Bitcoin Market Report: BTC Up 51.43% on the Month
Bitcoin is up 1.95% on the day, up 19.71% on the week and up 51.43% on the month on a last price of 691.35. BTC/USD is trading between a 24hr high of 699.00 and a 24hr low of 689.00, in a weekly up trend.
The Bitcoin coin rush isn’t over as the bitcoin halving nears. BTC is climbing significantly higher – up 51.43% on the month. If you had invested just one bitcoin then today your bitcoin would be worth $10.00 more in one day, $113.85 more in one week, and up $234.75 in 30 days. That’s a hefty chunk of change and an increase you may not easily find in other markets.
Chinese investors turn to bitcoin
More than one trader is suggesting that the lack of good alternatives for Chinese investors – especially given the ongoing yuan devaluation and Chinese restriction on yuan capital movement overseas – is making bitcoin an attractive investment option.
Two Chinese exchanges earn 93.44% world marketshare
China is already the biggest market for bitcoins by a large factor. The worlds largest bitcoin exchanges are Chinese, and two of these exchanges have been earning over 90% of the total bitcoin market between themselves. According to bitcoinity.org in the last six months Huobi traded 223M bitcoin for a world leading 48.46% market share for ALL bitcoin. OKCoin traded 207M BTC or 44.98% of all BTC traded worldwide. Together these exchanges traded 93.44 percent of all bitcoin in the last half year.
Price change is the percentage change within the period:
Okcoin is the data source for this market report.
Market capitalization is the total $US dollar value of the Bitcoin market calculated using the formula:
|Market cap||Available supply||Last price|
10.8 billion dollar market
With the latest BTC price increase the market capitalization is now a whopping 10.8 billion dollars.
Daily High Low
The weekly trend is up.
Support is the lowest price within the period:
Resistance is the highest price within the period:
The data source Okcoin offers margin trading on this digital asset.
Range is the difference in price within the period:
Market sentiment is bullish.
Bitcoin is up 1.95% on the day, up 19.71% on the week and up 51.43% on the month. The weekly trend is up. BTC/USD saw weekly support at 574.99 and weekly resistance at 738.42. Market sentiment is bullish.
Past history is NOT an indicator of future results. Read the legal disclaimer:
This report was printed on Wednesday June 15 2016 20:22 hours UTC. Contact KittyBitcoin to request custom reports.
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