Bitcoin Market Report: BTC/USDT Down -0.57% on the Month
Bitcoin is up 4.11% on the day, up 7.10% on the week and down -0.57% on the month on a last price of $956.50. BTC/USDT is trading between a 24hr high of $963.36 and a 24hr low of $916.00 on a 24hr volume of 1492990 USDT or 1583 BTC. The weekly trend is up.
|last price||$ 956.50|
|one week ago||$ 893.10|
Bitcoin is much the same price it was over 30 days ago. We did however see significant red in two events early in the month. January 05/06 2017 saw the price plummet from a high of $1159.10 to a low of $870.00. Another sell off on January 11 2017 bottomed out at $751.00. The balance of the month saw a gently rising price culminating in where we are now – down -0.57% on the month.
A gently rising BTC price can be a good thing for altcoins. However today’s BTC spike of up 4.11% on the day and up 7.10% on the week has already caused some altcoin trading impact.
One Month Chart
The twenty-four hour fifteen minute candlestick chart zeros in on the day’s upward movement on the Featured Chart.
Yesterday we ran a Litecoin Market Report because of exceptionally high volume. Today we learned from Marco of Team Genesis that “we have launched Litecoin mining again with the newest technology and optimized setup.” If you aren’t familiar with Litecoin, check out their report here: http://blog.genesis-mining.com/altcoin-report-4-litecoin.
Genesis Mining is one of the largest digital asset mining firms and claim to be “The world’s leading hashpower provider” and that “Genesis Mining is an easy and safe way to purchase hashpower without having to deal with complex hardware and software setup.” They offer Zcash, Bitcoin, Ether and X11 mining contracts:
Price change is the percentage change within the period:
Poloniex is the data source for this market report.
Market capitalization is the total $US dollar value of the Bitcoin market calculated using the formula:
|Market cap||$ 15,434,454,166|
|Last price||$ 956.50|
Daily High Low
The weekly trend is up.
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 bullish.
Bitcoin is up 4.11% on the day, up 7.10% on the week and down -0.57% on the month. The weekly trend is up. BTC/USDT saw weekly support at $882.08 and weekly resistance at $963.36. Market sentiment is bullish.
Past history is NOT an indicator of future results. Read the legal disclaimer:
This report was printed on Tuesday January 31 2017 19:12 hours UTC. Contact KittyBitcoin to request custom reports.
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