Ethereum Classic Market Report: ETC/BTC Drops -21.20% on the Week

Brief:


Ethereum Classic is down -4.87% on the day, down -21.20% on the week and down -12.41% on the month on a last price of 0.00219992. ETC/BTC is trading between a 24hr high of 0.00235498 and a 24hr low of 0.00218480 on a 24hr volume of 5469 BTC or 2417851 ETC. The weekly trend is down.

Last price

0.00219992 ETC/BTC

$USD

last price $ 1.26
one week ago $ 1.64
percentage -23.17%

Volume

Volume

The 24 hour volume on Poloniex is 5469.82555002 BTC or 2417851.80334049 ETC.

Remarks

Ether Classic is down -21.20% on the week on a longer downtrend. This is somewhat reminiscent of the darker days of ETH when it plunged almost out of sight in a sea of red candles earlier this summer.

Looking at the monthly zoom, we see the downward trend is prolonged:

chart-etcbtc-1month-2016-08-29

The downtrend began on August 03 2016 just after the all time high peaked at 0.00638000. The deeper plunge lasted six days and found support at 0.00274. After a brief respite the trend downward continued to this day where we see a last price of 0.00219992. We saw considerable daily price fluctuation – and without the potential of blindside shorts – throughout the trend. The volume has remained highly liquid, and is one of the consistently higher Poloniex digital asset trading volumes.

Browse the Ether archive
Browse AllCoinNews for ETC/BTC Market Report (opens new window).

Price change

Price change is the percentage change within the period:

period change
day -4.87%
week -21.20%
month -12.41%

Featured Chart

Tap or click chart to enlarge:

chart-etcbtc-2weeks-2016-08-29

Data source

Poloniex is the data source for this market report.

Market capitalization

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

market cap = ( available supply x last price )
Market cap Available supply Last price
$ 105,115,892 83425311 $ 1.26

Daily High Low

daily high 0.00235498
daily low 0.00218480

Trend

The weekly trend is down.

trend is DOWN

Support

Support is the lowest price within the period:

period support
day 0.00218480
week 0.00218480
biweekly 0.00218480
month 0.00218480

Resistance

Resistance is the highest price within the period:

period resistance
day 0.00235498
week 0.00289164
biweekly 0.00338611
month 0.00638000

Margin trading

no

The data source Poloniex does NOT offer margin trading on this digital asset.

Range

Range is the difference in price within the period:

period range
day 0.00017018
week -0.00059169
month -0.00031182

Market sentiment

Market sentiment is bearish.

sentiment bearish

Image courtesy Pixabay.com

Summary

Ethereum Classic is down -4.87% on the day, down -21.20% on the week and down -12.41% on the month. The weekly trend is down. ETC/BTC saw weekly support at 0.00218480 and weekly resistance at 0.00289164. Market sentiment is bearish.

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 Monday August 29 2016 17:21 hours UTC. Contact KittyBitcoin to request custom reports.

Coming soon

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Tags

Ethereum Classic, ETC/BTC, Poloniex, 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

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