Bitcoin Market Report: BTC/USD Sets New All Time High of $1345.44

Brief:


Bitcoin is up 0.01% on the day, down -2.80% on the week and up 26.43% on the month on a last price of $1244.12. BTC/USD is trading between a 24hr high of $1250.00 and a 24hr low of $1180.00 on an OKCoin 24hr volume of 2723 BTC. The weekly trend is mixed after the recent all time high of $1345.44.

Last price

1244.12 BTC/USD

$USD

last price $ 1244.12
one week ago $ 1279.96
percentage -2.80%

Volume

Volume

The 24 hour volume on Okcoin is 2723 BTC.

Remarks

Monthly Bitcoin Volume, All Currencies
This Bitcoinity chart shows thirty days of volume in bitcoin. Today the volume is tapering off after the record setting price and subsequent post ETF news sell-off of several days ago:

chart-btc-volume-all-currencies-2017-03-13

The record all time high price of $1345.44 on OKCoin came on March 01 2017. Trading speculation was rife over the potential approval by the U.S. Securities and Exchange Commission of the now failed Winklevoss Bitcoin ETF. The overly bouyant bitcoin price declined to $1050 a few days later – a loss of over $265 – in the space of about fifteen minutes.

The new all time high saw the bitcoin price more than double from last October 2016.

OKCoin BTC/USD All Time High March 01 2017
chart-okcoin-btc-all-time-high-of-march01-2017

In the aftermath of the two month bitcoin rally we are seeing mixed trading with $1225 a support zone for the last several days. Bitcoin market capitalization is now over twenty billion dollars.

Market Share by Exchange, All Currencies, Thirty Days
This Bitcoinity chart shows exchange market share in a one month snapshot of all currencies:
chart-marketshare-bitcoin-all-currencies-by-exchange-30day-2017-03-13

Bitflyer is almost dead even with Bitfinex in all BTC currencies traded.

Market Share by Exchange, BTC/USD, Thirty Days
This chart shows thirty days of BTC/USD by exchange:
chart-marketshare-bitcoin-usd-by-exchange-30day-2017-03-13

Bitfinex is on top with a huge lead over the next closest exchange Bitstamp.

Browse Historical Archive
Gain insight into the unique characteristics of this digital asset. Browse our comprehensive collection of Bitcoin Market Reports in BTC/USD [opens in new tab] – the West’s most popular bitcoin pair.

Price change

Price change is the percentage change within the period:

period change
day 0.01%
week -2.80%
month 26.43%

Featured Chart

Tap or click chart to enlarge:

chart-btc-usd-5month-okcoin-2017-03-13

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 $ 20,171,819,547
Available supply 16213725
Last price $ 1244.12

Daily High Low

daily high 1250.00
daily low 1180.00

Trend

The weekly trend is mixed.

trend is MIXED

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 70.00000000
week -35.84000000
month 260.12000000

Market sentiment

Market sentiment is neutral.

sentiment neutral

Image courtesy Pixabay.com

Summary

Bitcoin is up 0.01% on the day, down -2.80% on the week and up 26.43% on the month. The weekly trend is mixed. BTC/USD saw weekly support at $1050.00 and weekly resistance at $1318.97. Market sentiment is neutral.

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 March 13 2017 21:20 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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