All figures in USD$, unless otherwise specified
In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.
Page 1 of 8
Bitcoin (BTC)
C$12,260 (US$9,323)
November 4, 2019 2:00 pm
â– General Cryptocurrency News:
• The Association of German Banks, a group that has over 200 banks as
members, is calling for a digital Euro as a way of speeding up transactions
versus the current system.
• The deadline to file a claim related to loss of funds in the Mt. Gox collapse
has been extended to 2020, from October 28, 2019.
• Vault12 is helping to de-risk private key loss with its newly launched private
key recovery software. This service allows an individual to divide a private
key and distributed to a number of trusted parties so that, if they lose access
to a wallet, a portion of the designated group can recreate the private key.
• As countries with unstable fiat currencies continue to adopt
cryptocurrencies, Paxful reported that year over year cryptocurrency trading
volume in South Africa has increased over 2,800%.
â– BTC News:
•
The Ontario Securities Commission released a decision that will allow 3iQ
Corp., a Canadian investment manager, to offer the world’s first publicly
traded Bitcoin investment fund. The fund is expected to list on one of the
major exchanges
and will use VanEck’s MV Index as the benchmark.
• Bitmain and Caanan, first and second largest provider of Bitcoin mining rigs,
have filed for IPOs with US Securities and Exchange Commission. Both
companies attempted a similar filing on the Hong Kong Stock Exchange but
both applications have lapsed.
â– Trading History YTD:
• Since the end of June, the price of BTC has traded sideways to negative
with positive price momentum continually countered by downward pressure
and the price of BTC looking to find a level it can support.
â– Current Environment:
• After a significant price spike the prior week, the price of BTC resumed its
sideways to negative trading trend last week, ending the week slightly below
where it began.
• Volumes for the week were lower, averaging 2.78 million coins per day.
Technical Trading Score*:
LOG IN TO VIEW
Date Of Inception:
2009
Primary Use:
CURRENCY
Coins Outstanding:
Maximum Coins:
18mm
21mm
POW or POS:
WORK
Current Mining Fee (USD):
~$0.476
Website:
https://bitcoin.org
Coin Profile
Bitcoin is a decentralized coin enabling revolutionary
means to exchange value across the globe. It continues
to be the biggest and most influential coin, encouraging
peer-to-peer payment networks powered by its users
with no central or middle authority.
November 4, 2019
Bitvo.com
Shane Thomson, CFA
shane@bitvo.growmeconsulting.ca
Andrei Novikov
andrei@bitvo.growmeconsulting.ca
All figures in USD$, unless otherwise specified
In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.
Page 2 of 8
Ether (ETH)
C$246 (US$187)
November 4, 2019 2:00 pm
â– ETH News:
• Microsoft has started taking early applications for preview of
their Azure Blockchain Token platform that is based on the
Ethereum network. The project will allow enterprises to issue
and manage a variety of assets while benefiting from non-
fungibility and ease of audit.
â– Trading History YTD:
• The price of ETH commenced the year relatively stable before
accelerating in May and then falling July onwards.
• While the price of ETH has given up most of its year to date
gains, it remains in positive territory on the year in USD terms.
• However, with the positive performance of BTC in 2019, ETH
has underperformed BTC, with the price of ETH in BTC terms
generally trending down since the end of February.
â– Current Environment:
• The price of ETH was volatile last week. Ultimately upward
movements outweighed downward pressure with the price of ETH
ending the week higher both in USD and BTC terms.
• Volumes for the week averaged 51.9 million coins per day, which is
slightly below than the previous week’s volumes of 53.8
million coins per day.
Technical Trading Score*:
LOG IN TO VIEW
Date Of Inception:
2014
Primary Use:
SMART CONTRACTS
Coins Outstanding:
107mm
Maximum Coins:
NO MAX
POW or POS:
WORK
Current Mining Fee (USD):
~$0.129
Website:
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.
Bitvo.com
November 4, 2019
Shane Thomson, CFA
shane@bitvo.growmeconsulting.ca
Andrei Novikov
andrei@bitvo.growmeconsulting.ca
In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.
Page 3 of 8
XRP
C$0.39 (US$0.30)
November 4, 2019 2:00 pm
â– XRP News:
• Ripple promoted XRP last week stating that it is one tenth as risky to
other international payments, primarily due to the speed in which
XRP is transferred between parties compared to a swift wire that can
take up to 14 days to be received and the uncertainty of the
exchange rate one will experience during this time.
â– Trading History YTD:
• XRP has underperformed other major cryptocurrencies so far in 2019,
with its price trending down or flat from January through May.
• While XRP participated in May and June’s almost universal
cryptocurrency price rally, it did not benefit to the same extent as other
major cryptocurrencies.
• Overall, the price of XRP is down on the year in USD terms and, as a
result of the above noted underperformance versus other
cryptocurrencies, the price of XRP has declined steadily in terms of
BTC since the beginning of 2019.
• However, for the first time in 2019, XRP has begun to outperform other
major cryptocurrencies recently increasing in both USD and BTC
terms for most of the past month.
â– Current Environment:
• In a volatile week last week, the price of XRP saw sharp movements
both up and down before settling down on the week both in USD and
BTC terms.
• This marks second week in a row that XRP has lost momentum against
BTC, after outperforming for the past month.
• Volumes for the week averaged 3.84 billion coins per day, which is
lower than the previous week’s volumes of 5.58 billion coins per day.
Technical Trading Score*:
LOG IN TO VIEW
Date Of Inception:
2012
Primary Use:
CURRENCY
Coins Outstanding:
Maximum Coins:
99.99 Billion
100 Billion
POW or POS:
CORRECTNESS
Current Mining Fee (USD):
~$0.0003
Website:
https://ripple.com/
Coin Profile
XRP is the decentralized native currency employed by
Ripple. Ripple is a settlement system, currency
exchange and remittance network created by Ripple
Labs Inc. It is built upon a distributed open source
internet protocol, and supports tokens representing fiat
currency or cryptocurrency. The company purports to
enable "secure, instantly and nearly free global financial
transactions of any size with no chargebacks."
All figures in USD$, unless otherwise specified
November 4, 2019
Bitvo.com
Shane Thomson, CFA
shane@bitvo.growmeconsulting.ca
Andrei Novikov
andrei@bitvo.growmeconsulting.ca
All figures in USD$, unless otherwise specified
In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.
Page 4 of 8
Bitcoin Cash (BCH)
C$382 (US$291)
November 4, 2019 2:00 pm
â– BCH News:
• No significant BCH related news last week.
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.
• The price of BCH has trended sideways since the beginning of April
in USD terms and negatively in BTC terms over the same period.
â– Current Environment:
• Overall, the price of BCH experienced positive momentum last week
in both USD and BTC terms with a price spike early last week
followed by a few days of consolidation before upward momentum
resumed again later in the week.
• Volumes were slightly higher week-over-week, averaging 10.6 million
coins per day compared to the previous week
‘s 10.1 million coins per
day.
Technical Trading Score*:
LOG IN TO VIEW
Date Of Inception:
2017
Primary Use:
CURRENCY
Coins Outstanding:
18mm
Maximum Coins:
21 mm
POW or POS:
WORK
Current Mining Fee (USD):
~$0.0011
Website:
https://www.bitcoincash.org/
Coin Profile
Bitcoin Cash is peer-to-peer electronic cash for the
Internet. It is fully decentralized, with no central bank and
requires no trusted third parties to operate. Bitcoin Cash
is the continuation of the Bitcoin project as peer-to-peer
digital cash. It is a fork of the Bitcoin blockchain ledger,
with upgraded consensus rules that allow it to grow and
scale.
November 4, 2019
Bitvo.com
Shane Thomson, CFA
shane@bitvo.growmeconsulting.ca
Andrei Novikov
andrei@bitvo.growmeconsulting.ca
All figures in USD$, unless otherwise specified
In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.
Page 5 of 8
Litecoin (LTC)
C$81 (US$62)
November 4, 2019 2:00 pm
â– LTC News:
• No significant Litecoin related news last week
â– Trading History YTD:
• Having started 2019 as a relative outperformer in comparison to other
major cryptocurrencies, the price of LTC lost momentum in April
onwards, but for a brief recovery in June.
• The price of LTC in USD terms has traded in positive territory for all of
2019 year to date. However, as a result of the above noted recent
underperformance, the price of LTC is now down on the year in BTC
terms.
â– Current Environment:
• The price of LTC traded sideways for most of the week last week before
accelerating over the weekend and into this week in USD and BTC
terms.
• Volumes last week averaged 58.3 million coins per day which was lower
than the previous week’s volume of 62.8 million coins per day.
Technical Trading Score*:
LOG IN TO VIEW
Date Of Inception:
2011
Primary Use:
CURRENCY
Coins Outstanding:
Maximum Coins:
62mm
84 mm
POW or POS:
WORK
Current Mining Fee (USD):
~$0.035
Website:
https://litecoin.com/
Coin Profile
Litecoin is a peer-to-peer cryptocurrency and
open source software project released under the
MIT/X11 license. Creation and transfer of coins is
based on an open source cryptographic protocol and is
not managed by any central authority. The coin was
inspired by, and in technical details is nearly identical to,
Bitcoin.
November 4, 2019
Bitvo.com
Shane Thomson, CFA
shane@bitvo.growmeconsulting.ca
Andrei Novikov
andrei@bitvo.growmeconsulting.ca
All figures in USD$, unless otherwise specified
In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.
Page 6 of 8
DASH (DASH)
C$96 (US$73)
November 4, 2019 2:00 pm
â– DASH News:
• Cryptoworth, a cryptocurrency multi-purpose asset management
solution, integrated Dash into the platform, providing tools to serve
accountants, miners, investors, traders, managers, and enterprises.
The integration of Dash will enable users to manage their assets
across multiple wallets, exchanges, transaction histories, and even
have business tools that allow employee management.
• Crypto ATM company BGST added Dash last week, doubling the Dash
ATM count in the Netherlands and Belgium. BGST’s ATMs allow
customers to buy €1,000 per wallet before having to register, after
which they can purchase up to €10,000 per day.
• Cryptocurrency brokerage platform Uphold has partnered with
Cornerstone Global Management, LLC to facilitate their CP3 (Crypto
Pay and Pension Plan) program allowing consumers to receive a
portion of their paychecks in Dash.
â– Trading History YTD:
• After a generally stable start to the year, the price of Dash increased in
USD terms from April through June before declining July onwards.
• Accounting for movements both up and down, the price of Dash is now
in negative territory for the year both in USD and BTC terms.
â– Current Environment:
• Downward price pressure on Dash continued last week with the price of
Dash grinding sideways to downward both in USD and BTC terms.
• Volumes were lower week-over-week, averaging 2.8 million coins per
day.
Technical Trading Score*:
LOG IN TO VIEW
Date Of Inception:
2014
Primary Use:
CURRENCY
Coins Outstanding:
9 mm
Maximum Coins:
22 mm
POW or POS:
STAKE
Current Mining Fee (USD):
~$0.006
Website:
https://www.dash.org/
Coin Profile
Dash is an open source peer to peer cryptocurrency. On
top of Bitcoin’s feature set,
it currently offers instant
transactions, private transactions and operates a self-
governing and self-funding model that enables the Dash
network to pay individuals and businesses to perform
work that adds value to the network. Dash’s
decentralized governance and budgeting system makes
it a decentralized autonomous organization.
November 4, 2019
Bitvo.com
Shane Thomson, CFA
shane@bitvo.growmeconsulting.ca
Andrei Novikov
andrei@bitvo.growmeconsulting.ca
All figures in USD$, unless otherwise specified
In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.
Page 7 of 8
November 4, 2019
Bitvo.com
Ethereum Classic (ETC)
C$6.54 (US$4.97)
November 4, 2019 2:00 pm
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 benefited from broader spring momentum in the cryptocurrency
space, trading generally positively from April through the end of June,
before correcting again July onwards in terms of USD.
• However, ETC has generally underperformed other major
cryptocurrencies with its price trending negatively throughout most of
the year to date in terms of BTC.
â– Current Environment:
• The price of ETC was stable last week, trending sideways for most of
the week in USD and BTC terms.
• Volumes were higher week-over-week, averaging 126.3 million coins
per day compared to the previous week’s volumes of 139.7 million
coins per day.
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.
Shane Thomson, CFA
shane@bitvo.growmeconsulting.ca
Andrei Novikov
andrei@bitvo.growmeconsulting.ca
Technical Trading Score*:
LOG IN TO VIEW
Date Of Inception:
2016
Primary Use:
SMART CONTRACTS
Coins Outstanding:
112MM
Maximum Coins:
NO MAX
POW or POS:
WORK
Current Mining Fee (USD):
~$0.002
Website:
https://ethereumclassic.org/
Bitvo.com
November 4, 2019
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
