Bitcoin Market Report: BTC Garners $10 Billion Market Cap
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|
|one week ago||$ 594.46|
24 hour volume
The 24 hour volume on Okcoin is 8115 BTC.
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 is the percentage change within the period:
Okcoin is the data source for this market report.
Market capitalization is the total $US dollar value of the Bitcoin market calculated using the formula:
|Market cap||Available supply||Last price|
|$ 10,043,797,487||15714550||$ 639.14|
Daily High Low
The weekly trend is sideways.
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 neutral.
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.
Past history is NOT an indicator of future results. Read the legal disclaimer:
This report was printed on Thursday June 30 2016 01:55 hours UTC. Contact KittyBitcoin to request custom reports.
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