Top 10 Cryptos

At the moment of writing, top 10 assets were bullish, with 9 of them in green and one in red

Screen Shot 2018-07-23 at 9.52.41 AM.png

Bitcoin finally broke above $7,600, which was a key resistance level. The rest of the assets are also looking up.

STEEM And SBD

At the moment of writing, STEEM was trading, on average, at $1.46 on Coinmarketcap, slightly up from yesterday in fiat, but down in BTC.

The 1 hour chart shows significant activity and a relatively consistent volume in an attempt to break past 20k satoshis. Currently, STEEM is trading at just above 19k satoshis.

Screen Shot 2018-07-23 at 9.53.02 AM.png

The 1 day chart is more or less stable around 19k satoshis

Screen Shot 2018-07-23 at 9.53.11 AM.png

SBD was trading, at the moment of writing, at $1.25, slightly up in fiat from yesterday, but down in BTC.

The 1 hour chart is showing flat trading around 16.5k satoshis

Screen Shot 2018-07-23 at 9.53.29 AM.png

The 1 day chart is also flat around the same level, for the last few days

Screen Shot 2018-07-23 at 9.53.35 AM.png

SBD to STEEM Ratio

At the moment of writing, according to steem.supply you could get 0.852 STEEM for 1 SBD, down from yesterday, and under parity. SBD printing rate is 38.33%, down from yesterday.

Screen Shot 2018-07-23 at 9.53.43 AM.png

Overall opinion: Bitcoin is raising a very intriguing flag by piercing above $7,600. If this price will hold by the end of the day, then the next resistance level, $8,200 may be a realistic target for the next couple of weeks. STEEM and SBD both appreciated slightly in fiat and also lost slightly in Bitcoin, but nothing too worrying for now.

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 Hive account@dragosroua.

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Market Snapshot - July 23rd 2018