Bitvo.com
Bitcoin (BTC)
C$6,951 (US$5,223)
April 08, 1:00 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):
~$0.277
Website:
https://bitcoin.org
April 08, 2019
All figures in USD$, unless otherwise specified
LOG IN TO VIEW
â– General Cryptocurrency News:
• Prices and volumes of all major cryptocurrencies soared last week with
prices up 40% across major currencies and the global crypto market
capitalization approaching a 5-month high of over US$185 billion.
• Staff at the U.S. Securities and Exchange Commission (SEC) published a
framework that will help market participants determine if a digital asset is
deemed to be an investment contract, and therefore a security. The
framework is not a rule, regulation, or statement of the SEC, but is the work
of two of the SEC’s commissioners: Bill Hinman, director of the SEC’s
Division of Corporation Finance and Valerie Szczepanik, Senior Advisor for
Digital Assets and Innovation.
• The SEC issued a “no-action letter” to TurnKey Jet, Inc. allowing them to
raise money from the sale of their token without it being considered a
security.
â– BTC News:
• Leading United States derivative market, the CME Group, reported that its
Bitcoin futures trading volume hit an all-time high of over 22,500 contracts
on April 4th, equivalent to ~113,000 BTC and exceeding the previous record
hit February 19th, 2019 of 18,300 contracts equivalent to 64,300 BTC.
• Meanwhile, Google search requests for “Bitcoin” tripled during the recent
price surge.
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 the year.
â– Current Environment:
• Positive price momentum continued in BTC last week, with a sharp spike
last Monday and Tuesday followed by a steady upward trajectory for the
balance of the week.
• Volumes were higher week-over-week, averaging 3.6 million coins per day.
The previous week‘s volumes averaged 2.5 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$236 (US$178)
April 08, 1:00 pm
All figures in USD$, 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 08, 2019
â– ETH News:
• Crypto lending firm Dharma officially launched today on the Ethereum
blockchain. Dharma matches lenders and borrowers using smart contracts.
• The gap in market capitalization between Ether and the next largest
cryptocurrency, XRP, continued to widen last week, increasing to a gap of
almost US$4 billion after the two currencies started the year almost equalin
value.
â– Trading History YTD:
• After a positive start to the year, ETH declined for most of January before
regaining positive momentum in February, March and April.
â– Current Environment:
• Positive momentum continued in the price of ETH last week, with a sharp
price spike last Monday and Tuesday. The balance of the week was slightly
more volatile in comparison to other major cryptocurrencies with price
movements both up and down.
• Overall ETH ended the week higher both in terms of USD and BTC.
• Volumes for the week averaged 48.7 million coins per day, this is up from
the previous week‘s volume of 33.6 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:
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$0.48 (US$0.36)
April 08, 1:00 pm
All figures in USD$, 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:
• San Francisco State University is now in possession of US$25 million XRP
after being gifted the coins by Ripple Co-Founder Chris Larsen, his wife
Lyna Lam and the Rippleworks non-profit.
• Exchange traded products tied to XRP are now available to European
investors via Nordic Growth Market, a subsidiary of the Boerse Stuttgart
exchange.
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:
• XRP participated in last week’s positive price momentum, which was felt
across most major cryptocurrencies. However, XRP’s positive price
movement was not as great as other’s, resulting in the gap widening
between XRP and cryptocurrencies with greater market capitalizations,
BTC and ETH.
• Volumes for the week were higher, averaging 5.17 billion coins per day
compared to the previous weeks volumes of 2.50 billion coins per day.
April 08, 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:
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$117 (US$88)
April 08, 1:00 pm
All figures in USD$, 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 08, 2019
â– LTC News:
•
•
Exchange traded products tied to LTC will also be made available to
European investors via Nordic Growth Market, a subsidiary of the
Boerse Stuttgart exchange. The exchange now supports exchange
traded products for BTC, ETH, XRP and LTC.
Litecoin’s continued price momentum throughout 2019 has resulted in it
now surpassing EOS to become the fifth most valuable cryptocurrency
in terms of market capitalization behind Bitcoin, Ether, XRP and Bitcoin
Cash.
â– Trading History YTD:
• LTC has been 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:
• Positive momentum in LTC continued last week with the price of the
cryptocurrency rising sharply early in the week before declining slightly
later in the week but ending higher in both USD and BTC terms.
• Like the majority of cryptocurrencies volumes for the week were higher
compared to the previous week‘s averaging 46.1 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:
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$407 (US$306)
April 08, 1:00 pm
All figures in USD$, 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 08, 2019
â– BCH News:
• The market capitalization of BCH increased above both LTC and EOS
this week.
• With a current market capitalization of almost US$5.5 billion, BCH is the
fourth most valuable cryptocurrency, behind BTC, ETH and XRP.
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 soared last week, gaining ground on all other major
cryptocurrencies. BCH now trades approximately 200% above its price at
the start of 2019.
• Volumes for the week were higher week-over-week averaging 7.6 million
coins per day compared to the previous week‘s volumes of 3.1 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$179 (US$135)
April 08, 1:00 pm
All figures in USD$, 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 08, 2019
â– DASH News:
• A merchant directory used to locate Dash-accepting merchants launched a
mobile app that can geolocate the closest merchants to a consumer and
automatically translate into English, Spanish, and Russian. The app will
also enable filtering of nearly 5,000 merchants by merchant type, including
ATMs.
â– Trading History YTD:
• Since trading down during the first month of the year, the price of Dash has
experienced positive price momentum since February, 2019, with
momentum accelerating alongside the broader cryptocurrency markets last
week.
â– Current Environment:
• Positive price momentum continued in Dash last week, although to a lesser
extent than the momentum experienced by other major cryptocurrencies.
While the price of Dash ended the week up in USD terms, it was down in
terms of BTC.
• Volumes for the week were high than the previous week‘s volumes
averaging 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:
2016
Primary Use:
10
9
mm
Coins Outstanding:
Maximum Coins:
POW or POS:
WORK
Website:
https://ethereumclassic.org/
Ethereum Classic (ETC)
C$9.33 (US$7.01)
April 08, 1:00 pm
All figures in USD$, 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.
LOG IN TO VIEW
NO MAX
SMART CONTRACTS
April 08, 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:
•
•
However, negative momentum in ETC was broken last week as
momentum across all major cryptocurrencies was also felt in ETC,
resulting in ETC prices and volumes spiking for the first time all year and
bringing the price of ETC into positive territory on the year.
Volumes were higher this week averaging 92.4 million coins per day
compared to the previous week‘s 37.5 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 08, 2019
