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Kraken Daily Market Report for April 18 2021

Republished by Plato

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Overview


  • Total spot trading volume at $4.97 billion, 188% above the 30-day average of $1.72 billion.
  • Total futures notional at $1.51 billion.
  • The top five traded coins were, respectively, Bitcoin, Ethereum, Tether, Dogecoin, and Ripple.
  • Most coins dropped early in the day, then had a partial recovery. Nano ended +4.8% over USD.

April 18, 2021 
 $4.97B traded across all markets today
 Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD 
XBT 
$56459. 
↓6.2% 
$1.86B
ETH 
$2223.4 
↓4.4% 
$741.6M
USDT 
$1.0017 
↑0.09% 
$615.8M
XDG 
$0.2821 
↓1.7% 
$432.3M
XRP 
$1.3747 
↓11% 
$352.8M
ADA 
$1.2471 
↓9.2% 
$181.1M
DOT 
$36.781 
↓13% 
$155.8M
LTC 
$268.80 
↓11% 
$141.0M
USDC 
$0.9999 
↑0.0% 
$115.1M
BCH 
$938.65 
↓5.8% 
$76.3M
LINK 
$36.865 
↓7.8% 
$73.0M
SC 
$0.0466 
↓14% 
$72.5M
TRX 
$0.1418 
↓9.3% 
$51.2M
NANO 
$10.989 
↑4.8% 
$48.1M
XLM 
$0.5256 
↓11% 
$35.6M
XMR 
$331.50 
↓9.1% 
$27.3M
EOS 
$6.8496 
↓13% 
$27.0M
ATOM 
$21.630 
↓11% 
$25.6M
XTZ 
$6.1726 
↓13% 
$25.0M
MANA 
$1.3194 
↓14% 
$23.5M
FIL 
$160.68 
↓12% 
$21.3M
ALGO 
$1.4729 
↓14% 
$20.5M
KSM 
$412.94 
↓10.0% 
$20.0M
ETC 
$36.367 
↓4.8% 
$19.9M
ZEC 
$240.13 
↓15% 
$18.4M
DASH 
$311.42 
↓13% 
$16.4M
UNI 
$31.907 
↓8.3% 
$14.0M
DAI 
$1.0012 
↑0.12% 
$13.2M
AAVE 
$390.19 
↓8.6% 
$12.9M
QTUM 
$15.016 
↓13% 
$12.1M
FLOW 
$33.090 
↓6.3% 
$10.9M
GRT 
$1.7003 
↓12% 
$9.81M
CRV 
$3.2294 
↓15% 
$9.07M
BAT 
$1.3331 
↓9.8% 
$8.31M
OMG 
$8.2017 
↓13% 
$8.3M
STORJ 
$2.0384 
↓14% 
$7.33M
SNX 
$18.296 
↓9.9% 
$7.19M
ICX 
$2.3884 
↓12% 
$6.85M
KAVA 
$5.5977 
↓14% 
$6.36M
YFI 
$48234. 
↓1.3% 
$6.03M
OCEAN 
$1.4587 
↓12% 
$5.28M
OXT 
$0.7190 
↓10% 
$4.47M
WAVES 
$13.409 
↓14% 
$4.26M
COMP 
$489.16 
↓9.1% 
$4.17M
ANT 
$9.0440 
↓13% 
$3.49M
KNC 
$2.9529 
↓12% 
$2.86M
KEEP 
$0.6134 
↓11% 
$2.65M
PAXG 
$1788.4 
↓0.3% 
$2.52M
LSK 
$5.7284 
↓12% 
$2.12M
BAL 
$56.284 
↓8.0% 
$1.78M
EWT 
$18.732 
↓4.6% 
$1.53M
REP 
$45.033 
↓11% 
$1.52M
GNO 
$169.51 
↓6.2% 
$1.06M
MLN 
$84.152 
↓5.6% 
$990K
REPV2 
$44.575 
↓12% 
$796K
TBTC 
$57834. 
↓6.3% 
$203K



#####################. Trading Volume by Asset. ##########################################

Trading Volume by Asset


The figures below break down the trading volume of the largest, mid-size, and smallest assets. Cryptos are in purple, fiats are in blue. For each asset, the chart contains the daily trading volume in USD, and the percentage of the total trading volume. The percentages for fiats and cryptos are treated separately, so that they both add up to 100%.

Figure 1: Largest trading assets: trading volume (measured in USD) and its percentage of the total trading volume (April 18 2021)



Figure 2: Mid-size trading assets: (measured in USD) (April 18 2021)



Figure 3: Smallest trading assets: (measured in USD) (April 18 2021)



#####################. Spread %. ##########################################

Spread %


Spread percentage is the width of the bid/ask spread divided by the bid/ask midpoint. The values are generated by taking the median spread percentage over each minute, then the average of the medians over the day.

Figure 4: Average spread % by pair (April 18 2021)



.


#########. Returns and Volume ############################################

Returns and Volume


Figure 5: Returns of the four highest volume pairs (April 18 2021)


Figure 6: Volume of the major currencies and an average line that fits the data to a sinusoidal curve to show the daily volume highs and lows (April 18 2021)



###########. Daily Returns. #################################################

Daily Returns %


Figure 7: Returns over USD and XBT. Relative volume and return size is indicated by the size of the font. (April 18 2021)



###########. Disclaimer #################################################

The values generated in this report are from public market data distributed from Kraken WebSockets api. The total volumes and returns are calculated over the reporting day using UTC time.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://blog.kraken.com/post/8686/kraken-daily-market-report-for-april-18-2021/

Blockchain

More Crypto Gains, Less Carbon Emissions: Platform Plants Trees for Every Trader

Republished by Plato

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By now you’ve probably already heard the scary headlines…

“Bitcoin is killing the polar bears!” – anon

Heads Up: If you aren’t ready to save the world, skip to the end of this article to get yourself access to some awesome trading signals and tools for free.

According to the Cambridge Center for Alternative Finance (CCAF), Bitcoin sucks up around 147 Terawatt Hours per year — 0.68% of global electricity production. In more easy to understand terms that’s around the same power usage as the entire country of Sweden, or Poland.

But is it that simple? No.

 

The reality is that yes the cryptocurrency industry is eating up a lot of power. But the same can be said for almost anything.

If you don’t enjoy Formula 1 racing, you might be tempted to say that it’s a total waste of time, money and a pointless contributor towards rising sea levels and climate change.

Whether or not Bitcoin is worth the environmental/energy cost is up for debate in much the same way.

Why care? Underwater trading is not fun!

Let’s go ahead and say we agree with scientific consensus that global warming is bringing us towards a period of extreme climate change and rising sea levels. Many island nations and countries with coastline are at risk including the densely populated cities such as London, UK.

If you already lose sleep over trades that are sat underwater for a few hours, it’s probably safe to assume that you aren’t going to have a good time if you need scuba gear to degen long your favourite alts a few years from now!

 

 

How you can save the world and make better trades

The ProfitFarmers platform is built from the ground up to be your Crypto Co-Pilot. Including expert level signals, copy-trade technology  and advanced trading terminals and tools!

So, Scuba Diver or Astronaut?

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And take interstellar voyages to VENUS…

 

Great gains are awesome, but we wanted to help traders all around the world reduce their carbon footprint without needing compromise on their trading performance.

We’ve decided to team up with One Tree Planted in an effort to stem the Earth’s bleeding.

 

Here’s the bottom line: For every user on our platform, every month we will be planting one Tree!Check out our blog post to find out how you can improve your trading game, make some great gains and start planting some trees now!

Want to get your toes wet for FREE?

If you aren’t ready to save the world just yet (or join us here at ProfitFarmers) then don’t worry. We’ve got something for you that can still help you make more gains from your crypto trading adventure.

We recently created the ‘ProfitFarmers Moon Bag’, free for serious traders. It’s a selection of our advanced tools and scanners as well as market intel and premium signals.
If you have Telegram you can dive straight in by using this link to join the party. Just don’t forget to get access to the tools and education afterwards!

All we ask is that you donate some of your trading gains to environmental causes.

Yep signals just like this for free!

 

Source :- Plato

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Blockchain

Chinese officials warn about risks associated with crypto trading.

Republished by Plato

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Chinese officials warned the public about the risks associated with trading cryptocurrencies. The authorities pointed out three major considerations which might harm investors – false transactions, security breaches, and illegal and criminal activities involving cryptocurrencies. According to the China Financial Stability Report, investors should be extra vigilant when operating with bitcoin and other cryptocurrencies. Officials from China Securities Journal have called for better regulation and pointed out major risks involving crypto trading.

“Cryptocurrencies lack supervision and legal protection.”

Cryptocurrencies are highly decentralized, which means they lack supervision and legal protection. According to the journal, this is a huge disadvantage and can cause price manipulation and false transactions. Another concern that Chinese officials expressed is that the price of most cryptocurrencies, including bitcoin, can easily become an instrument for speculation and can go through sharp declines.’ The report also noted that the movement of funds on blockchain technology is difficult to be observed. This can create an excellent environment for money laundering. Additionally, illegal and criminal activities can also thrive with these conditions as lawbreakers have the opportunity to make drugs or gun transactions using cryptocurrencies. 

“There are no legal crypto trading venues in the country and no regulatory protections.”

The Chinese authorities advised that the crypto community must stay alert to prevent these hazards due to these factors. Furthermore, China Securities Journal reminded that there are no legal crypto trading venues in the country and no regulatory protections.” Once you encounter risks, you can only bear the consequences. In short, speculation in coins is risky, and you need to be cautious when entering the market,” the report noted. However, despite the Chinese government’s stance, the leading cryptocurrency bitcoin is highly popular in China – there’s a high number of miners situated in the large Asian nation.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://chaintimes.com/chinese-officials-warn-about-risks-associated-with-crypto-trading/

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Blockchain

China Securities Journal Says Cryptocurrency Trading Is Risky and Calls for Strict Supervision

Republished by Plato

Published

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Chinese officials warned the public about the risks associated with trading with digital assets. The authorities pointed out three major considerations which might harm investors – false transactions, security breaches, and illegal and criminal activities involving cryptocurrencies.

Tighter Regulations on Crypto Trading

According to the China Financial Stability Report, investors should be extra vigilant when operating with bitcoin and other crypto assets. Officials from China Securities Journal have called for better regulation and pointed out three major risks that trading with digital assets may carry.

First, digital assets are highly decentralized, which means they lack supervision and legal protection. According to the journal, this is a huge disadvantage and can cause price manipulation and false transactions.

Second, the price of most cryptocurrencies, including bitcoin, can easily become an instrument for speculation and can go through sharp declines.’

Third, the movement of funds on blockchain technology is difficult to be observed. This can create an excellent environment for money laundering. Additionally, illegal and criminal activities can also thrive with these conditions as lawbreakers have the opportunity to make drugs or gun transactions using cryptocurrencies.


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The Chinese authorities advised that due to these factors, the crypto community must stay alert to prevent these hazards. Furthermore, China Securities Journal reminded that there are no legal crypto trading venues in the country and no regulatory protections:

”Once you encounter risks, you can only bear the consequences. In short, speculation in coins is risky, and you need to be cautious when entering the market.”

China and BTC

Despite the government’s stance, the primary cryptocurrency is highly popular in China – there’s a high number of miners situated in the large Asian nation.

Recently, the country’s central bank announced that it was looking into bitcoin as an alternative investment. Zhou Xiaochuan, former governor of PBoC, outlined the potential of digital assets and their future implementation. However, he ascertained that whatever the case may be, cryptocurrencies must not be used for illicit activities such as drug or weapon trafficking, gambling, or money laundering:

”We believe that crypto assets should play a major role in the future, either as an investment tool or as an alternative investment. Many countries, including China, are also studying it as an investment tool.”

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/china-securities-journal-says-cryptocurrency-trading-is-risky-and-calls-for-strict-supervision/

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