Bitcoin Market Report: BTC Garners $10 Billion Market Cap

Brief:


Bitcoin is down -0.66% on the day, up 7.52% on the week and up 21.84% on the month on a last price of $639.14. BTC/USD is trading between a 24hr high of $645.00 and a 24hr low of $622.57 on a 24hr volume of 8115 BTC. The weekly trend is sideways.

Last price

639.14 BTC/USD

$USD

last price $ 639.14
one week ago $ 594.46
percentage 7.52%

24 hour volume

The 24 hour volume on Okcoin is 8115 BTC.

Remarks

One look at the 3 week chart shows bitcoin is trading at $639.27 which is about halfway between its $776.93 zenith and $540 bottom for this period. Even at this halfway point bitcoin still has over ten billion dollars in market capitalization. Ten billion dollars is considered to be substantive in most niche markets.

Some industry experts believe that upwards pressure on BTC will continue through to the halving, although price has eased off slightly in the last 24 hours. Some advertisers are even using the BTC halving as a buy feature for their current sales – “buy before the halving” has been coined.

We’ve seen a comparitively large amount of bitcoin volatility in the last part of June. The recent price compression candlesticks on the 4 hour zoom chart (illustrated) suggest July may start off with a bang.

Price change

Price change is the percentage change within the period:

period change
day -0.66%
week 7.52%
month 21.84%

Chart

Tap or click chart to enlarge:

chart-okcoin-btcusd-2016-06-29

Data source

Okcoin is the data source for this market report.

Market capitalization

Market capitalization is the total $US dollar value of the Bitcoin market calculated using the formula:

market cap = ( available supply x last price )
Market cap Available supply Last price
$ 10,043,797,487 15714550 $ 639.14

Daily High Low

daily high 645.00
daily low 622.57

Trend

The weekly trend is sideways.

trend is SIDEWAYS

Support

Support is the lowest price within the period:

period support
day 622.57
week 606.27
biweekly 540.00
month 510.51

Resistance

Resistance is the highest price within the period:

period resistance
day 645.00
week 691.00
biweekly 776.93
month 776.93

Margin trading

yes

The data source Okcoin offers margin trading on this digital asset.

Range

Range is the difference in price within the period:

period range
day 22.43000000
week 44.68000000
month 114.55000000

Market sentiment

Market sentiment is neutral.

sentiment neutral

Image courtesy Pixabay.com

Summary

Bitcoin is down -0.66% on the day, up 7.52% on the week and up 21.84% on the month. The weekly trend is sideways. BTC/USD saw weekly support at $606.27 and weekly resistance at $691.00. Market sentiment is neutral.

Disclaimer

Past history is NOT an indicator of future results. Read the legal disclaimer:

http://kittybitcoin.com/docs/disclaimer.php

Printed

This report was printed on Thursday June 30 2016 01:55 hours UTC. Contact KittyBitcoin to request custom reports.

Coming soon

Thanks for reading! 🙂

Tags

Bitcoin, Okcoin, BTC/USD, Brief, Last price, Remarks, Price change, Chart, Data source, Market capitalization, Indicators, Daily high low, Trend, Support, Margin trading, Resistance, Range, Market sentiment, Summary, Disclaimer, Printed, Coming soon, cryptocurrency, bitcoins, BTC, altcoins, investing, trading, speculation, coins, investment, digital, assets, tags

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