Bitcoin Market Report: ItBit.com Leads BTC/USD
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|
|one week ago||$ 570.27|
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:
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.
Today itBit.com has taken the top position in total BTCUSD marketshare outpacing even BTC-e.com who drops to second place:
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 is the percentage change within the period:
Okcoin is the data source for this market report.
Market capitalization is the total $US dollar value of the Bitcoin market calculated using the formula:
|Market cap||Available supply||Last price|
|$ 9,526,783,988||15849708||$ 601.07|
Daily High Low
The weekly trend is up.
The data source Okcoin offers margin trading on this digital asset.
Range is the difference in price within the period:
Market sentiment is bullish.
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.
Past history is NOT an indicator of future results. Read the legal disclaimer:
This report was printed on Sunday September 04 2016 21:01 hours UTC. Contact KittyBitcoin to request custom reports.
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