Ethereum Classic Market Report: Bitfinex Launches ETC Pairs with 3.3x Margin

Brief:


Bitfinex launches ETC pairs with 3.3x margin. Ethereum Classic is down -8.40% on the day and up 112.77% on four days on a last price of 0.00286000. ETC/BTC is trading between a 24hr high of 0.00323149 and a 24hr low of 0.00186000 on a 24hr volume of 50295.80 BTC or 20510748.36 ETC. The weekly trend is mixed.

Last price

0.00286000 ETC/BTC

$USD

last price $ 1.87
4 days ago $ 00.88
percentage 112.50%

Volume

Volume

The 24 hour volume on Poloniex is 50295.80570372 BTC or 20510748.36170388 ETC. The daily volume of ETC has been higher than ETH everyday since the launch of ETC trading on Poloniex four days ago.

Remarks

tweet-bitfinex-etc-btc-2016-07-28

Bitfinex Launches ETC Pairs with 3.3x Margin
One hour ago Bitfinex tweeted “Bitfinex.com ‏@bitfinex 1h 1 hour ago
ETCBTC and ETCUSD Margin trading is live!!! Margin funding for ETC has been enabled as well:”

Blog
Margin trading for the the ETC pairs ETCBTC and ETCUSD is now live! The Margin funding feature has also been enabled allowing users to place ETC margin funding offers and bids.
Margin requirements for ETC trading are identical to those of BTC, LTC, and ETH: 30% initial margin (3.3x leverage) and a 15% maintenance margin requirement. Positions on ETC pairs can be backed with BTC, USD, ETH and/or ETC.
Please note that we cannot extend ETC margin trading privileges to our US-based customers at this time – we apologize for the inconvenience.

http://blog.bitfinex.com/uncategorized/etc-margin-trading/

The lack of margin trading privileges for US-based customers is a throwback to the onerous New York state Bitlicense which saw the brightest and best bitcoin companies leave for greener development pastures. The ETC/BTC price on Poloniex was down slightly on the Bitfinex launch news at press time.

Price change

Price change is the percentage change within the period:

period change
day -8.40%
4 days 112.77%

Chart

Tap or click chart to enlarge. The four day chart in 4 hour candlesticks is illustrated:

chart-poloniex-etc-btc-2016-07-28

Data source

Poloniex is the data source for this market report.

Market capitalization

Market capitalization is the total $US dollar value of the Ethereum Classic market calculated using the formula:

market cap = ( available supply x last price )
Market cap Available supply Last price
$ 153,896,237 82297453 $ 1.87

Daily High Low

daily high 0.00323149
daily low 0.00186000

Trend

The weekly trend is mixed.

trend is MIXED

Support

Support is the lowest price within the period:

period support
day 0.00186000
4 days 0.00010098

Resistance

Resistance is the highest price within the period:

period resistance
day 0.00323149
4 days 0.00489200

Margin trading

no

The data source Poloniex does NOT offer margin trading on this digital asset.

Range

Range is the difference in price within the period:

period range
day 0.00137149

Market sentiment

Market sentiment is bullish.

sentiment bullish

Image courtesy Pixabay.com

Summary

Bitfinex launches ETC trading with 3.3x margin on July 28 2016. Ethereum Classic is down -8.40% on the day and up 112.77% on four days. The all time trend is mixed. ETC/BTC saw 4 day support at 0.00010098 and 4 day resistance at 0.00489200. Market sentiment is bullish.

Disclaimer

Past history is NOT an indicator of future results. Read the legal disclaimer:

http://kittybitcoin.com/docs/disclaimer.php

Printed

This report was printed on Thursday July 28 2016 13:39 hours UTC. Contact KittyBitcoin to request custom reports.

Coming soon

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Tags

Ethereum Classic, ETC/BTC, Bitfinex, Poloniex, Brief, Last price, Volume, Remarks, Price change, Chart, Data source, Market capitalization, Indicators, Daily high low, Trend, Support, Margin trading, Resistance, Range, Market sentiment, Summary, Disclaimer, Printed, Coming soon, cryptocurrency, bitcoins, BTC, altcoins, investing, trading, speculation, coins, investment, digital, assets, tags