Daily Market Update - August 10, 2020
$BTC 24 Hour High $11,806.06 $BTC 24 Hour Low $11,548.78 $BTC -0.7%

Total Market Cap $364.7 BN (+1.81%)
24 Hour Volume $82.7 BN (+8.82%)
Notable Movers yearn.finance (YFI) (+41.89%)
BTC Dominance 60.8% (+0.50%)
$BTC dominance at 60.4% with physical traded volumes dropping below 20B, trading range bound between 11,550-11,800 over the past two days. Looking to increase traded volume before challenging 12,000 levels with support levels at 11,550.
$BTC futures volume dropped back below 10B aggregated with OI at 5B. There were 10.8M long positions liquidated with limited volatility.
$ETH momentum slowed down, stuck range bound between 290-300, trading at 392 at neutral RSI levels and trading at 100d SMA expectations
Most movements over the weekend trading benefitted DeFi tokens largely...
Alt and DeFi watch:
Top 10 large-cap coins were mostly in the red with an average ~1% drop with exception of DeFi related coins
$XRP dropped 1% over the past 7 days, last week topped off at 0.322 and has since rejected 0.30 levels and is trading around 0.288 on slightly oversold levels and the bottom range of Bollinger bands
$LINK pushes to 14, as its trading volume on some exchanges surpassed $BTC with signals showing overbought RSI levels after moving 10%+ overnight. With LINK up 68% over the past 7 days, we’re expecting short-term correction as profit-takers cash out their positions. Star performer within the top 10 alts
$XTZ up 10% to 3.71, up 27% over the past 7 days