Bitcoin Market Report: BTC/USD Eases to $660.86

Brief:


Bitcoin is up 0.03% on the day, up 3.21% on the week and down -4.21% on the month on a last price of 660.86. BTC/USD is trading between a 24hr high of 661.36 and a 24hr low of 646.10 on a 24hr volume of 3173 BTC. The weekly trend is mixed.

Last price

660.86 BTC/USD

$USD

last price $ 660.86
one week ago $ 640.32
percentage 3.21%

Volume

Volume

The 24 hour volume on Okcoin is 3173 BTC.

Remarks

Bitcoin dipped to a low of $626.92 on July 09 2016 with a volume of 3495 BTC. This is the current weekly low.

From midnight to 09:00 hours on July 12 the price of bitcoin rocketed up to $674.97. The price has since gradually eased off from that previous weekly high to a press time price of $660.86.

News
There was much ado about nothing with the bitcoin halving. History shows us price declined on the day of “The Halvening” last Saturday July 09 2016. The world’s largest bitcoin exchange OKCoin.com saw the bitcoin price sliding to $649.29 on light trading volume of 3766 bitcoin. Today’s last price is $660.86 while the day before halving the price was $663.26.

Marketshare All BTC Currency Pairs
OKCoin and Huobi remain the dominant market leaders with a combined marketshare of 90.1% of all bitcoin traded worldwide in all currencies in the last 30 days. The top ten bitcoin exchanges by volume are:

marketshare-btc

Data courtesy Bitcoinity.org

Looking behind and ahead
While bitcoin price is down -4.21% on the month it also showed a monthly high of $776.93 – contrasting against the last price of $660.86. If history is any yardstick then we are likely to see substantial volatility in the weeks ahead.

Price change

Price change is the percentage change within the period:

period change
day 0.03%
week 3.21%
month -4.21%

Chart

Tap or click chart to enlarge:

chart-btcusd-okcoin-2016-07-14

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
$ 10,414,278,621 15758676 $ 660.86

Daily High Low

daily high 661.36
daily low 646.10

Trend

The weekly trend is mixed.

trend is MIXED

Support

Support is the lowest price within the period:

period support
day 646.10
week 626.02
biweekly 609.82
month 530.74

Resistance

Resistance is the highest price within the period:

period resistance
day 661.36
week 674.97
biweekly 704.93
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 15.26000000
week 20.54000000
month -29.05000000

Market sentiment

Market sentiment is neutral.

sentiment neutral

Image courtesy Pixabay.com

Summary

Bitcoin is up 0.03% on the day, up 3.21% on the week and down -4.21% on the month. The weekly trend is mixed. BTC/USD saw weekly support at 626.02 and weekly resistance at 674.97. 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 July 14 2016 18:42 hours UTC. Contact KittyBitcoin to request custom reports.

Coming soon

Thanks for reading! 🙂

Tags

Bitcoin, BTC/USD, Okcoin, Brief, Last price, Volume, 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