Bitvo.com
Bitcoin (BTC)
C$5,262 (US$3,983)
February 19, 11:30 am
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):
~$0.170
Website:
https://bitcoin.org
February 19, 2019
All figures in USD$, unless otherwise specified
LOG IN TO VIEW
â– General Cryptocurrency News:
• J.P. Morgan CEO Jamie Dimon has changed his tune on cryptocurrency. After
previously publicly opposing it, last week the firm announced it will develop and
begin using it’s own cryptocurrency, the “JPM Coin”. This will be the first U.S.
bank-backed cryptocurrency. It will be a stable coin, pegged to the U.S. dollar,
and will initially be used for three applications including international payments
for large corporate clients, securities transactions and the ability to replace
U.S. dollars held by large corporations using J.P. Morgan’s treasury services.
• Two U.S. pension funds based in Fairfax County Virginia became the first U.S.
pension funds to gain crypto exposure with their investment in Morgan Creek
Digital’s new $40 million venture capital fund, which will invest in the equity of
blockchain companies and also hold a small percentage of its value in liquid
crypto assets.
• Cryptocurrency-friendly Wyoming became the first U.S. state to enact changes
in law empowering private ownership of cryptocurrency.
â– BTC News:
• California-based asset manager, Realty Shares, announced and then
subsequently withdrew a bitcoin exposed ETF. Per a final draft of the fund’s
prospectus, the ETF was to be actively managed to “provide investment
exposure to global currencies, both fiat and virtual currencies, that have been
widely adopted for use”, with up to 15% of its total assets in bitcoin futures.The
proposal was withdrawn at the request of the SEC due to the way Realty
Shares approached filing and not in opposition to the proposed ETF itself.
• The SEC also announced that it is beginning its review of another bitcoin ETF
proposal filed by NYSE Arca and Bitwise Asset Management. The proposal
was registered in the Federal Register on February 15th, starting the clock on
an 45 day period for the SEC to make an initial decision and a 240 day period
for the SEC to make a final decision on whether to approve, reject or extend the
proposal.
â– Trading History YTD:
• After spiking to a near-term high at the end of the first week of January, the
price of BTC has trended negatively for most of 2019.
â– Current Environment:
• BTC saw a price spike on Monday, albeit not as strong as other major
cryptocurrencies, but enough to push BTC into positive territory for the year.
• Volumes for the week were similar to the previous week, averaging 1.8 million
coins per day. However, volumes increase significantly on Monday with 2.5
million coins trading.
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:
104mm
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$195 (US$147)
February 19, 11:30 am
All figures in USD$, unless otherwise specified
Page 2 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.064
Current Mining Fee (USD):
LOG IN TO VIEW
February 19, 2019
â– ETH News:
• ETH maintained its number two position last week in terms of market
capitalization after over taking XRP the week prior.
• ETH currently has a market capitalization of over US$15 billion, behind only
BTC at US$69.0 billion and ahead of XRP at US$13.2 billion.
â– Trading History YTD:
• After a positive start to the year, ETH has declined over the past month
before experiencing a price spike in early February alongside other major
cryptocurrencies.
â– Current Environment:
• Decoupling from BTC, ETH maintained stronger price momentum since the
beginning of February.
• Volumes where stronger this week averaging 28.0 million coins per day. Like
most other major cryptocurrencies ETH saw a volume spike on Monday with
36.9 million coins trading.
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$0.44 (US$0.33)
February 19, 11:30 am
All figures in USD$, 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:
•
•
J.P. Morgan’s announcement of its own JPM Coin last week resulted in
speculation that this would put pressure on XRP as the two coins focus on use
in international settlement.
The price of XRP declined on the news, falling further behind ETH in terms of
market capitalization and sinking into third place in terms of cryptocurrencies
with the largest market capitalizations, behind BTC and ETH.
â– Trading History YTD:
• After rising in price the first week of the year, the price of XRP fell somewhat
sharply in the second week of the year with the negative trend continuing for
most of this year to date.
â– Current Environment:
• XRP experienced a price spike late last week alongside other major
cryptocurrencies. The spike was not as strong as some of the other major
cryptocurrencies and XRP still trades down compared to the beginning of
the year.
• Volumes for the week averaged 1.62 billion coins per day. This was up from
the prior week‘s average of 1.56 billion coins per day.
February 19, 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
60mm
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$64 (US$48)
February 19, 11:30 am
All figures in USD$, unless otherwise specified
Page 5 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.022
Current Mining Fee (USD):
LOG IN TO VIEW
February 19, 2019
â– LTC News:
No significant LTC related news last week.
â– Trading History YTD:
• LTC has been a relative outperformed in comparison to other major
cryptocurrencies so far in 2019 as it has traded positive for most of the
year.
â– Current Environment:
• LTC traded down for most of the week before seeing a rally on Monday.
• Unlike the other major cryptocurrencies LTC volume traded down week
over week.
• This week‘s trading volume averaged 25.8 million coins a day versus
last week‘s volume of 26.9 million coins a 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$193 (US$146)
February 19, 11:30 am
All figures in USD$, unless otherwise specified
Page 4 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.0034
Current Mining Fee (USD):
LOG IN TO VIEW
February 19, 2019
â– BCH News:
• No significant BCH related news last week.
â– Trading History YTD:
• The price of BCH has drifted sideways to negative during 2019,
without benefiting from some of the offsetting positive spikes other
cryptocurrencies experienced.
â– Current Environment:
• BCH traded flat for most of the week before seeing a rally on Monday.
BCH still trades down compared to the price on January 1, 2019.
• Volumes for the week traded down until yesterday when it spiked
above the week‘s average of 2.2 million coins per day to 4.7 million
coins.
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$118 (US$89)
February 19, 11:30 am
All figures in USD$, 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
February 19, 2019
â– DASH News:
• Dash usability expanded with the integration into Spend App and, with
that, VISA. Spend is a cryptocurrency ATM card and digital wallet, which
will allow Dash users to make purchases at the over 40 million merchants
that accept the VISA ATM card.
• Spend will be offering three different levels of cards and allow users to
convert into over 16 different cryptocurrencies and USD, CAD, and EUR.
â– Trading History YTD:
• Dash has traded like other major cryptocurrencies in 2019, with the price
trending generally down in January, but with the recent price strength now
trades up on the year.
â– Current Environment:
• Dash experienced strong upward price momentum last week bringing the
price above where it started 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:
2016
Primary Use:
107 mm
Coins Outstanding:
Maximum Coins:
POW or POS:
WORK
Website:
https://ethereumclassic.org/
Ethereum Classic (ETC)
C$6.12 (US$4.63)
February 19, 11:30 am
All figures in USD$, unless otherwise specified
Page 7 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.0013
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
February 19, 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 and still
trades below the beginning of the years prices.
â– Current Environment:
•
•
ETC traded flat for most of the week before seeing a rally on Monday,
albeit a less pronounced rally compared to other major
cryptocurrencies.
Volumes for the week were up averaging 52.1 million coins per day
versus last week‘s 41.5 million coins per day.
• Like most other coins ETC saw a volume spike Monday as 62.2 million
coins traded.
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
February 19, 2019
