Market Watch August 9

Bitcoin and Ethereum

BTC has hit a three-week low within the last 24 hours following a new SEC announced that the CBOE Bitcoin ETF decision has been postponed. BTC trades at $6348 at press time while ETH suffered a similar fate and slumped to $362, a 4% decline from the previous day stats.

The total market cap is $224 billion

BTC’s market cap is $109 billion

BTC dominance at 48.7%

Major Crypto Headlines

US SEC Postpones Decision Regarding Bitcoin Exchange Traded Fund

Brian Kelly: If You’re Selling Bitcoin Because of ETF Delay, You’re Doing it Wrong

Intuit Scores Patent for Processing Bitcoin Payments With Text Messages

Significant Gainers And Losers

Patron (+65.29%)

Patron (PAT) ended the last 24hr with a 62 percent increase against the dollar, trading at $0.019989. Looking at PAT historical, the token hit a seven-days high in the last 24 hours, an obvious case of a pump and dump operation to lure investors. At the time of writing, Patron has a trading volume of $215,597 with a market cap of $5,061,074.

DAEX (+23.87%)

The last 24 hours was a big day for DAEX (DAX) as it traded 21 percent higher against the USD. The new price came after DAX entered the Singaporean market by signing a strategic partnership with token exchange “Tokenomy.” However, trading of DAX tokens has been temporarily stopped across all six exchanges and will resume on September 15, 2018. DAX currently trades at $0.0786, with a volume of $6,122,567.

QunQun (+20.89%)

QunQun (QUN) ended the previous day with a 20.89 percent surge against the USD, with a market price of  $0.012147 and a volume of $1,787,969. QUN Historical data from the last 7 days shows a steady fall from a recent high. Investors can only hope that the price doesn’t dip further.

MyBit Token (-40.08%)

MyBit Token (MYB) saw a massive drop of 41 percent against the USD, trading at  $0.034 with a volume of $160,392. Watching closely, one would see that the sell orders are very thing, and the recent dip may have been a pump and dump operations that failed terribly.