Bitcoin

Bitcoin Market Report: $BTC Flies Above $3200

Brief:


Bitcoin flies above $3200 to set a new all time high. Bitcoin is up 14.35% in 24 hours, up 14.57% on the week and up 23.68% on the month on a last price of $3190.70. $BTC/USD is trading between a 24hr high of $3240.00 and a 24hr low of $2853.30 on a Bitfinex 24hr volume of $134,257,000. The weekly trend is mixed.

Last price

3190.70 $BTC/USD

$USD

last price $ 3190.70
one week ago $ 2784.90
percentage 14.57%

Volume

Volume

The 24 hour volume on Bitfinex is $134,257,000.

Remarks

Bitcoin flies above $3200 to set a new all time high. Bitcoin is up 14.35% in 24 hours, up 14.57% on the week and up 23.68% on the month on a last price of $3190.70.

The buoyed crypto comes hard on the heels of a bitcoin chain split. The split saw the creation of BCash which to date has failed to garner widespread support. Originally seen as a competitor to bitcoin, the reality set in yesterday with a Bcash daily trading closing price of $221.60 while the original bitcoin closed yesterday at $2860.00 at 23:59 hours on August 04 2017. Browse our latest Bcash market report “Bitcoin Cash Launch Report: Bitfinex $BCH/USD Down -49.39%”.

Also see the first Bcash launch report with ViaBTC data “Bitcoin Cash Launch Report: $BCC Down -16.67%” or Kraken’s Bcash Launch Report in euros “Bitcoin Cash Launch Report: Kraken $BCH/EUR Trend Down”.

The emergence of bitcoin relatively unscathed from the fork has resulted in renewed investor confidence – and a new all time high.

CoinMarketCap YTD Chart

One Month Chart: Daily Candles

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XBTLivePrice
Bitcoin spot prices from four major exchanges at print time:

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Price change

Price change is the percentage change within the period:

period change
day 14.35%
week 14.57%
month 23.68%

Featured Chart

Tap or click chart to enlarge:

Data source

Bitfinex is the data source for this market report – except as noted.

Market capitalization

Market capitalization is the total $US dollar value of the Bitcoin market calculated using the formula:

market cap = ( circulating supply x last price )
Market cap $ 52,613,085,938
Circulating supply 16,489,512
Last price $ 3190.70
Circulating supply data courtesy of CoinMarketCap.com.

Daily High Low

daily high 3240.00
daily low 2853.30

Trend

The weekly trend is mixed.

trend is MIXED

Support

Support is the lowest price within the period:

period support
day 2853.30
week 2404.00

Resistance

Resistance is the highest price within the period:

period resistance
day 3240.00
week 3240.00

Range

Range is the difference in price within the period:

period range
day 386.70000000
week 405.80000000

Market sentiment

Market sentiment is bullish.

sentiment bullish

Image courtesy Pixabay.com

Summary

Bitcoin flies above $3200 to set a new all time high. Bitcoin is up 14.35% in twenty-four hours, up 14.57% on the week and up 23.68% on the month. The weekly trend is mixed. $BTC/USD saw weekly support at $2404.00 and weekly resistance at $3240.00. Market sentiment is bullish.

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 August 05 2017 10:04 hours UTC. Contact KittyBitcoin to request custom reports. Share your thoughts with @KittyBitcoin on Twitter.

Coming soon

Thanks for reading! 🙂

Tags

Bitcoin, $BTC/USD, Bitfinex, 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

@KittyBitcoin supplies mobile friendly blockchain intelligence on http://kittybitcoin.com. Their favorite color is pink and the bigger the wool ball the better.
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