Bitcoin

Bitcoin Market Report: $BTC All Time High

Brief:


Bitcoin has reached a new all time high of $5,269 on Bitfinex. Bitcoin is up 9.16% in 24 hours, up 23.69% on the week and up 24.15% on the month on a last price of $5,214.80. The Bitcoin marketcap is $86,665,084,518 with a circulating supply of 16,619,062 $BTC. $BTC/USD is trading between a 24hr high of $5,269.00 and a 24hr low of $4,815.00 on a 24hr Bitfinex volume of 59,350 BTC. In moderate volume trading the weekly trend is up.

Last price

5214.80 $BTC/USD

$USD

last price $ 5,214.80
one week ago $ 4,215.90
percentage 23.69%

Volume

Volume

$BTC 24 hour volume
USD 59,350 BTC
all currencies 399,612 BTC

The 24 hour volume for $BTC/USD on Bitfinex is 59,350 BTC. This volume weight is moderate when compared with Bitfinex daily trading levels for $BTC over the last month.

The total 24 hour volume for all reporting $BTC markets is 399,612 BTC.

Market Share

The Bitfinex currency pair $BTC/USD is 14.85% of all $BTC traded in twenty-four hours. Bitfinex is the global leader in market share for Bitcoin.

Top Ten Markets by Market Share 24 Hours

1. Bitfinex
2. Bithumb
3. Bitflyer
4. Bitstamp
5. HitBTC
6. GDAX
7. Kraken
8. Gemini
9. CoinOne
10. Korbit

Of these, three are South Korean (Bithumb, CoinOne, Korbit). Bitflyer is Japanese based. HitBTC is Europe based. GDAX, Kraken and Gemini are USA exchanges. Bitstamp is in a United Kingdom jurisdiction. Of the top ten exchanges the Asian exchanges are still dominant. Apparently the September 2017 closure of Chinese mainland bitcoin exchanges has given rise to the prominence of Korean and other Asian based exchanges.

So we have swapped Chinese for Korean and Japanese exchanges. How this possibly benefits the Chinese economy is a bewilderment.

Remarks

Bitcoin has reached a new all time high of $5,269 on Bitfinex. Bitcoin is up 9.16% in 24 hours, up 23.69% on the week and up 24.15% on the month on a last price of $5,214.80. The Bitcoin marketcap is $86,665,084,518 with a circulating supply of 16,619,062 $BTC. $BTC/USD is trading between a 24hr high of $5,269.00 and a 24hr low of $4,815.00 on a 24hr Bitfinex volume of 59,350 BTC. In moderate volume trading the weekly trend is up.

Reasons for Uptrend
The reasons for the bullish bitcoin market are reportedly an increase in Asian market sales, institutional sales, continuing bitcoin news coverage (favorable or otherwise) in major financial media, the swift recovery from forced Chinese bitcoin exchange closures, Japan officially legalizing new bitcoin exchanges and technical analysis which still looks good in the short term for a continued bullish run.

CoinMarketCap.com YTD Chart

One Day Candles

Bitcoin Sets All Time High $5,269
Bitcoin Sets All Time High $5,269

Browse Bitcoin Collection

Learn about the unique characteristics of $BTC. Browse our collection of Bitcoin Market Reports.

24 Hours of Bitcoin
24 Hours of #Bitcoin
8.7% price $5,233.11
vol $2,107,680,000
mktcap $86,969,578,401
16.62M #XBT 16:19 #FinTech
http://kittybitcoin.com/bitcoin/24_hours_of_bitcoin.php

XBTLivePriceTM

Yesterday

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Price change

Price change is the $BTC percentage change within the period:

period change
day 9.16%
week 23.69%
month 24.15%

Highlight Chart

Tap / click to enlarge:

Three Year Chart

Data source

Bitfinex is the main data source for this report. Other sources are credited where used.

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 $ 86,665,084,518
Circulating supply 16,619,062
Last price $ 5214.80
Circulating supply data courtesy of CoinMarketCap.com.

Daily High Low

daily high 5269.00
daily low 4815.00

Trend

The weekly trend is up.

trend is UP

Resistance

Resistance is the highest price within the period:

period resistance
day 5269.00
week 5269.00

Support

Support is the lowest price within the period:

period support
day 4815.00
week 4133.00

Market sentiment

Market sentiment is bullish.

sentiment bullish

Image courtesy Pixabay.com

Summary

Bitcoin has reached a new all time high of $5,269 on Bitfinex. Bitcoin is up 9.16% in 24 hours, up 23.69% on the week and up 24.15% on the month on a last price of 5214.80. The Bitcoin marketcap is $86,665,084,518 with a circulating supply of 16,619,062 $BTC. $BTC/USD saw weekly resistance at $5,269.00 and weekly support at $4,133.00. Market sentiment is bullish. The weekly trend is up in moderate volume trading.

Analytic Strategy: Objective Analysis

Objective analysis begins free of subjectivity. Interpretation of technical analysis geometric patterns, for example perceived shapes on a trading chart, is inherently subjective. This report is free of technical subjectivity to the maximum extent reasonably possible.

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 Thursday October 12 2017 15:06 hours UTC. Contact KittyBitcoin to request custom reports. Share your thoughts with @KittyBitcoin on Twitter.

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Thanks for reading! 🙂

Tags

Bitcoin, $BTC, USD, Bitfinex, Market, Report, $BTC/USD

@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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