Crypto Market Analysis

Daily Crypto Update 16.07.2018 – Green Is Back

The market is in green starting the week and there are increasing buys all around the charts. The market capitalisation increased by 13 billion in the last 24-H and its at this moment at $266.126.831.888. BTC has raised up to $6,662 this morning, gaining 3.65%. The top 10 of the cryptocurrencies are in green except for Tether that has lost 0.07% in the last 24-H.  Only 6 coins of the top 100 are in negative today: KuCoin Shares -4,35%, VeChain  -3,49%, Bitcoin Diamond -2,30%, Mithril -1,68%, Mixin -0,41%, Tether -0,07%.

General Overview

Market Cap: $265.849.858.039


24h Vol: $14.456.486.402

BTC Dominance: 42.5%

Daily Crypto Update 16.07.2018

Top 100 Gainers of the day

TenX PAY 57,41%
MCO MCO 16,79%
Kin KIN 16,74%
Power Ledger POWR 12,62%
BitShares BTS 12,00%

Top 100 Losers of the day

KuCoin Shares KCS -4,35%
VeChain VEN -3,49%
Bitcoin Diamond BCD -2,30%
Mithril MITH -1,68%
Mixin XIN -0,41


India’s Central Bank Spells Out Crypto Objections as Panel Readies Regulations
The Reserve Bank of India (RBI), which admitted last month that it clamped down on cryptocurrencies without much discussion, has expanded on its objections, as a government panel considers a draft of regulations.

‘Bond Coin’: Thailand Plans Blockchain Token for Instant Securities Settlement
A prominent securities markets body in Thailand is preparing a blockchain-based token that will power instant clearing and settlements of corporate bonds.
After researching blockchain technology for a bond registrar services platform, the Thai Bond Market Association (TBMA) has revealed its intention to create a “Bond Coin”, a custom token on a private blockchain between permissioned participants including issuers and investors alongside regulators and registered firms.

81% of ICOs Are Scams, U.S. Losing Token Sale Market Share: Report
Initial coin offering (ICO) promoters have been widely successful with regards to the number of projects they have been able to at least partially fund. On matters of quality, perhaps not so much.
According to a report prepared by Satis Group Crypto Research, around 81% of the total number of initial coin offerings launched since 2017 have turned out to be scams. In dollar terms, however, only 11% of the approximately US$12 billion that has been raised in these projects went to these fraudulent ICOs.



The pair is receiving a lot of charge from the bulls today and jumped 5% in just 4 hours this morning. The price stopped close to $6,629 where the bears started to put their barriers. The price is now sitting around $6,622 over the EMA-200 and has crossed all the daily pivots. This EMA-200 was a very strong resistance for Bitcoin, if this breakout is confirmed, as I think it is right now, we could see the price moving towards $6,716 in the upcoming hours.


Market sentiment

4-H chart technicals signal a Bullish sentiment.

Oscillators are in the overbought zone and in a flat position.

Pivot points

R3 6566.71
R2 6477.23
R1 6411.65
PP 6322.16
S1 6256.58
S2 6167.10
S3 6101.52


ETH price is up 5.44% in the last 24 hours and the technical indicators are showing that the bullish momentum could keep dominating in the next hours. The price is now testing the EMA-200 resistance around $478 after an incredible raise from $425 started last Friday, the price should find support around the Pivot R2 at $469 in the near-term, also the 23.6% Fibo Retracement could prevent further declines at $465.


Market sentiment

4-H chart technicals signal a Bullish sentiment.

Oscillators are in the overbought zone, showing buy signals and pointing up.

Pivot points

R3 482.56
R2 468.67
R1 459.09
PP 445.19
S1 435.61
S2 421.72
S3 412.14


XRP started the week with big positive numbers following the Bitcoin raise during the last days. The price is now sitting at $0.4670 just over the Pivot R3 after initiating the big movement from the central pivot point at $0.4439. The price accumulates winnings of 4.28% in the last 24 hours.


Market sentiment

4-H chart technicals signal a Strongly Bullish sentiment.

Oscillators are showing buy signals and pointing up.

Pivot points

R3 0.4664
R2 0.4579
R1 0.4527
PP 0.4441
S1 0.4389
S2 0.4304
S3 0.4251


The bulls remain in control of the market and will most likely continue during the upcoming sessions as well, because of a confirmed Bitcoin bullish intention that could send the price even higher, dragging most of the alts behind it.


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