Kraken Daily Market Report for July 06 2020

Overview


  • Total trading volume at $163.7 million. This is much higher than the weekly average of $105.5 million. The larger trading volume was a result of favorable Bitcoin and Ethereum price movement. Bitcoin closed up 2.9% over USD and Ethereum closed 6.0% over USD. The majority of the smaller coins outperformed Bitcoin, including LINK (+10% over XBT).
  • The crypto markets all performed very well over USD. Besides the stablecoins, all cyptos posted positive gains, especially XDG (+14%), and LINK (13%).
  • Cardano (ADA) has had the best week-over-week increase in trading volume (+203 over USD, +139% over EUR), while Melon (MLN) has had the largest month-over-month increase (+495% over USD, +626% over EUR).

July 06, 2020 
 $163.7M traded across all markets today
 Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD 
XBT 
$9350.2 
↑2.9% 
$92.9M
ETH 
$241.66 
↑6.0% 
$34.2M
USDT 
$1.0000 
↓0.03% 
$11.2M
ADA 
$0.1052 
↑7.0% 
$6.69M
LINK 
$5.3602 
↑13% 
$5.8M
XRP 
$0.1887 
↑6.5% 
$3.67M
XTZ 
$2.4402 
↑6.5% 
$3.48M
BCH 
$242.47 
↑8.8% 
$2.48M
USDC 
$0.9999 
↓0.03% 
$1.63M
LTC 
$44.090 
↑5.9% 
$1.11M
XMR 
$64.950 
↑2.5% 
$1.05M
TRX 
$0.0180 
↑6.4% 
$1.03M
ATOM 
$3.0190 
↑2.8% 
$913K
EOS 
$2.6111 
↑8.3% 
$842K
REP 
$18.973 
↑4.1% 
$612K
XLM 
$0.0718 
↑6.7% 
$601K
ZEC 
$55.594 
↑8.6% 
$533K
SC 
$0.0029 
↑0.4% 
$437K
PAXG 
$1791.7 
↑0.7% 
$347K
DASH 
$70.263 
↑4.3% 
$323K
BAT 
$0.2612 
↑5.9% 
$293K
DAI 
$1.0158 
↑0.4% 
$286K
ALGO 
$0.2289 
↑6.1% 
$246K
OXT 
$0.1648 
↑5.3% 
$233K
ETC 
$6.1079 
↑7.9% 
$203K
ICX 
$0.3528 
↑1.6% 
$199K
NANO 
$0.9739 
↑4.5% 
$150K
OMG 
$1.5647 
↑4.4% 
$149K
MLN 
$13.607 
↑2.0% 
$147K
QTUM 
$1.8223 
↑2.6% 
$117K
XDG 
$0.0026 
↑14% 
$112K
GNO 
$25.639 
↑4.2% 
$95.8K
WAVES 
$1.1597 
↑3.8% 
$35.8K
LSK 
$1.1483 
↑3.6% 
$21.2K



#####################. Trading Volume by Asset. ##########################################

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 (July 06 2020)



Figure 2: Mid-size trading assets: (measured in USD) (July 06 2020)



Figure 3: Smallest trading assets: (measured in USD) (July 06 2020)



#####################. Spread %. ##########################################

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 (July 06 2020)



.


#########. Returns and Volume ############################################

Returns and Volume


Figure 5: Returns of the four highest volume pairs (July 06 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 (July 06 2020)



###########. Daily Returns. #################################################

Daily Returns %


Figure 7: Returns over USD and XBT. Relative volume and return size is indicated by the size of the font. (July 06 2020)



###########. Disclaimer #################################################

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.