Bitvo.com

Bitcoin (BTC)

C$10,745 (US$8,014) 

May 21, 1:00 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):

~$3.84

Website:

https://bitcoin.org

May 21, 2019

All figures in USD$, unless otherwise specified 

LOG IN TO VIEW

â–  General Cryptocurrency News:

•

•

One of the largest cryptocurrency events globally, Consensus, wrapped up last

week in New York with major announcements coming out of it from many large

corporations.

Notably, Amazon made its first appearance at Consensus to discuss its new

managed blockchain service, called the Quantum Ledger Database (QLDB),

which will operate as a centrally administered immutable data ledger within

Amazon Web Services (AWS). Other announcements came from the

ConenSys-backed Kaleido, the London Stock Exchange Group (LSE), and the

Depository Trust & Clearing Corporation (DTCC).

•

PriceWaterhouseCoopers (PWC) and Elwood Asset Management released a

study on crypto hedge funds last quarter. The report highlights that in Q1 2019

crypto hedge fund assets under management (AUM) grew approximately

300% over the previous quarter. The report also noted that a majority of crypto

hedge funds are still relatively small with over 60% having less than US$10

million in AUM.

â–  BTC News:

•

Craig Wright, who controversially claims he is Satoshi Nakamoto, has filed

United States copyright registrations for the Bitcoin white paper. The price of

Bitcoin SV, which is verbally endorsed by Craig Wright and was created by

two hard forks extending from the Bitcoin blockchain, soared on the news.

•

The Securities and Exchange Commission has moved its decision on a

Bitcoin exchange-traded-fund (ETF) application made by Bitwise Asset

Management to an undisclosed date, calling into question whether such an

ETF will be approved in 2019.

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 exceeding US

$8,000 in May and stabilizing slightly lower than this level.

â–  Current Environment:

•

The price of BTC rose throughout the week last week before correcting on

Friday.

•

However, the currency regained strength with positive momentum resuming

over the weekend.

•

Volumes were higher week-over-week, averaging 3.6 million coins per day.

The previous week’s volumes averaged 3.2 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$343  (US$256) 

May 21, 1:00 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

May 21, 2019

â–  ETH News:

•

Louis Vuitton and Christian Dior are among luxury goods designers

teaming up Microsoft Azure to track information about their products using

the Ethereum blockchain. In addition to tracking the authenticity of the

goods, the service will also offer ethical and environmental information,

instructions for product care and warranty services.

•

Chainalysis reported that over 33% of ETH is owned by 376 individuals.

The report went on to state that this number is down from 47% in 2016.

â–  Trading History YTD:

•

After a positive start to the year, the price of ETH declined for most of

January before being able to hold on to positive momentum for most of

February, March and April.

•

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:

•

Positive momentum in ETH continued last week with the price grinding

higher throughout the week.

•

Additionally, ETH regained some momentum versus BTC with the price of

ETH ending the week up on both a USD and BTC basis.

•

Volumes for the week averaged 56.4 million coins per day, this is up from

the previous week’s volume of 47.9 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.

â–  Current Environment:

•

Alongside other major cryptocurrencies, the price of XRP experienced a

positive spike in early May.

•

Positive momentum continued in XRP early last week, before it began to

decline and stabilize at lower levels in the latter half of the week.

•

However, XRP did gain some momentum back versus BTC, with the price

of XRP increasing in BTC terms on the week.

•

Volumes for the week were higher, averaging 8.96 billion coins per day

compared to the previous week’s volumes of 4.27 billion coins per day.

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$0.54 (US$0.40) 

May 21, 1:00 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:

•

No significant XRP related news last week.

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.

•

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.

May 21, 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$569 (US$424) 

May 21, 1:00 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

May 21, 2019

â–  BCH News:

•

As noted above, Craig Wright, who controversially claims he is Satoshi

Nakamoto, has filed United States copyright registrations for the Bitcoin

white paper. The price of Bitcoin SV, which is verbally endorsed by Craig

Wright and was created by a hard fork in Bitcoin Cash last fall, soared on

the news.

•

Bitcoin Cash underwent a hard fork last week. The fork was successfully

completed on May 15, 2019. It was non-contentious and did not create a

new currency in the process.

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 continued to gain momentum the first half of last week,

before giving up gains mid-week. Over the weekend BCH reversed

direction ending up on the week.

•

Volumes were higher week-over-week, averaging 9.0 million coins per

day compared to the previous week’s volumes of 7.2 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$124 (US$92) 

May 21, 1:00 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

May 21, 2019

â–  LTC News:

•

Litecoin fell further behind other major cryptocurrencies last week in terms

of market capitalization, losing its fifth-place position and falling to sixth

behind Bitcoin, Ether, XRP, Bitcoin Cash and EOS.

•

Litecoin now has a market capitalization of US$5.7 billion versus fifth

place EOS at almost US$5.8 billion and Bitcoin at US$142 billion.

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:

•

The price of LTC hit an 11-month high last week when it broke over

US$100. The price declined from this peak later in the week, still ending

the week up.

•

Volumes were higher week-over-week, averaging 52.3 million coins per

day compared to the previous week’s volumes of 44.9 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

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$226 (US$168) 

May 21, 1:00 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):

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May 21, 2019

â–  DASH News:

•

No significant Dash related news this week.

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:

•

The price of Dash increased for the first half of the week last week, before

negative momentum took over in that latter half of the week. However,

over the weekend DASH regained positive movement and ended the

week up in both USD and BTC terms.

•

Like most other major cryptocurrencies, volumes for the week were higher

compared to the previous week’s average, 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:

110 mm

Coins Outstanding:

Maximum Coins:
POW or POS:

WORK

Website:

https://ethereumclassic.org/

Ethereum Classic (ETC)

C$10.15  (US$7.57) 

May 21, 1:00 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

May 21, 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:

•

The price of ETC increased for the first half of the week last week, before

correcting on Friday.

•

Unlike other major cryptocurrencies, the price of ETC did not experience

a significant rebound over the weekend. However, due to gains

experienced earlier in the week, the price of ETC ended the week up both

in BTC and USD terms.

•

Volumes were higher week-over-week, averaging 120.9 million coins per

day compared to the previous week’s volumes of 92.8 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

May 21, 2019