Bitvo.com
Bitcoin (BTC)
C$5,340 (US$3,982)
March 25, 12:40 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):
~$0.277
Website:
https://bitcoin.org
March 25, 2019
All figures in USD$, unless otherwise specified
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â– General Cryptocurrency News:
• CoinMarketCap announced that it will launch two cryptocurrency
benchmark indices with major financial partners including Nasdaq,
Bloomberg and Thomson Reuters, among others. The indices will cover the
top 200 cryptocurrencies by market capitalization, one including bitcoin and
one without.
• Venture capitalist investor and cryptocurrency advocate Tim Draper met
with Argentina’s president, Mauricio Macri, last week to discuss how
blockchain and cryptocurrency can improve major problems in Argentina’s
economy, including the devaluation of the Argentine peso and associated
brain drain.
• Six global banks have signed up to issue their own stablecoins, backed by
their national fiat currencies, on IBM’s now-live blockchain-powered
payments network, “World Wire”.
• Jack Dorsey, CEO of Twitter and Square, announced he is hiring a team of
cryptocurrency engineers to work on an “open source contribution to a
bitcoin and cryptocurrency ecosystem”. Dorsey also stated that the idea of
paying employees in cryptocurrency is part of an overall aim to improve the
broader crypto ecosystem.
• The Swiss Federal Council has begun their consultation period for adopting
laws in Switzerland as it pertains to blockchain and cryptocurrency. The
consultation is expected to run through the end of June 2019.
• Also in Switzerland, the largest Swiss online retailer, Digitec Galaxus, is
now accepting payment in ten different cryptocurrencies.
â– BTC News:
• China’s Center for Information and Industry Development released it’s 11th
update to their rankings of cryptocurrency projects. Bitcoin was rated down two
spots coming in at 15th. The rankings are based on three criteria: technology,
creativity and applicability.
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. Overall, positive
movements have outweighed negative with the price of BTC over 5% higher
today than where it started on January 1st.
â– Current Environment:
• The price of BTC was relatively stable last week, ending the week
approximately where it began.
• Volumes were steady 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:
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$181 (US$135)
March 25, 12:40 pm
All figures in USD$, 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
March 25, 2019
â– ETH News:
• Ethereum co-founder Joseph Lunbin spoke at the SXSW conference in Austin
last week. Joseph discussed predictions that blockchain technology will
dominate the economy in ten years and that Ethereum 2.0 will reduce the
inefficiencies that currently plague it and bitcoin with respect to scalability and
power needs.
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:
• The price of ETH was stable to slightly negative last week, ending the week
down an immaterial US$3.
• Volumes for the week averaged 32.8 million coins per day, this is similar to last
weeks volume.
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$0.41 (US$0.30)
March 25, 12:40 pm
All figures in USD$, 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:
• IBM has revealed that it is in advanced stages of talks with many major
banks interested in creating their own coins for internal and remittance
payments. J.P. Morgan previously announced it is creating an in-house coin
for this purpose. As one of XRP’s major utilities is to facilitate remittances
across borders, some industry participants speculate that if banks start
creating their own coins there is potential for XRP’s utility to be reduced.
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:
• Downward price pressure continued for XRP last week with its price trending
negatively for most of the week.
• Volumes for the week were higher, averaging 2.24 billion coins per day
compared to the previous weeks volumes of 2.14 billion coins per day.
March 25, 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$80 (US$59)
March 25, 12:40 pm
All figures in USD$, 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
March 25, 2019
â– LTC News:
• In an interview last week, Litecoin founder Charlie Lee talked about
how the Litecoin Foundation is taking advantage of the current market
downturn to further build out the product with a focus on fungibility and
privacy.
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:
• Litecoin’s positive momentum paused last week as the coin traded
sideways for most of the week, ending the week with a price slightly
below where it started.
• Volumes for the week averaged 31.4 million coins per day. This was
an increase from the previous weeks volumes of 29.5 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:
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$214 (US$160)
March 25, 12:40 pm
All figures in USD$, 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
March 25, 2019
â– BCH News:
• Leading Bitcoin Cash developer, Amaury Sechet, announced his
departure from the development team of BCH node software Bitcoin
Unlimited.
• Avnet, Inc. a publicly traded company with a market capitalization of
approximately US$4.5 billion announced it is working with Bitpay to
help facilitate customer payments in BCH and BTC.
â– Trading History YTD:
• After drifting sideways to negative for most of 2019, the price of BCH
stabilized and then traded positive for March. BCH is now up on the
year.
â– Current Environment:
• Coming off a price spike the prior week, the price of BCH traded
stable to positive for most of last week.
• Volumes for the week were higher compared to the previous weeks
averaging 2.9 million coins per day compared to the previous weeks
volumes of 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$90)
March 25, 12:40 pm
All figures in USD$, 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 25, 2019
â– DASH News:
• WinstantPay, a global payment network, has integrated Dash InstantSend
to allow merchants to instantly lock-in exchange rates and convert their
crypto to fiat at the time of a consumer purchase. The integration should
assist with increased adoption of Dash as it eliminates the exchange rate
risks for merchants.
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 and
March, 2019.
â– Current Environment:
• Similar to many major cryptocurrencies last week, the price of Dash traded
sideways to slightly negative over the course of the week.
• Volumes for the week were in line with the previous weeks volumes
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:
2016
Primary Use:
10
9
mm
Coins Outstanding:
Maximum Coins:
POW or POS:
WORK
Website:
https://ethereumclassic.org/
Ethereum Classic (ETC)
C$6.32 (US$4.71)
March 25, 12:40 pm
All figures in USD$, 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
March 25, 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:
• After experiencing positive price momentum to start the week, the price
of ETC traded negatively for the second half of the week. Overall, ETC
ended up on the week, accounting for both positive and negative
movements.
• Volumes averaged 62.9 million coins a day which was substantially
higher compared to ETC’s previous weeks volumes which averaged 43.3
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.
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March 25, 2019
