Bitcoin Market Report: $BTC Partially Recovers Weekly Loss
Bitcoin makes a partial recovery from a weekly loss. Bitcoin is up 4.54% on the day, down -7.73% on the week and up 20.79% on the month on a last price of $2674.00. $BTC/USD is trading between a 24hr high of $2750.00 and a 24hr low of $2444.00 on a 24hr OKCoin volume of 1024 BTC. The weekly trend is mixed.
|last price||$ 2674.00|
|one week ago||$ 2898.00|
Bitcoin lost over -7.73% on the week. In the last week we saw BTC peak at $2979.80 on OKCoin.com on June 20 2017 at nine in the evening. The price tracked sideways at around $2890 until June 24. Thereafter we saw the sell off in which 2748 BTC changed hands on June 25. The drop was across the board as all exchanges saw a significant deflation in bitcoin’s price this week.
The good news is that BTC – despite its weekly loss – is still up 20.79% on the month on a last price of $2674.00.
We have continuing market uncertainty arising from industry divergence over the technical course of bitcoin software development. This has and will continue to plague bitcoin until such time as a final outcome is known. Accordingly users can expect more volatility and unpredictable price swings in the medium term with this market.
Bitcoin Market Reports
Browse $BTC dynamics with our Bitcoin Market Report collection:
Here are Bitcoin spot prices at print time:
Bitcoin Monthly Market Share by Exchange: All Currencies
Bitcoinity reports interesting market share numbers for a one month period including all BTC currency types:
Kraken, Bitfinex, Coinbase (GDAX), OKCoin and Bitstamp lead all others in total amount of bitcoin traded in thirty days.
USD Sales Only
Who had the most bitcoin volume for only BTC in $USD? This chart indicates the marketshare of bitcoin traded in just US dollars:
Coinbase Potentially Liable for Cryptsy Losses?
According to Law111.com “In the wake of the collapse of cryptocurrency exchange, Cryptsy, due to its founder’s fraud, investors are now targeting Coinbase as a supposed aider and abettor of that fraud.” The argument is that Coinbase should have known Cryptsy was laundering withdrawls via Coinbase. Because Coinbase potentially failed to effectively enforce anti money laundering through its operations it then becomes potentially liable for those same losses.
This is an unusual circumstance given that many Reddit and other forum users complained often and loudly about how tough and stringent Coinbase was in enforcing its AML/KYC regime. If Coinbase can be liable, almost every exchange could be since other exchanges may enforce AML to a lesser extent than Coinbase. However, it may be that the bulk of funds were channeled through Coinbase.
Altcoin Market Reports
We publish recent and topical Market Reports on many altcoins. Browse our comprehensive collection of Altcoin Market Reports.
Price change is the percentage change within the period:
Okcoin is the data source for this market report – except as noted.
Market capitalization is the total $US dollar value of the Bitcoin market calculated using the formula:
|Market cap||$ 43,897,052,500|
|Last price||$ 2674.00|
Daily High Low
The weekly trend is mixed.
Support is the lowest price within the period:
Resistance is the highest price within the period:
The data source Okcoin offers margin trading on this digital asset.
Range is the difference in price within the period:
Market sentiment is neutral.
Bitcoin makes a partial recovery from a weekly loss. Bitcoin is up 4.54% on the day, down -7.73% on the week and up 20.79% on the month. The weekly trend is mixed. $BTC/USD saw weekly support at $2444.00 and weekly resistance at $2979.80. Market sentiment is neutral.
Past history is NOT an indicator of future results. Read the legal disclaimer:
This report was printed on Wednesday June 28 2017 22:11 hours UTC. Contact KittyBitcoin to request custom reports.
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