Bitcoin Market Report: Five Chinese Exchanges Earn 96.25% Market Share

Brief:


Special insert on Bitcoin exchange market share is included. Bitcoin is up 0.04% on the day, up 0.51% on the week and down -2.59% on the month on a last price of 656.48. BTC/USD is trading between a 24hr high of 660.30 and a 24hr low of 654.16 on a 24hr volume of 1364 BTC. The weekly trend is sideways.

Last price

656.48 BTC/USD

$USD

last price $ 656.48
one week ago $ 653.15
percentage 0.51%

Volume

Volume

The 24 hour volume of BTC/USD on Okcoin is 1364 BTC.

Remarks

This is a periodic two week report in which we see Bitcoin has moved in a sideways direction since the last report on July 14 2016.

After coming off a monthly high of 776.93 and a post high monthly reactionary low of 606.27, bitcoin has eased into a narrow trading range roughly around the $655 mark.

The sideways movement is not to suggest that nothing has happened in two weeks. Even a quarter of a percent move in any direction has significant impact on altcoins based on BTC. The subtle movement of BTC is watched very closely in the altcoin world.

Special insert on Bitcoin exchange market share

Bitcoin Exchange Market Share July 2016
The chart below includes all Bitcoin currency pairs traded in the last 30 days. Of the top ten, @OKCoinBTC continues its monthly dominance with over half of all bitcoin traded worldwide:

marketshare-btc-july-2016 Chart courtesy Bitcoinity.org

Interestingly the Chinese founded, based or aligned bitcoin exchanges are the top five exchanges: OKCoin, Huobi, BTCChina (BTCC), LakeBTC and Bitfinex. These top notch reputable companies worked hard to earn their position after the fall of Mt. Gox. Today they trade the world’s bitcoin. Presently this accounts for 96.25% of all bitcoin in July 2016. The source of this data is independent Bitcoinity.org.

Top 5 Bitcoin Companies

Direct links to each of the top five bitcoin companies:

OKCoin
okcoin50

https://www.okcoin.com/

Huobi
huobi50

https://www.huobi.com/

BTCChina (BTCC)
btcc50

https://www.btcc.com/

LakeBTC
lakebtc50

https://www.lakebtc.com/

Bitfinex
bitfinex50

https://www.bitfinex.com/

Price change

Price change is the percentage change within the period:

period change
day 0.04%
week 0.51%
month -2.59%

Chart

Tap or click chart to enlarge:

The crosshairs are aligned with the start period of this report:

chart-okcoin-btc-usd-2016-07-30

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
$ 10,362,389,748 15784776 $ 656.48

Daily High Low

daily high 660.30
daily low 654.16

Trend

The weekly trend is sideways.

trend is SIDEWAYS

Support

Support is the lowest price within the period:

period support
day 654.16
week 642.00
biweekly 642.00
month 606.27

Resistance

Resistance is the highest price within the period:

period resistance
day 660.30
week 662.44
biweekly 683.01
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 6.14000000
week 3.33000000
month -17.44000000

Market sentiment

Market sentiment is neutral.

sentiment neutral

Image courtesy Pixabay.com

Summary

Bitcoin is up 0.04% on the day, up 0.51% on the week and down -2.59% on the month. The weekly trend is sideways. BTC/USD saw weekly support at 642.00 and weekly resistance at 662.44. 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 Saturday July 30 2016 17:52 hours UTC. Contact KittyBitcoin to request custom reports.

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