Bitcoin Market Report: BTC/USDT Down -8.51% on the Week
Bitcoin is down -0.23% on the day, down -8.51% on the week and up 5.81% on the month on a last price of 824.00. BTC/USDT is trading between a 24hr high of $836.04 and a 24hr low of $816.17 on a 24hr volume of 932111 USDT or 1126 BTC. The weekly trend is mixed.
|last price||$ 824.00|
|one week ago||$ 900.62|
In a move which is possibly the most significant in a year, the two high leverage Chinese bitcoin firms have pulled out from margin trading:
ZE Jiang(https://t.co/OZ6dOjZLyt): Huobi & BTCC stopped margin trading, OKc leverage only 1x, finally no more fake BTC generated by exchange
— cnLedger (@cnLedger) January 13, 2017
Altcoin trader feedback has been positive with some saying the bitcoin price will become much more stable and less volatile. No doubt the exchanges are happy too, as one recent tweet suggested a one transaction shorting loss of -$243,000 in the recent bitcoin price rally.
Bitcoin One Month Chart
The one month chart shows where the rally took off and declined:
The Fibonacci overlay pins the current price at the beginning of the third retracement step.
Get the weekly detail on the Featured Chart.
Bitcoinity.org data shows market share of major BTC/USD exchanges over two years. The top three are OKCoin, Bitfinex and Bitstamp, with BTC-e holding down fourth position in total BTC/USD marketshare. This is a fractional market. Sales in BTC/CNY are exponentially larger.
Two Year Bitcoin Chart: All Currencies
By comparison, here is the pie chart for the same two year period including all currency trades. OKCoin, Huobi and BTCC are firmly entrenched in the top three positions. As seen before, these three Chinese exchanges account for 94.13% of all bitcoin traded in the last two years:
Price change is the percentage change within the period:
Poloniex is the data source for this market report.
Market capitalization is the total $US dollar value of the Bitcoin market calculated using the formula:
|Market cap||$ 13,268,377,600|
|Last price||$ 824.00|
Daily High Low
The weekly trend is mixed.
Support is the lowest price within the period:
Resistance is the highest price within the period:
The data source Poloniex does NOT offer margin trading on this digital asset.
Range is the difference in price within the period:
Market sentiment is neutral.
Bitcoin is down -0.23% on the day, down -8.51% on the week and up 5.81% on the month. The weekly trend is mixed. BTC/USDT saw weekly support at $751.00 and weekly resistance at $939.65. Market sentiment is neutral.
Past history is NOT an indicator of future results. Read the legal disclaimer:
This report was printed on Saturday January 14 2017 21:44 hours UTC. Contact KittyBitcoin to request custom reports.
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