Bitcoin Market Report: BTC Exceeds $11 Billion Market Capitalization

Brief:


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 BTC/USD

$USD

last price $ 704.13
one week ago $ 654.28
percentage 7.62%

Volume

Volume

The 24 hour volume on Okcoin is 1786.10 BTC.

Remarks

It has been less than a week since our last Bitcoin report:

Bitcoin Market Report: BTC/USD Up 3.24% on the Week

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:

piechart-btc-all-currencies-2016-10-31

Bitcoinity BTC/USD in 30 Days
Bitfinex tops the BTC/USD marketshare for the month of October 2016:

piechart-btc-usd-2016-10-31

Overall
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

Price change is the percentage change within the period:

period change
day 0.16%
week 7.62%
month 15.81%

Chart

Tap or click chart to enlarge:

chart-okcoin-btc-usd-2016-10-31

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
$ 11,232,118,402 15951768 $ 704.13

Daily High Low

daily high 711.33
daily low 680.00

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 $31.33
week $49.85
month $96.14

Market sentiment

Market sentiment is bullish.

sentiment bullish

Image courtesy Pixabay.com

Summary

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.

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 October 31 2016 22:23 hours UTC. Contact KittyBitcoin to request custom reports.

Coming soon

Thanks for reading! 🙂

Tags

Bitcoin, BTC/USD, Okcoin, 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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