Kraken Daily Market Report for November 07 2020
Overview
- Total spot trading volume relatively high for a Saturday at $492.1 million as Bitcoin prices continue to be volatile.
- Total futures notional at 232.1 million, slightly above the weekly average of $213.1 million.
- As with most weekends, the US dollar dominated fiat trading (55% compared to 44% for EUR).
- The crypto that has increased the most in month-over-month trading volume has been Bitcoin Cash (+112% over USD and EUR).
- Mainly negative returns in the crypto markets: Bitcoin -4.9%, Ethereum -4.5%, Link -3.5%. However, Yearn +21% and Synthetix +7.4 did well.
| November 07, 2020 $492.1M traded across all markets today Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD |
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|---|---|---|---|---|
| XBT $14833. ↓4.9% $249.7M |
ETH $435.61 ↓4.5% $112.6M |
LINK $11.769 ↓3.5% $41.5M |
USDT $1.0011 ↓0.02% $32.6M |
XRP $0.2492 ↓3.7% $9.58M |
| LTC $59.004 ↓7.0% $8.55M |
USDC $0.9998 ↓0.03% $7.24M |
BCH $253.76 ↓1.7% $7.13M |
DOT $4.2365 ↓7.7% $7.09M |
YFI $14343. ↑21% $6.93M |
| ADA $0.1013 ↓7.2% $5.67M |
XTZ $2.0198 ↓3.6% $5.35M |
XMR $111.13 ↓7.0% $2.88M |
DAI $1.0094 ↓0.07% $2.14M |
ALGO $0.2582 ↓6.8% $1.84M |
| FIL $30.010 ↓5.5% $1.6M |
SNX $3.8020 ↑7.4% $1.3M |
CRV $0.4294 ↓1.7% $1.2M |
OMG $3.0674 ↓7.9% $1.14M |
XLM $0.0795 ↓5.2% $1.11M |
| EOS $2.4988 ↓1.5% $1.03M |
DASH $66.640 ↓5.0% $981K |
ZEC $57.434 ↓6.8% $961K |
ATOM $4.6186 ↓5.5% $957K |
UNI $2.4750 ↓3.9% $869K |
| COMP $92.354 ↓3.7% $762K |
WAVES $3.4386 ↓3.6% $753K |
KAVA $1.4536 ↓6.2% $750K |
PAXG $1964.2 ↓0.01% $743K |
QTUM $1.9461 ↓6.2% $644K |
| OXT $0.2149 ↓8.2% $590K |
STORJ $0.3279 ↓11% $590K |
TRX $0.0248 ↓5.0% $418K |
BAT $0.1928 ↓5.9% $396K |
MLN $20.740 ↓5.6% $361K |
| SC $0.0025 ↓2.3% $294K |
ICX $0.3363 ↓6.8% $272K |
GNO $56.405 ↓4.4% $271K |
NANO $0.7345 ↓6.9% $261K |
XDG $0.0026 ↓3.2% $223K |
| ETC $5.0917 ↓5.2% $184K |
REP $13.860 ↓4.4% $180K |
KNC $0.7797 ↓4.1% $161K |
BAL $9.8849 ↓1.1% $159K |
KSM $31.380 ↓4.9% $142K |
| LSK $1.0758 ↓5.9% $73.8K |
REPV2 $13.158 ↓3.6% $47.5K |
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Trading Volume by Asset
The figures below break down the trading volume of the largest, mid-size, and smallest assets. Cryptos are in purple, fiats are in blue. For each asset, the chart contains the daily trading volume in USD, and the percentage of the total trading volume. The percentages for fiats and cryptos are treated separately, so that they both add up to 100%.
Figure 1: Largest trading assets: trading volume (measured in USD) and its percentage of the total trading volume (November 08 2020)
Figure 2: Mid-size trading assets: (measured in USD) (November 08 2020)
Figure 3: Smallest trading assets: (measured in USD) (November 08 2020)
Spread %
Spread percentage is the width of the bid/ask spread divided by the bid/ask midpoint. The values are generated by taking the median spread percentage over each minute, then the average of the medians over the day.
Figure 4: Average spread % by pair (November 08 2020)
Returns and Volume
Figure 5: Returns of the four highest volume pairs (November 08 2020)
Figure 6: Volume of the major currencies and an average line that fits the data to a sinusoidal curve to show the daily volume highs and lows (November 08 2020)
Daily Returns %
Figure 7: Returns over USD and XBT. Relative volume and return size is indicated by the size of the font. (November 08 2020)
The values generated in this report are from public market data distributed from Kraken WebSockets api. The total volumes and returns are calculated over the reporting day using UTC time.
