Bitcoin Market Report: BTC/USD Crashes -11.75% Overnight
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|
|one week ago||$ 1974.13|
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:
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.
Both piecharts are courtesy of Bitcoinity.org.
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Price change is the percentage change within the period:
Okcoin is the data source for this market report.
Market capitalization is the total $US dollar value of the Bitcoin market calculated using the formula:
|Market cap||$ 35,282,338,532|
|Last price||$ 2157.27|
Daily High Low
The weekly trend is mixed.
The data source Okcoin offers margin trading on this digital asset.
Range is the difference in price within the period:
Market sentiment is bearish.
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.
Past history is NOT an indicator of future results. Read the legal disclaimer:
This report was printed on Saturday May 27 2017 18:08 hours UTC. Contact KittyBitcoin to request custom reports.
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