Bitcoin Market Report: BTC/USD Crashes -11.75% Overnight

Brief:


Bitcoin crashes -11.75% overnight. Bitcoin is down -11.75% on the day, up 9.28% on the week and up 71.07% on the month on a last price of $2157.27. BTC/USD is trading between a 24hr high of $2315.02 and a 24hr low of $1928.61 on a 24hr volume of 8,750 BTC. The weekly trend is mixed.

Last price

2157.27 BTC/USD

$USD

last price $ 2157.27
one week ago $ 1974.13
percentage 9.28%

Volume

Volume

The 24 hour volume on Okcoin is 8,750 BTC.

Remarks

OKCoin posted a bitcoin high of $2913.02 on May 24 2017 at 17:00 hours. It dropped to a low of $1928.61 on May 27 at 3:00 hours for a multi day drop of about $984.41:

XBTLivePrice – Three Day Snapshot
Today – May 27

Yesterday – May 26

Two Days Ago – May 25

CoinMarketCap.com BTC Since August 2013
We haven’t seen a crash like this for a long time. Going back to March of 2017 we did see a major correction. The recent behavior heralds back to the “flash crashes” of early bitcoin days.

One Month Chart
The one month four hour candle chart shows the depth of the recent crash:

The good news is that we saw a partial bitcoin price recovery to a last price of $ 2157.27 – and its back to business as usual.

Bitcoinity Exchange Market Share – All BTC Currency Pairs 30 Days
Taking a look at a month in bitcoin trades in all currencies these are the leading BTC exchanges by reported volume:
We see Kraken on top (after Others) as the trading leader of all bitcoin currency pairs in thirty days. OKCoin and Bitfinex are in the exchange number two and three position respectively.

Kraken’s success is no flash in the pan. They’ve worked long and hard over the last couple of years developing new markets and expanding in traditional arenas. They deserve every ounce of success they enjoy today.

BTC/USD Only, Thirty Days
This chart shows the last thirty days of only BTC trades in $USD:

Bitfinex tops the list of trades in BTC/USD.

Both piecharts are courtesy of Bitcoinity.org.

Altcoin Market Reports
We offer a comprehensive array of altcoin market reports. Take a look at our recent publications.

Price change

Price change is the percentage change within the period:

period change
day -11.75%
week 9.28%
month 71.07%

Featured Chart

Tap or click chart to enlarge:

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 $ 35,282,338,532
Available supply 16355087
Last price $ 2157.27

Daily High Low

daily high 2315.02
daily low 1928.61

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 386.41000000
week 183.14000000
month 896.23000000

Market sentiment

Market sentiment is bearish.

sentiment bearish

Image courtesy Pixabay.com

Summary

Bitcoin crashes -11.75% overnight. Bitcoin is down -11.75% on the day, up 9.28% on the week and up 71.07% on the month. The weekly trend is mixed. BTC/USD saw weekly support at $1582.08 and weekly resistance at $2913.02. Market sentiment is bearish.

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 Saturday May 27 2017 18:08 hours UTC. Contact KittyBitcoin to request custom reports.

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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