Bitvo.com
Bitcoin (BTC)
C$5,384 (US$4,030)
March 18, 12:05 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):
~$0.170
Website:
https://bitcoin.org
March 18, 2019
All figures in USD$, unless otherwise specified
LOG IN TO VIEW
â– General Cryptocurrency News:
•
•
•
Canadian regulatory bodies, Canadian Securities Administrators (CSA) and
Investment Industry Regulatory Organization of Canada (IIROC), published a
joint consultation paper last week outlining the regulators‘ considerations
surrounding regulation of cryptocurrencies and seeking responses from the
crypto industry to shape future regulation of the sector in Canada.
The police in Calgary, Alberta, Canada announced they are searching for four
suspects that attacked cryptocurrency ATMs over 112 times with double-spend
attacks taking advantage of the ATMs zero-confirmations usage.
Stablecoin Tether (USDT), which has always claimed to be backed 1:1 to the
U.S. dollar, revealed through an update to its website that it may be backed by
other assets as well. Specifically, the website now reads that each tether is
backed by reserves which “from time to time, may include other assets and
receivables from loans made by Tether to third parties, which may include
affiliated entities.”
• James Pratt Auctions announced that on April 8th, 2019
it will hold the first live
property auction using cryptocurrencies.
• The Stock Exchange of Thailand announced that it has plans to have a
functioning digital asset platform in place in 2020.
â– BTC News:
• The Chicago Board Options Exchange (CBOE) will not add a new BTC futures
contract in March, the firm said last week in a statement. According to the
CBOE, the entity is re-evaluating its approach to how it handles trading digital
assets, noting that it does not intend to currently list additional BTC future
contracts for trading. The contracts that are currently listed will expire in June
2019 and CBOE noted that those futures are still available for trading.
â– Trading History YTD:
• So far 2019 has seen sharp price movements, both up and down, broken up by
periods of stability as the price of BTC tries to find direction. Two and a half
months into the year, the price of BTC is slightly higher than where it started on
January 1
st
.
â– Current Environment:
• The price of BTC has been increasingly stable to positive recently. Following a
volatile last week of February, March price movement has drifted slightly higher
over the course of the month so far.
• Volumes were similar week-over-week,
averaging 2.4 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
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$186 (US$139)
March 18, 12:05 pm
All figures in USD$, unless otherwise specified
Page 2 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.064
Current Mining Fee (USD):
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March 18, 2019
â– ETH News:
•
•
•
Citing a letter written by Jay Clayton, the U.S. Securities and Exchanges
Commission (SEC) chairman, in March 2019, non-profit crypto research
organization Coin Center reported that the SEC’s classification of a digital
asset as a security is “not static” and can change over time.
This statement aligns with SEC Director, William Hinman’s, earlier
announcement, which also alluded to Ether not being considered a security.
Ether continues to gain momentum over XRP with the gap in market
capitalization widening to over US$1.5 billion currently. XRP’s market
capitalization was higher than Ether’s as recent as January 2019.
â– Trading History YTD:
• After a positive start to the year, ETH declined for most of January before
gaining positive momentum in February and March. Accounting for both
movements up and down, the price of ETH is now trading above where it
started the year.
â– Current Environment:
• Similar to BTC, the price of ETH experienced a stable to positive week last
week, continuing the positive momentum it has seen for most of March.
• Volumes where higher for the week, averaging 32.8 million coins per day. Last
week‘s volumes were 31.4
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
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$0.42 (US$0.32)
March 18, 12:05 pm
All figures in USD$, 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 continued stability in the price of XRP has resulted a widening gap
between its market capitalization and that of the next largest cryptocurrency,
Ether. Only two months ago, XRP was the second largest cryptocurrency in
terms of market capitalization, behind only Bitcoin. After underperforming
major cryptocurrencies for most of 2019, XRP now sits firmly in third place at
a market capitalization of over US$1.5 billion lower than Ether.
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 gained back some of its losses last week, trending positively for most of
the week alongside positive momentum in the broader cryptocurrency
markets.
• Volumes for the week were lower, averaging 2.14 billion coins per day
compared to the previous week‘s volumes of 2.27 billion coins per day.
March 18, 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$80 (US$60)
March 18, 12:05 pm
All figures in USD$, 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
March 18, 2019
â– LTC News:
• No significant LTC related news last week.
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 price performance continued in LTC last week with the
currency trading up for most of the week, breaching US$60 at its
highest point before falling back slightly.
• Volumes for the week averaged 29.5 million coins per day. This was a
decrease from the previous week‘s volumes of 35.1 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$218 (US$163)
March 18, 12:05 pm
All figures in USD$, unless otherwise specified
Page 4 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.0034
Current Mining Fee (USD):
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March 18, 2019
â– BCH News:
•
•
Bitcoin Cash saw its price surge 20% last week, far outpacing positive
momentum in the broader cryptocurrency markets.
This price movement followed an announcement of the launch of
Neutrino, which is a BCH wallet that offers privacy to BCH users.
â– Trading History YTD:
• After drifting sideways to negative for most of 2019, the price of BCH
stabilized in March before benefiting from a price spike over the past
week. BCH is now up on the year, trading in excess of US$160versus
US$151 on January 1
st
, 2019.
â– Current Environment:
• The price of BCH was stable for most of last week before spiking over
the weekend. BCH is now up on the year for the second time since the
beginning of January 2019.
• Volumes for the week were higher compared to the previous week‘s
averaging 2.6 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:
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$124 (US$92)
March 18, 12:05 pm
All figures in USD$, 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
March 18, 2019
â– DASH News:
• Dash Text has launched a charity service where individuals can send
Dash via SMS. The service is currently in its pilot phase being tested by
50 students in need at the San Antonio school in Caracas, Venezuela. So
far, there have been around 60 transactions a day that have reportedly
been used to purchase over 1,000 lunches and 900 beverages.
• Dash Text remained in operation last week while much of Venezuela
experienced power blackouts, which limited payment processors‘ ability to
process payments including some cryptocurrency payments.
â– Trading History YTD:
• Since trading down during the first month of the year, the price of Dash
has experienced positive price momentum throughout February 2019 and
March 2019.
â– Current Environment:
• Positive momentum in the price of Dash continued last week, with a
gradual upward trend following a price spike earlier in the week. The price
of Dash is now well up on the year increasing from below US$80 at the
beginning of January to over US$90 today.
• Volumes for the week averaged 2.4 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
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$5.89 (US$4.41)
March 18, 12:05 pm
All figures in USD$, 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.
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NO MAX
SMART CONTRACTS
March 18, 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:
• ETC gained back some of its losses last week, trending positively for
most of the week alongside positive momentum in the broader
cryptocurrency markets.
• Volumes averaged 43.3 million coins a day which was substantially lower
than the previous week‘s volume of 52.4 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
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
March 18, 2019
