Bitcoin

Bitcoin Market Report: BTC/USDT Down -0.57% on the Month

Brief:


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 BTC/USDT

$USD

last price $ 956.50
one week ago $ 893.10
percentage 7.10%

Volume

Volume

The 24 hour volume on Poloniex is 1492990.24649963 USDT or 1583.56810844 BTC.

Remarks

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

chart-btc-usdt-1month-4hour-2017-01-31

The twenty-four hour fifteen minute candlestick chart zeros in on the day’s upward movement on the Featured Chart.

Litecoin
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:

Browse Genesis Mining
genesis-mining-600x90-21

Price change

Price change is the percentage change within the period:

period change
day 4.11%
week 7.10%
month -0.57%

Featured Chart

Tap or click chart to enlarge:

chart-btc-usdt-24hour-15minute-2017-01-31

Data source

Poloniex 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 $ 15,434,454,166
Available supply 16136387
Last price $ 956.50

Daily High Low

daily high 963.36
daily low 916.00

Trend

The weekly trend is up.

trend is UP

Support

Support is the lowest price within the period:

period support
day 916.00
week 882.08
biweekly 850.00
month 751.00

Resistance

Resistance is the highest price within the period:

period resistance
day 963.36
week 963.36
biweekly 963.36
month 1159.13

Margin trading

no

The data source Poloniex does NOT offer margin trading on this digital asset.

Range

Range is the difference in price within the period:

period range
day 47.36000000
week 63.40000000
month -5.50000000

Market sentiment

Market sentiment is bullish.

sentiment bullish

Image courtesy Pixabay.com

Summary

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.

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 Tuesday January 31 2017 19:12 hours UTC. Contact KittyBitcoin to request custom reports.

Coming soon

Thanks for reading! 🙂

Tags

Bitcoin, BTC/USDT, Poloniex, 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

@KittyBitcoin supplies mobile friendly blockchain intelligence on http://kittybitcoin.com. Their favorite color is pink and the bigger the wool ball the better.
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