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 (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.

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 (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 (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.