Bitcoin Market Report: BTC Exceeds $11 Billion Market Capitalization
Bitcoin is up 0.16% on the day, up 7.62% on the week and up 15.81% on the month on a last price of $704.13. BTC/USD is trading between a 24hr high of $711.33 and a 24hr low of $680.00 on an OKCoin 24hr volume of 1786 BTC. The weekly trend is up.
|last price||$ 704.13|
|one week ago||$ 654.28|
It has been less than a week since our last Bitcoin report:
However, bullish events again bring our attention back to BTC/USD. BTC is seeing a continuing bull rally. Last week we reported a last price of $660.99. Today we look above the $700 mark to find the last price.
11 Billion Market Capitalization Exceeded
Bitcoin has exceeded 11 billion dollars in market capitalization.
Bitcoinity All Currencies in 30 Days
The Bitcoin 30 day “all currencies” piechart reminds us just how small the BTC/USD niche market is:
Bitcoinity BTC/USD in 30 Days
Bitfinex tops the BTC/USD marketshare for the month of October 2016:
Overall while altcoins have been heavily punished this week with the whopping rise in the price of bitcoin, if you hold BTC its a different story. With Bitcoin the future of your digital assets has rarely looked better. The higher prices have pushed Bitcoin well over the 11 billion dollar market capitalization figure. Zcash looks like a flash in the pan. BTC looks rosy.
BTC has seen an increase of 15.81% on the month – a stable asset with over 11 billion in market capitalization. The Bitcoin rally continues unabated.
Historical Bitcoin Market Reports
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Price change is the percentage change within the period:
Okcoin is the data source for this market report.
Market capitalization is the total $US dollar value of the Bitcoin market calculated using the formula:
|Market cap||Available supply||Last price|
|$ 11,232,118,402||15951768||$ 704.13|
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 0.16% on the day, up 7.62% on the week and up 15.81% on the month. The weekly trend is up. Market sentiment is bullish.
Past history is NOT an indicator of future results. Read the legal disclaimer:
This report was printed on Monday October 31 2016 22:23 hours UTC. Contact KittyBitcoin to request custom reports.
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