Market Report

Kraken Daily Market Report for August 08 2021

Overview Total spot trading volume at $1.07 billion, the largest Sunday trading volume since June 20th. The 30-day average is up to $843.6 million. Total futures notional at $551.6 million. The top five traded coins were, respectively, Bitcoin (-0.5%), Ethereum (-3.2%), Tether (0%), Dogecoin (-6.0%), and Polkadot (-4.0%). Livepeer was up 9.7%, most other coins were down a few percent. August 08, 2021  $1.07B traded across all markets today Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD  BTC $44387. ↓0.5% $348.2M ETH $3060.9 ↓3.2% $293.6M USDT $1.0007 ↓0.01% $229.3M DOGE $0.2462 ↓6.0% $95.3M DOT $20.135 ↓4.0% $40.9M USDC $1.0001 ↑0.01% $28.7M ADA $1.4449 ↓1.9% $24.3M XRP $0.7963 ↓2.6% $20.9M LINK $23.578 ↓4.3% $8.27M LTC $151.51 ↓2.9% $7.19M ETC $58.21 ↓4.1% $6.31M KSM $221.0 ↓5.4% $5.45M DAI $1.0011 ↑0.02% $4.56M EOS $4.3441 ↓5.4% $4.02M SOL $38.42 ↓2.8% $3.8M MATIC $1.1046 ↓5.4% $3.76M SC $0.0166 ↓5.1% $3.75M BCH $564.82 ↓3.3% $3.6M UNI $27.079 ↓4.4% $3.42M FIL $66.041 ↓4.8% $3.22M XMR $261.71 ↓3.4% $3.03M MINA $2.26 ↓9.6% $3.02M XLM $0.2913 ↓4.9% $2.63M XTZ $3.2273 ↓5.7% $2.38M TRX $0.0725 ↓4.0% $2.08M SNX $9.853 ↓7.4% $2.01M KAVA $5.7398 ↓5.7% $1.99M

XRP Forms Crushing Textbook Reversal Sign After 30% Explosion

XRP has seen an extremely strong rally over the past few days, outperforming Bitcoin and even Ethereum on some days. Since July 22nd, the asset has gained in excess of 50%, reaching highs not seen since the February blow-off top. Some analysts see this price action as a precursor to a macro bull run for XRP. While this may be true, the leading altcoin is printing some signs that it will reverse for a few days or weeks, then potentially it may head higher. XRP Could Soon See Reversal: TD