Market Analysis Report02 January 2019

The MVIS CryptoCompare Digital Assets 10 Index has closed at 2,120.38 yesterday at 5 pm (GMT) and has since dropped 0.93%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $3,862 representing a gain of 2.74% in the last 24 hours. More than $175 M worth of BTC were exchanged in the BTC/USD market representing a 16.32% share of the global daily volume. The BTC/JPY pair represents a 10.21% share
The Ethereum price has increased 8.8% over the past 24 hours and is currently sitting at $148, with over $110 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has an 11.7% market share of the daily trading volume

A class action lawsuit has been filed against tech giant Nvidia by the Schall Law Firm. The plaintiffs are accusing the company of producing misleading statements about how it can help mitigate the effects of the reduced demand of GPUs for the cryptocurrency market. The lawsuit document claims:

“Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about NVIDIA, investors suffered damages.”

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