Bitvo.com
Bitcoin (BTC)
C$13,509 (US$10,304)
July 22, 1:30 pm
Shane Thomson, CFA
shane@bitvo.com
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:
21mm
POW or POS:
WORK
Current Mining Fee (USD):
~$1.46
Website:
https://bitcoin.org
July 22, 2019
All figures in USD$, unless otherwise specified
LOG IN TO VIEW
â– General Cryptocurrency News:
•
Facebook’s proposed cryptocurrency, Libra, continues to receive scrutiny
from governments globally. Last week the G7 stated that any private
company issuing a currency would need to be heavily regulated.
•
Iran has stopped allowing for the importation of crypto mining units, stating
the ban is temporary as the government figures out how they want to deal
with the increased power demand that mining is using.
•
To that end, the Iranian Economic Commissions has reportedly finalized a
tariff structure for cryptocurrency miners. The tariff structure has not been
disclosed at this point as it is awaiting approval from the Cabinet of Iran,
but it is said to take into consideration market factors such as fuel prices in
the Persian Gulf.
•
Greyscale Investments, a crypto investing fund, announced an all-time high
assets under management of US$2.7 billion.
â– BTC News:
•
Trading volumes continue to recover in 2019 with the value of daily Bitcoin
transactions up over 200% last week compared to three months ago.
•
This correlates with the increase in mining fees that have been
experienced for transactions in the last three months
•
The City Council of Toronto suburb Richmond Hill voted in favour of
finalizing an agreement with a third-party cryptocurrency provider that will
allow people to pay property taxes in Bitcoin.
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 and climbed steadily throughout May
and June before correcting at the end of June.
Current Environment:
•
The price of BTC continued to look for direction last week, ending the week
down slightly after some volatile moves in both directions.
•
Volumes for the week averaged 2.2 million coins per day, which is in line
with 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:
2014
Primary Use:
SMART CONTRACTS
Coins Outstanding:
107mm
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$283 (US$216)
July 22, 1:30 pm
All figures in USD$, unless otherwise specified
Page 2 of 8
Shane Thomson, CFA
shane@bitvo.com
403.407.0046
~$0.24
Current Mining Fee (USD):
LOG IN TO VIEW
July 22, 2019
â– ETH News:
•
It has been reported that Ethereum is considering integrating with the
Bitcoin Cash blockchain temporarily to help deal with scalability issues in
advance of the release of Ethereum 2.0.
â– Trading History YTD:
•
The price of ETH commenced the year relatively stable before
accelerating in May and then stabilizing to falling slightly in June and July,
while still remaining in positive territory on the year.
•
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:
•
Similar to the price of BTC, the price of ETH continued to look for direction
last week. After some sharp movements both up and down, ETH ended
down on the week in USD terms but up slightly compared to BTC.
•
Volumes for the week averaged 38.9 million coins per day, which is higher
than the previous week’s volumes of 33.1 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:
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$0.32)
July 22, 1:30 pm
All figures in USD$, unless otherwise specified
Page 3 of 8
Shane Thomson, CFA
shane@bitvo.com
403.407.0046
~$0.0006
Current Mining Fee (USD):
LOG IN TO VIEW
100 Billion
â– XRP News:
•
Traditional fiat money mover the Society for Worldwide Interbank Financial
Telecommunications (SWIFT) announced a successful trial of instant
cross-border transfers in Asia, challenging Ripple’s international
remittance advantage via XRP. According to a press release issued by
SWIFT last week, the trial performed instant payments between 17 banks
located in Australia, China, Canada, Luxembourg, the Netherlands,
Singapore, and Thailand, taking up to 25 seconds, with the fastest taking
13 seconds.
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.
•
As a result of the above, the price of XRP has declined steadily in terms of
BTC since the beginning of 2019.
â– Current Environment:
•
XRP outperformed other major cryptocurrencies last week, ending up on
the week both in USD and BTC terms after movements both up and down
throughout the week.
•
Volumes for the week were higher, averaging 4.79 billion coins per day
compared to the previous week’s volumes of 4.53 billion coins per day.
July 22, 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
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$94)
July 22, 1:30 pm
All figures in USD$, unless otherwise specified
Page 5 of 8
Shane Thomson, CFA
shane@bitvo.com
403.407.0046
~$0.0731
Current Mining Fee (USD):
LOG IN TO VIEW
July 22, 2019
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 some momentum in April
onwards, but for a brief recovery in June.
•
Until the end of June, the price of LTC in USD terms has traded
positively for most of the year in 2019.
•
However, as a result of the above noted recent underperformance, the
price of LTC in terms of BTC is now down on the year.
â– Current Environment:
•
The price of LTC ended the week up last week, both in USD and BTC
terms as LTC was one of the outperformers last week.
•
Volumes last week averaged 41.7 million coins per day which was higher
than the previous week’s volume of 37.1 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
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$405 (US$309)
July 22, 1:30 pm
All figures in USD$, unless otherwise specified
Page 4 of 8
Shane Thomson, CFA
shane@bitvo.com
403.407.0046
~$0.005
Current Mining Fee (USD):
LOG IN TO VIEW
July 22, 2019
â– BCH News:
•
No significant Bitcoin Cash 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 tended sideways since the beginning of April in
USD terms and negative in BTC terms over the same period.
â– Current Environment:
•
The price of BCH continued to mirror that of BTC last week, spiking
both up and down but ending the week slightly down overall in terms of
USD.
•
As a result, the price of BCH in BTC terms was relatively flat on the
week.
•
Volumes were higher week-over-week, averaging 6.2 million coins per
day compared to the previous week’s volumes of 4.9 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– DASH News:
•
Travala, which integrated Dash last year, has now officially partnered
with Dash Core Group as its travel partner, in addition to offering a 5%
Dash-back discount on purchases made with Dash. Travala cited Dash’s
maturity within the space and focus on creating a cryptocurrency that can
actually be used for payments as a reason for the partnership and
discount.
•
iQCashNow has integrated Dash into 250 of its ATMs located throughout
Europe. Approximately 40% of iQCashNow’s ATMs are two-way (buying
and selling cryptocurrency with fiat), while the rest are only one-way
(buying cryptocurrency with fiat).
â– Trading History YTD:
•
After a generally stable 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 sold off sharply in USD terms at the beginning of last
week before recovering throughout the balance of the week.
•
Overall, the price of Dash ended the week down in both USD and BTC
terms.
•
Volumes were similar week-over-week, averaging 2.2 million coins per
day.
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$150 (US$114)
July 22, 1:30 pm
All figures in USD$, unless otherwise specified
Page 6 of 8
Shane Thomson, CFA
shane@bitvo.com
403.407.0046
~$0.0142
Current Mining Fee (USD):
LOG IN TO VIEW
July 22, 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:
2016
Primary Use:
112 mm
Coins Outstanding:
Maximum Coins:
POW or POS:
WORK
Website:
https://ethereumclassic.org/
Ethereum Classic (ETC)
C$8.33 (US$6.35)
July 22, 1:30 pm
All figures in USD$, unless otherwise specified
Page 7 of 8
Shane Thomson, CFA
shane@bitvo.com
403.407.0046
~$0.0023
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
July 22, 2019
â– ETH Classic News:
•
No significant Ethereum Classic 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 from April through the end of June, before
correcting again in July 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 outperformed other major cryptocurrencies last week,
trending up both in USD and BTC terms for most of the week.
•
Volumes were higher week-over-week, averaging 102.8 million coins
per day compared to the previous week’s volumes of 90.5 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
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
July 22, 2019
