where it
began 2019.
â– Current Environment:
• After some volatility last week, the price of BTC ended the week slightly
below where it began, resulting in the value of BTC holding on to most of the
gains it experienced during the prior week’s price surge.
• Volumes were lower week-over-week, averaging 2.7 million coins per day.
The previous week‘s volumes averaged 3.6 million coins per day.
In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.
Bitvo.com
Technical Trading Score*:
Date Of Inception:
2014
Primary Use:
SMART CONTRACTS
Coins Outstanding:
105mm
Coin Profile
Ethereum is a decentralized platform that runs
smart contracts: applications that run exactly as
programmed without any possibility of downtime,
censorship, fraud or third-party interference. These
apps run on a custom built blockchain. Ether is the
cryptocurrency generated by and used on the
Ethereum platform.
Maximum Coins:
NO MAX
POW or POS:
WORK
Website:
https://www.ethereum.org/
Ether (ETH)
C$215 (US$161)
April 15, 2:45 pm
All figures in USD$, unless otherwise specified
Page 2 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.086
Current Mining Fee (USD):
LOG IN TO VIEW
April 15, 2019
â– ETH News:
• Ethereum core developers are considering implementing more frequent and
smaller hard forks, according to last week’s bi-weekly meeting.
• Arguments in favour include that a move to shorter time periods between
forks would bring more frequent updates to the protocol, would allow the
team to separate concerns and isolate changes better and decrease the
deployment time of updates that require multiple forks. Further, the testing
process would be arguably easier since there would be fewer EIPs to test
and fewer EIP interactions to check.
• However, arguments for larger and less frequent hard forks include the fact
that they leave ample time for security evaluation. Less frequent hard forks
require less frequent client updates and user coordination. In the case of
frequent hard forks, a bug in a fork also risks delaying the next fork.
â– Trading History YTD:
• After a positive start to the year, ETH declined for most of January before
being able to hold on to positive momentum for most of February, March
and April.
â– Current Environment:
• After stabilizing early in the week last week, the price of ETH declined
sharply mid-week before stabilizing again at lower levels.
• Volumes for the week averaged 40.5 million coins per day, this is down from
the previous week‘s volume of 48.7 million coins per day.
In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.
Bitvo.com
Technical Trading Score*:
Date Of Inception:
2012
Primary Use:
CURRENCY
99.99 Billion
Coin Profile
XRP is the decentralized native currency employed by
Ripple. Ripple is a settlement system, currency
exchange and remittance network created by Ripple
Labs Inc. It is built upon a distributed open source
internet protocol, and supports tokens
representing fiat currency or cryptocurrency.
The company purports to enable “secure,
instantly and nearly free global financial
transactions of any size with no chargebacks.”
Coins Outstanding:
Maximum Coins:
POW or POS:
CORRECTNESS
Website:
https://ripple.com/
XRP
C$0.43 (US$0.32)
April 15, 2:45 pm
All figures in USD$, unless otherwise specified
Page 3 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.0003
Current Mining Fee (USD):
LOG IN TO VIEW
100 Billion
â– XRP News:
• The Luxembourg Private Equity and Venture Capital Association (LPEA),
comprised of private equity and venture capital professionals in
Luxembourg, issued a paper entitled ‘Security Tokens – Legal Aspects’.
The paper reads in favor of XRP being a token and not a security by
mentioning it as an example alongside Bitcoin as a payment token
“intended to be used, now or in the future, as means of payment for
acquiring goods or services or as means of money or value transfer”.
â– Trading History YTD:
• XRP has underperformed other major cryptocurrencies so far in 2019, with
its price trending down or flat for most of the year to date.
â– Current Environment:
• Similar to ETH, the price of XRP stabilized early last week before giving up
most of the gains it experienced the prior week throughout the balance of
the week.
• The gap in value between XRP and ETH and BTC continued to widen last
week as XRP continues to underperform.
• Volumes for the week were lower, averaging 3.46 billion coins per day
compared to the previous week‘s volumes of 5.17 billion coins per day.
April 15, 2019
In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.
Bitvo.com
Technical Trading Score*:
Date Of Inception:
2017
Primary Use:
CURRENCY
17mm
Coin Profile
Bitcoin Cash is peer-to-peer electronic cash for
the Internet. It is fully decentralized, with no central
bank and requires no trusted third parties to operate.
Bitcoin Cash is the continuation of the Bitcoin project
as peer-to-peer digital cash. It is a fork of the Bitcoin
blockchain ledger, with upgraded consensus rules
that allow it to grow and scale.
Coins Outstanding:
Maximum Coins:
21 mm
POW or POS:
WORK
Website:
https://www.bitcoincash.org/
Bitcoin Cash (BCH)
C$422 (US$315)
April 15, 2:45 pm
All figures in USD$, unless otherwise specified
Page 4 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.0041
Current Mining Fee (USD):
LOG IN TO VIEW
April 15, 2019
â– BCH News:
• As crypto markets cooled slightly last week following the price surge
experienced the prior week, Bitcoin Cash continued to advance in
terms of market capitalization over Litecoin and EOS, solidifying its
fourth place position behind Bitcoin, Ether and XRP.
• This advancement was further supported by another 15% positive price
movement experienced over the past 24 hours.
• Bitcoin SV, the new cryptocurrency that was created after the Bitcoin
Cash hard fork a few months back, has been delisted by Binance.
â– Trading History YTD:
• After drifting sideways to negative for the first two months of 2019, the
price of BCH stabilized and then traded positively in March and April.
â– Current Environment:
• The price of BCH outperformed other major cryptocurrencies last week
with a late week price surge bringing it back into positive territory on the
week, during a time when most other major cryptocurrencies ended down
on the week.
• Volumes were lower week-over-week, averaging 5.0 million coins per day
compared to the previous week‘s volumes of 7.6 million coins per day.
In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.
Bitvo.com
Technical Trading Score*:
Date Of Inception:
2011
Primary Use:
CURRENCY
61mm
Coin Profile
Litecoin is a peer-to-peer cryptocurrency
and open source software project released under
the MIT/X11 license. Creation and transfer of
coins is based on an open source cryptographic
protocol and is not managed by any central authority.
The coin was inspired by, and in technical details is
nearly identical to, Bitcoin.
Coins Outstanding:
Maximum Coins:
84 mm
POW or POS:
WORK
Website:
https://litecoin.com/
Litecoin (LTC)
C$104 (US$78)
April 15, 2:45 pm
All figures in USD$, unless otherwise specified
Page 5 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.041
Current Mining Fee (USD):
LOG IN TO VIEW
April 15, 2019
â– LTC News:
• According to Litecoin.com and the data published by BitInfoCharts, the
hash rate of Litecoin achieved a new all-time high on April 8
th
, at 359
terahash. The rapid increase in the hash rate of the Litecoin blockchain
network, which represents computing power that protects and secures
the protocol, comes amidst the demonstration of a strong price
performance of Litecoin in recent months.
â– Trading History YTD:
• LTC remains a relative outperformer in comparison to other major
cryptocurrencies so far in 2019 as it has traded positive for most of the
year.
â– Current Environment:
• Alongside other major cryptocurrencies, LTC trading down for most of
the week last week, giving back the gains it made the prior week.
However, the price of LTC did recover slightly over the weekend,
leaving LTC well ahead of where it started April, 2019.
• Like the majority of cryptocurrencies volumes for the week were lower
compared to the previous week, averaging 33.9 million coins per day.
In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.
Bitvo.com
Technical Trading Score*:
Date Of Inception:
2014
Primary Use:
CURRENCY
8 mm
Coin Profile
Dash is an open source peer to peer cryptocurrency.
On top of Bitcoin’s feature set, it currently offers instant
transactions, private transactions and operates a self-
governing and self-funding model that enables the
Dash network to pay individuals and businesses to
perform work that adds value to the network. Dash’s
decentralized governance and budgeting system
makes it a decentralized autonomous organization.
Coins Outstanding:
Maximum Coins:
22 mm
POW or POS:
STAKE
Website:
https://www.dash.org/
DASH (DASH)
C$156 (US$117)
April 15, 2:45 pm
All figures in USD$, unless otherwise specified
Page 6 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.012
Current Mining Fee (USD):
LOG IN TO VIEW
April 15, 2019
â– DASH News:
• Dash decreased its block reward by 7.14% last week to ensure that Dash
has a limited supply of coins and also slowly ease the transition to a fees-
based network. Dash will continue to decrease block rewards roughly every
383.25 days, a much more gradual pace than Bitcoin’s 50% decrease every
four years. A more gradual decrease allows more time for increases in the
number of transactions to provide enough incentive for miners and
masternodes to secure the network and fund treasury projects on fees
alone.
• Cryptocurrency lending platform, SALT, will now accept Dash directly as
collateral. Additionally, if a user runs a Dash Masternode, they can still
operate that Masternode with rewards and voting rights, while also using it
as collateral on SALT.
• Additionally, Celsius Network now allows Dash community members to
earn interest on Dash and take out USD loans against Dash. Dash users
can earn a 7.50% return, which is the highest currently available on the
platform, and also borrow at competitive rates that vary based on the coin
and collateral.
â– Trading History YTD:
• Since trading down during the first month of the year, the price of Dash has
experienced generally positive price momentum since February, 2019.
â– Current Environment:
• Alongside other major cryptocurrencies, Dash trading down for the first half
of the week before stabilizing at lower levels during the second half of the
week.
• Volumes for the week were lower than the previous week‘s averaging 2.7
million coins per day.
In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.
Bitvo.com
Technical Trading Score*:
Date Of Inception:
2016
Primary Use:
10
9
mm
Coins Outstanding:
Maximum Coins:
POW or POS:
WORK
Website:
https://ethereumclassic.org/
Ethereum Classic (ETC)
C$8.21 (US$6.14)
April 15, 2:45 pm
All figures in USD$, unless otherwise specified
Page 7 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.0016
Current Mining Fee (USD):
Coin Profile
Ethereum Classic is an open-source, public,
blockchain-based distributed computing platform
featuring smart contract (scripting) functionality. It
provides a decentralized Turing-complete virtual
machine, the Ethereum Virtual Machine (EVM), which
can execute scripts using an international network of
public nodes. ETC has a value token called “ether”,
which can be transferred between participants or stored
in a cryptocurrency wallet.
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NO MAX
SMART CONTRACTS
April 15, 2019
â– ETH Classic News:
• No significant ETC related news last week.
â– Trading History YTD:
• ETC has experienced a generally negative start to the year with more
downward than positive price movement.
â– Current Environment:
•
•
After a brief uptick in price felt by all major cryptocurrencies, negative
momentum in the price of ETC resumed last week as it traded down
for most of the week.
Volumes were lower this week averaging 81.1 million coins per day
compared to the previous week’s 92.4 million coins per day.
In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.
Bitvo.com
DISCLAIMER
The information contained in this report has been compiled by Bitvo Global Inc. (“Bitvo”) from sources believed to be reliable, but no
representation or warranty, express or implied, is made by Bitvo, its affiliates or any other person as to its accuracy, completeness or
correctness. All opinions and estimates contained in this report constitute Bitvo’s judgement as of the date of this report, are subject to
change without notice and are provided in good faith but without legal responsibility. Nothing in this report constitutes legal,
accounting or tax advice or individually tailored investment advice. This material is prepared for general circulation to clients and has
been prepared without regard to the individual financial circumstances and objectives of persons who receive it. The Bull and Bear
symbols represent relatively favourable or unfavourable technical indicators, respectively, and the presence or absence of these
symbols and any language pertaining to these symbols does not represent any advice, representation or guidance from Bitvo as to
whether you should buy, sell or hold any cryptocurrency. The cryptocurrencies or services contained in this report may not be suitable
for you and it is recommended that you consult an independent advisor if you are in doubt about the suitability of such
cryptocurrencies or services. This report is not an offer to sell or a solicitation of an offer to buy any securities. Past performance is not
a guide to future performance, future returns are not guaranteed, and a loss of original capital may occur. The cryptocurrency market
is volatile and rapidly changing and, as a result, the latest published reports available to clients may not reflect recent material
changes. Bitvo reports are current only as of the date set forth on the reports. This report is not, and under no circumstances should
be construed as, a solicitation to act as securities broker or dealer in any jurisdiction by any person or company that is not legally
permitted to carry on the business of a securities broker or dealer in that jurisdiction. To the full extent permitted by law neither Bitvo
nor any of its affiliates, nor any other person, accepts any liability whatsoever for any direct or consequential loss arising from any use
of this report or the information contained herein. No matter contained in this document may be reproduced or copied by any means
without the prior consent of Bitvo.
Page 8 of 8
April 15, 2019
