Top 10 Cryptos
At the moment of writing, top 10 assets were trading sideways, and the majority of them was in red.
Bitcoin is moving very little in the $6,200 - $6,500 corridor and all the other assets are following the moves, with bigger or lower amplitudes.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $0.88 on Coinmarketcap, down from yesterday.
The hourly chart shows a 1k satoshis loss, from 14.5k to 13.5k
The 1 day chart is still stable, but the outlook is bearish.
SBD was trading, at the moment of writing, at $0.99, identical with yesterday and at the peg.
The 1 hour chart shows sideways trading, no major spikes
The 1 day chart is also stable, no significant changes
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 1.128 STEEM for 1 SBD, up from yesterday, and above parity. Since SBD printing rate is 0%, rewards are paid now in STEEM / Steem Power.
Overall opinion: The second day of the week is following the opening pattern, which is indecision. STEEM lost 1k satoshis and SBD is maintaining its ground. A new SEC announcement regarding a Bitcoin ETF is expected tomorrow and the markets are, again, acting irrationally towards it.
Disclaimer: I'm not a trader and this is not trading advice. I'm writing these articles for my own educational purposes and they are not meant as an investment foundation. Please make your own due diligences when investing and never invest more than you can afford to lose.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me .
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