Bitcoin Market Report: ItBit.com Leads BTC/USD

Brief:


Bitcoin is up 4.74% on the day, up 5.40% on the week and up 5.91% on the month on a last price of 601.07. BTC/USD is trading between a 24hr high of 610.87 and a 24hr low of 574.01 on a 24hr volume of 3990.17. The weekly trend is up.

Last price

601.07 BTC/USD

$USD

last price $ 601.07
one week ago $ 570.27
percentage 5.40%

Volume

Volume

The 24 hour BTCUSD volume on Okcoin is 3990.17.

Remarks

Bitcoin climbs above $600 making overnight gains of $36.86 per bitcoin. Looking at the longer term chart of 5 months (below) we see that this climb follows the August 01 2016 drop to $477.93 a month, seeing a small rise to $588 after which it slid to roughly the mid $575 mark – and mostly sideways movement for the remainder of August:

Zoom: Five Months > Candlesticks: 1 day
chart-okcoin-btcusd-5-month-2016-09-04

The five month chart shows a high of $776.93 on June 17 2016. If this resistance level still applies there is plenty of upwards room for BTC/USD to rise yet higher.

The five month support level of $409.38 was seen on April 08 2016.

ItBit.com Leads BTC/USD Market

Two weeks ago BTC-e.com exchange surprisingly garnered the lion’s share of BTCUSD – and number one position – after the hack, theft and demise of Bitfinex. Bitfinex was formerly a leader in this niche market.

itbit-homepage-2016-09-04

Today itBit.com has taken the top position in total BTCUSD marketshare outpacing even BTC-e.com who drops to second place:

piechart-btcusd-marketshare-2016-09-04
Data courtesy Bitcoinity.org

Bitfinex has dropped back into fourth overall position with 11.60% marketshare which is down substantially from its glory days of leader of the pack and plus thirty percent marketshare.

Todays statistics reflect a longer month long period, whereas the previous report displayed a shorter seven day period.

Browse the BTCUSD Market Report Archive
Take a look at our extensive archive of BTC/USD market reports. (opens in new window) The reports reflect the state of the BTCUSD digital asset at the time of publication, and include trading insights.

Price change

Price change is the percentage change within the period:

period change
day 4.74%
week 5.40%
month 5.91%

Featured Chart

Tap or click chart to enlarge:

chart-okcoin-btcusd-2016-09-04 Zoom: Seven Days > Candlesticks: 2 hours

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
$ 9,526,783,988 15849708 $ 601.07

Daily High Low

daily high 610.87
daily low 574.01

Trend

The weekly trend is up.

trend is UP

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 36.86000000
week 30.80000000
month 33.55000000

Market sentiment

Market sentiment is bullish.

sentiment bullish

Image courtesy Pixabay.com

Summary

Bitcoin is up 4.74% on the day, up 5.40% on the week and up 5.91% on the month. The weekly trend is up. itBit.com traded most BTC/USD in the last 30 days. Market sentiment is bullish.

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 Sunday September 04 2016 21:01 hours UTC. Contact KittyBitcoin to request custom reports.

Coming soon

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Tags

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