Bitvo.com
Bitcoin (BTC)
C$11,547 (US$8,591)
June 3, 3:00 pm
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
Technical Trading Score*:
Date Of Inception:
2009
Primary Use:
CURRENCY
18mm
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):
~$3.41
Website:
https://bitcoin.org
June 3, 2019
All figures in USD$, unless otherwise specified
LOG IN TO VIEW
â– General Cryptocurrency News:
•
•
Kik, a Canadian tokenized social media start-up, has launched a US$5
million crypto initiative to fund a lawsuit against the United States
Securities and Exchange Commission (SEC). Kik CEO Ted Livingstone,
also the founder of Kik’s crypto project the Kin Foundation (KIN),
announced the formation of the Defend Crypto fund, which plans to legally
challenge the SEC to get regulatory clarity surrounding the definition of
securities in regard to cryptocurrencies.
Starbucks has announced it will use Microsoft’s Azure blockchain services
to track the supply chain from bean to store. This will be leveraged to
allow customers to know specific information about the coffee beans they
are drinking.
â– BTC News:
•
Bitcoin hit an all-time high versus the Argentine peso last week as a result
of the current crypto bull run combined with the ongoing depreciation of
the Argentine peso amidst presidential election risks. According to the
Financial Times, bitcoin’s price reached as high as 394,000 pesos (US
$8,801 at press time) per coin, a level not seen since the crypto spike in
late 2017.
•
A sign of support for the general use of bitcoin was seen last week when
Microsoft added the bitcoin symbol to Excel.
•
American digital asset manager, Grayscale, announced that out of the
firm’s US$2.1 billion of assets under management, US$1.97 billion or 94%
resides in its bitcoin investment trust. Meanwhile, the firm also noted that
its ether, bitcoin cash and XRP trusts are worth US$13 million, US$6.7
million and US$5.7 million respectively.
•
Bitcoin Blender, a bitcoin mixing site, was reportedly shut down last week.
Europol allegedly shut down BestMixer after finding evidence that coins
from that site were used for money laundering.
â– Trading History YTD:
•
After a slow grind sideways for the first three months of 2019, the price of
BTC shot up at the beginning of April.
•
Positive momentum has continued since then with the price approaching
US$9,000.
â– Current Environment:
•
The price of BTC was stable to slightly lower last week, after trading
sideways for most of the week. This represents BTC’s first down week in
approximatively a month.
•
Volumes were similar to last week’s, averaging 2.9 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:
SMART CONTRACTS
Coins Outstanding:
106mm
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$353 (US$262)
June 3, 3:00 pm
All figures in USD$, unless otherwise specified
Page 2 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.165
Current Mining Fee (USD):
LOG IN TO VIEW
June 3, 2019
â– ETH News:
•
The blockchain based game F1 Delta Time held an online auction for
limited edition cars that can be used in the game. One customer
purchased a car for 415.9 ETH, which at the time was worth
approximately US$110,000.
•
Ernst & Young released the code for its Ethereum private transaction
solution, Nightfall Ethereum, on GitHub making it open sourced. The
company stated they released the code to the public with the goal of
speeding up the adoption of blockchain.
â– Trading History YTD:
•
After declining in January, the price of ETH has experienced positive
momentum for most of 2019.
•
However, with the recent positive performance of BTC, ETH has
underperformed BTC, with the price of ETH in BTC terms trending down
since the end of February.
â– Current Environment:
•
After declining in January, the price of ETH has experienced positive
momentum for most of 2019.
•
However, with the recent positive performance of BTC, ETH has
underperformed BTC, with the price of ETH in BTC terms trending down
since the end of February.
•
Volumes for the week averaged 40.5 million coins per day, which is in line
with the previous week’s volumes
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$0.60 (US$0.44)
June 3, 3:00 pm
All figures in USD$, unless otherwise specified
Page 3 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.0070
Current Mining Fee (USD):
LOG IN TO VIEW
100 Billion
â– XRP News:
•
XRP’s continued underperformance versus other major cryptocurrencies
has led to a widening in market capitalization between it and higher
ranked bitcoin and ether. Once the second largest cryptocurrency in
terms of market capitalization just a few months ago, XRP is now firmly
in third at a market capitalization of US$18.7 billion versus ether at US
$27.7 billion and bitcoin at US$152.0 billion.
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.
•
However, the price of XRP in USD terms has experienced the same lift
as other major cryptocurrencies in May, spiking at the beginning of the
month.
•
While the price of XRP has been more volatile in USD terms, it has
declined steadily in terms of BTC since the beginning of 2019.
â– Current Environment:
•
Similar to other major cryptocurrencies, the price of XRP traded
sideways for most of the week last week.
•
However, breaking the above noted trend, XRP outperformed other
cryptocurrencies last week, being one of the only cryptocurrencies to end
the week higher than where it started. The price of XRP ended up on the
week both in USD and BTC terms.
•
Volumes for the week were higher, averaging 5.75 billion coins per day
compared to the previous week’s volumes of 4.67 billion coins per day.
June 3, 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
18mm
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$578 (US$430)
June 3, 3:00 pm
All figures in USD$, unless otherwise specified
Page 4 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.0051
Current Mining Fee (USD):
LOG IN TO VIEW
June 3, 2019
â– BCH News:
•
Stepping out of order in terms of market capitalization, it was revealed
last week that bitcoin cash makes up the third largest holding of digital
asset manager, Grayscale’s, assets under management. Bitcoin and
ether make up Grayscale’s largest and second largest positions, while
XRP, which has a higher overall market capitalization than bitcoin cash,
makes up the fourth largest position.
â– Trading History YTD:
•
Somewhat similar to the trend in the price of BTC, the price of BCH
ground sideways for the first quarter of 2019 before experiencing a price
spike in early April.
•
BCH has experienced a similar price spike at the beginning of May,
surpassing US$400.
â– Current Environment:
•
The price of BCH ground sideways last week, ending the week
approximately where it started in the low US$400s.
•
Volumes were lower week-over-week, averaging 5.2 million coins per
day compared to the previous week’s volumes of 6.1 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:
2011
Primary Use:
CURRENCY
62mm
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$151 (US$112)
June 3, 3:00 pm
All figures in USD$, unless otherwise specified
Page 5 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.0562
Current Mining Fee (USD):
LOG IN TO VIEW
June 3, 2019
â– LTC News:
•
No significant LTC related news last week.
â– Trading History YTD:
•
Having started 2019 as a relative outperformer in comparison to other
major cryptocurrencies, LTC has lost some momentum in the second
quarter of 2019 as it has not participated in the recent positive movements
to the extent other major cryptocurrencies have.
•
However, the price of LTC has traded positively for most of the year in
2019.
â– Current Environment:
•
Similar to the price of BTC, the price of LTC trended sideways to slightly
lower last week, ending the week slightly below where it started in both
USD and BTC terms.
•
Volumes were lower week-over-week, averaging 38.9 million coins per
day compared to the previous week’s volumes of 41.7 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:
2014
Primary Use:
CURRENCY
9 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$218 (US$162)
June 3, 3:00 pm
All figures in USD$, unless otherwise specified
Page 6 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.0212
Current Mining Fee (USD):
LOG IN TO VIEW
June 3, 2019
â– DASH News:
•
The Bitsa Dash debit card, which enables financial services for the
unbanked, can now be used for payments, withdrawing cash from ATMs,
making bank transfers, online payments, and more all without having a
bank account. Bitnovo users can load their card either via cryptocurrency
through the Bitnovo platform or via vouchers bought in stores with cash.
•
Crowdnode, a masternode sharing service that allows individuals to invest
for as little as 1 Dash, just passed 500 customers for 21 masternodes.
Crowdnode also enables fractional owners to vote in treasury cycles and
noticed that their users tend vote more than the average masternode
owner.
â– Trading History YTD:
•
After a generally negative start to the year, the price of Dash has
experienced more positive than negative price momentum from February
2019 onwards in terms of USD.
•
However, given the larger price appreciation seen in BTC, the price of
Dash has trended negatively since the end of March in BTC terms.
â– Current Environment:
•
Alongside cryptocurrency markets broadly, the price of Dash pulled back
from recent highs last week, declining in both USD and BTC terms.
•
Like most other major cryptocurrencies, volumes for the week were lower
compared to the previous week’s average, averaging 2.9 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:
2016
Primary Use:
110 mm
Coins Outstanding:
Maximum Coins:
POW or POS:
WORK
Website:
https://ethereumclassic.org/
Ethereum Classic (ETC)
C$12.71 (US$9.46)
June 3, 3:00 pm
All figures in USD$, unless otherwise specified
Page 7 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.0024
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
June 3, 2019
â– ETH Classic News:
•
No significant ETC related news last week.
â– Trading History YTD:
•
After trading sideways for most of the first quarter of 2019, the price of
ETC has benefited from broader momentum in the cryptocurrency space,
trading generally positively in April and May in terms of USD.
•
However, ETC has generally underperformed other major
cryptocurrencies with its price trending negatively throughout most of the
recent rally in terms of BTC.
â– Current Environment:
•
ETC was an outlier in the cryptocurrency space last week, trading
positively in USD and BTC terms for most of the week.
•
Volumes were higher week-over-week, averaging 99.9 million coins per
day compared to the previous week’s volumes of 78.7 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
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
June 3, 2019
