Bitcoin

Bitcoin Market Report: $BTC Has Lost $9600 – Almost 50% of ATH Value

Brief:


Bitcoin continues to melt down and has again reached a point where its value is close to half that of the OKEx.com December 16 2017 all time high of $19,821.98. Bitcoin is down -8.29% in 24 hours, down -26.97% on the week and down -20.09% on the month on a last price of $10179. The Bitcoin marketcap is $171,207,339,498 with a circulating supply of 16,819,662 $BTC. $BTC/USDT is trading between a 24hr high of $10,717.52 and a 24hr low of $10,134.72 on a 24hr OKEx volume of 53,087 BTC. In daily moderate to heavy volume trading the weekly trend is down.

Last price

10179 $BTC/USDT

$USD

last price $ 10179
one week ago $ 13939

Price change

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

period change
day -8.29%
week -26.97%
month -20.09%

Volume

Volume

$BTC 24 hour volume
USDT 53,087 BTC
all $BTC currencies 914,338 BTC

The 24 hour volume for $BTC/USDT on OKEx is 53,087 BTC. This volume weight is moderate to heavy when compared with OKEx daily trading levels for $BTC over the last month.

The total 24 hour volume for all reporting $BTC markets is 914,338 BTC.

Market Share

The OKEx currency pair $BTC/USDT is 5.81% of all $BTC traded in twenty-four hours. Bitfinex (6.35%) is daily market share leader, followed by OKEx. Binance, Upbit and BitFlyer hold descending market share. None of the top five international bitcoin exchanges are based in the United States.

Remarks

Bitcoin continues to melt down and has reached a point where its value is close to half that of the December 16 2017 all time high. Bitcoin is down -8.29% in 24 hours, down -26.97% on the week and down -20.09% on the month on a last price of $10179. The Bitcoin marketcap is $171,207,339,498 with a circulating supply of 16,819,662 $BTC. $BTC/USDT is trading between a 24hr high of $10,717.52 and a 24hr low of $10,134.72 on a 24hr OKEx volume of 53,087 BTC. In daily moderate to heavy volume trading the weekly trend is down.

Nobody likes bad news but there isn’t much good news in bitcoin prices lately. Bitcoin bears have control, volume is moderate to high, and it looks like the price will fall lower.

Price is close to half the value of bitcoin on the sixteenth of December when it peaked at $19,821.98 on OKEx.com. Today’s last price is $10179.

The last time the author saw the downtrend weekly high being the first recorded price of the (weekly) interval – with all subsequent prices lower – a crash of large proportion followed soon after. That was recently when bitcoin crashed double digits.

One Year Chart

Courtesy CoinMarketCap.com

One Day Candles

Top Crypto Tokens Fall Alongside $BTC
Bitcoin also has drawn down most of the top 20 altcoins:

Crypto top twenty fall with bitcoin.
Most crypto top twenty fall with bitcoin.

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
-9.64% price $10,310.70
vol $9,487,430,000
mktcap $173,423,777,821
16.82M #XBT 21:43 #FinTech
http://kittybitcoin.com/bitcoin/24_hours_of_bitcoin.php

XBTLivePriceTM

Yesterday

Altcoin Market Reports
We publish topical Market Reports on many altcoins. Browse our extensive collection of Altcoin Market Reports.

Highlight Chart

Tap / click to enlarge:

Bitcoin continues to melt down and has reached a point where its value is close to half that of the December high. Bitcoin is down -8.29% in 24 hours, down -26.97% on the week and down -20.09% on the month on a last price of $10179.
Bitcoin continues to melt down and has reached a point where its value is close to half that of the December high. Bitcoin is down -8.29% in 24 hours, down -26.97% on the week and down -20.09% on the month on a last price of $10179.

Data source

OKEx 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 $ 171,207,339,498
Circulating supply 16,819,662
Last price $ 10179
Circulating supply data courtesy of CoinMarketCap.com.

Daily High Low

daily high 10,717.52 USDT
daily low 10,134.72 USDT

Trend

The weekly trend is down.

trend is DOWN

Trend is "down" when the weekly price movement is predominantly downwards.

Resistance

Resistance is the highest price within the period:

period resistance
day 10,717.52 USDT
week 13939 USDT

Support

Support is the lowest price within the period:

period support
day 10,134.72 USDT
week 9150 USDT

Market sentiment

Market sentiment is bearish.

sentiment bearish

Image courtesy Pixabay.com

Summary

Bitcoin continues to melt down and has again reached a point where its value is close to half that of the OKEx.com December 16 2017 all time high of $19,821.98. Bitcoin is down -8.29% in 24 hours, down -26.97% on the week and down -20.09% on the month on a last price of $10,179. The Bitcoin marketcap is $171,207,339,498 with a circulating supply of 16,819,662 $BTC. $BTC/USDT saw weekly resistance at $13,939 USDT and weekly support at $9,150 USDT. Market sentiment is bearish. The weekly trend is down in daily moderate to heavy 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 Monday January 22 2018 21:35 hours UTC. Contact KittyBitcoin to request custom reports. Share your thoughts with @KittyBitcoin on Twitter.

Thanks for reading! 🙂

Tags

Bitcoin, $BTC, USDT, OKEx, Market, Report, $BTC/USDT, altcoins

@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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