Bitcoin Market Report: Five Chinese Exchanges Earn 96.25% Market Share
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|
|one week ago||$ 653.15|
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:
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:
Price change is the percentage change within the period:
Tap or click chart to enlarge:
Okcoin is the data source for this market report.
Market capitalization is the total $US dollar value of the Bitcoin market calculated using the formula:
|Market cap||Available supply||Last price|
|$ 10,362,389,748||15784776||$ 656.48|
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 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.
Past history is NOT an indicator of future results. Read the legal disclaimer:
This report was printed on Saturday July 30 2016 17:52 hours UTC. Contact KittyBitcoin to request custom reports.
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