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[Daily BAT Discussion] Putting Back the Table - July 11, 2018

July 11, 2018
Hey BAT table-flippers! Welcome to the Daily BAT Discussion!
Yesterday's Market Movements - Slightly Up
Yesterday was a negative day for the market, but a positive one for BAT. Bitcoin had a big $400 fall down to $6300s after failing to break out of its 2-month descending channel. Ethereum also took a hit, once again touching $430 twice within a couple weeks. BAT, however, gained on Bitcoin, moving from 3800s to 4000 satoshis by this morning ($0.26). While the rest of the market fell, we had a pleasantly green day actually gaining on the dollar. Note that most of this upward movement was induced on low volume, with a 24h volume of only 125 BTC on Binance. Again, buys seem to be coming in spurts, but such an increase in satoshi ratio at these levels suggests that sell pressure has massively decreased in the past few weeks.
Also, there's a local BAT meetup in San Francisco this Thursday (July 12, 2018)! Have a great Wednesday guys!
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