Dash Market Report: DASH/BTC Sets All Time High of $74.34
Dash is up 36.25% on the day, up 78.89% on the week and up 284.15% on the month on a last price of 0.06240000. DASH/BTC is trading between a 24hr high of 0.06348900 and a 24hr low of 0.04346013 on a 24hr volume of 28391 BTC or 525240 DASH. The weekly trend is up.
|last price||$ 72.84|
|one week ago||$ 40.72|
DASH/BTC set an all time high today of 0.06348900 BTC or $74.34 at today’s bitcoin price. Dash is up a whopping 284.15% on the month and tops today’s altcoin volume leaders on Poloniex.com.
DASH/BTC has seen continual price growth since mid February 2017 during which it spiked to 0.0485000 on March 02 on a thirty day high volume of 41,330 BTC. It then began to climb even higher to today’s all time high.
The Dash climb came against the backdrop of a sharp bitcoin price decline. OKCoin saw a daily bitcoin high of $1318.97 fall to $1050 – a loss of $268.97 – in the space of about fifteen minutes.
The SEC made a ruling against the acceptance of the much touted Winklevoss Bitcoin ETF. The proposal received a lot of trading interest, and substantively affected crypto prices, but failed to garner the required support of the conservative US Securities and Exchange Commission. According to the SEC the reason for the rejection is:
“As discussed further below, the Commission is disapproving this proposed rule change because it does not find the proposal to be consistent with Section 6(b)(5) of the Exchange Act, which requires, among other things, that the rules of a national securities exchange be designed to prevent fraudulent and manipulative acts and practices and to protect investors and the public interest.
The Commission believes that, in order to meet this standard, an exchange that lists and trades shares of commodity-trust exchange-traded products (“ETPs”) must, in addition to other applicable requirements, satisfy two requirements that are dispositive in this matter. First, the exchange must have surveillance-sharing agreements with significant markets for trading the underlying commodity or derivatives on that commodity. And second, those markets must be
Get the complete “Order Disapproving a Proposed Rule Change” decision here.
Apparently the new Trump USA administration has not addressed dinosaur like tendencies in the Securities and Exchange Commission, or its business squashing interpretation of regulations. There is a substantive amount of new economic activity which could result if new approaches in government – including in the SEC – were made.
Dash Weekly Chart
Zoom in for weekly Dash price and volume details with the Featured Chart.
Price change is the percentage change within the period:
Poloniex is the data source for this market report.
Market capitalization is the total $US dollar value of the Dash market calculated using the formula:
|Market cap||$ 521,445,462|
|Last price||$ 72.84|
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 offers margin trading on this digital asset.
Range is the difference in price within the period:
Market sentiment is bullish.
Dash is up 36.25% on the day, up 78.89% on the week and up 284.15% on the month. The weekly trend is up. DASH/BTC saw weekly support at 0.03155210 and weekly resistance at 0.06348900. Market sentiment is bullish.
Past history is NOT an indicator of future results. Read the legal disclaimer:
This report was printed on Saturday March 11 2017 22:02 hours UTC. Contact KittyBitcoin to request custom reports.
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