Bitcoin & Markets 2/7/18
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New to bitcoin? Looking for more info? Do your own research! Start here.
http://bitcoinandmarkets.com/resources
and here
https://bitcoin.org
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Disclaimer: This is not investment advice, do your own research, this is all psuedoscience.
Sources below.
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PRICES
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Bitstamp: $8248 / 1 finney: $0.82
Mayer Multiple: Spot/200 MA ($8122) = 1.01 (1)
3M BTC Settled Futures (Mar): $8136 / spread: + $0 or 0%
CME Futures: Feb18 $8115 / Mar18 $8110 / Jun18 $7440 - most volume daily candle closed at $8755 on the way down (2)
Bitmex Futures: Mar18 $8166 / Jun18 $8286
Bitfinex was ~$1-200 higher on the way down, and is now $100 lower than bitstamp. Good sign imo.
MARKET SIZE and TRANSACTIONS
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Market Cap: $136 B
Global Bitcoin MC: $352 B
Maximalist Price: $22,985
USD value tx'ed on-chain (24h): $2.2 B
Avg tx Val (24h): $10,164
SECURITY
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Difficulty: 10.4% yesterday, est. -17% in 13 days (3)(4)
FEES
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Mempool: 29MB, ~10 sat/b (5)(6)
DEVELOPMENT
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Merged PRs: 16 merged PRs and 11 closed issues (7)(8)
compared to ethereum's Go client, 8 merged PRs and 16 closed issues
Lightning Network: 5.4 btc capacity, 1320 open channels, 535 nodes - 2.46 channels/node - 0.004 btc/channel (9)(10)
OTC VOLUME
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Localbitcoins: $95M/wk
Paxful: $12M/wk
LedgerX: <$1M/wk (11)
Gemini Auction: $3.8M/wk - huge day on Feb 2, 202 btc bought at $8475 (12)
Total public OTC data: $111M/wk
This is a decent total in USD since the price dropped so much.
PSA: Support p2p exchanges like https://bisq.network/. Not free from privacy concerns.
NEWS
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CFTC and SEC testimony
https://www.banking.senate.gov/public/index.cfm/2018/2/virtual-currencies-the-oversight-role-of-the-u-s-securities-and-exchange-commission-and-the-u-s-commodity-futures-trading-commission
bitcoin magazine article
https://bitcoinmagazine.com/articles/sec-and-cftc-give-testimonies-senate-hearing-virtual-currencies/
SOURCES
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1. Mayer Multiple: http://mayermultiple.com
2. CME futures: http://www.cmegroup.com/trading/equity-index/us-index/bitcoin.html
3. Network stats: http://fork.lol/pow/retarget
4. Difficulty: https://cryptothis.com/diff/
5. Real time fees: https://tradeblock.com/bitcoin/
6. Visualization: https://jochen-hoenicke.de/queue/#3m
7. Bitcoin github stats: https://github.com/bitcoin/bitcoin/pulse
8. Ranking: https://www.coingecko.com
9. LN capacity: https://p2sh.info/dashboard/db/lightning-network?orgId=1
10. LN nodes: https://lnmainnet.gaben.win/#
11. LedgerX: http://data.ledgerx.com/
12. Gemini Auction: https://gemini.com/auction-data/
EXTRA LINKS
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(a) Lightning apps: http://dev.lightning.community/lapps/index.html
FOLLOW
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Host: @AnselLindner https://twitter.com/AnselLindner
Show: @btcmrkts https://twitter.com/btcmrkts
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Music by Joakim Karud
