Market Overview - October 2019
At the beginning of October, most pairs traded in somewhat of a trading range. As seen on the graph above, about half of the pairs traded lower, the other half traded up but only by a small margin. On October 23rd markets fell, with BTC_USDT falling ~13% in the span of a few hours.
Vincent Haeger
Relative Returns
At the beginning of October, most pairs traded in somewhat of a trading range. As seen on the graph above, about half of the pairs traded lower, the other half traded up but only by a small margin. On October 23rd markets fell, with BTC_USDT falling ~13% in the span of a few hours. However, the move was not sustained for very long; And in typical Crypto market fashion, on October 25th, BTC_USDT gained almost 30% throughout the day, reversing the selling pressure and closing at a months high, last seen in September. The outperformer this month was Tron, with TRX_USDT gaining as much as 32% at months end breaking the previous Resistance lines and reaching a high of $0.02295 which we have not seen since mid August.
Overall the month saw positive returns for almost all pairs included in this report. TRX outperformed the market, however most other projects also finished with a positive margin, besides Ethereum which experienced a small monthly loss in October.
October 2019, Biggest Changes
| Asset Pair |
Price IN USDT (October 1st) |
Price IN USDT (October 31st) |
Monthly % Change |
|---|---|---|---|
| TRX_USDT | 0.01464 | 0.01945 | ↑ +32.86% |
| XRP_USDT | 0.25793 | 0.2911 | ↑ +12.86% |
| XLM_USDT | 0.06128 | 0.06902 | ↑ +12.63% |
| BTC_USDT | 8423.57 | 9063.13 | ↑ +7.59% |
| EOS_USDT | 3.0463 | 3.2124 | ↑ +5.45% |