Bitcoin

Bitcoin Market Report: $BTC Volume Down, Price Sideways

Brief:


$BTC has seen volume lessen and price drift over the last week. Bitcoin is down -3.91% in 24 hours, up 6.09% on the week and down -23.93% on the month on a last price of $11,072. The Bitcoin marketcap is $186,389,369,600 with a circulating supply of 16,834,300 $BTC. $BTC/USDT is trading between a 24hr high of $11,464 and a 24hr low of $10,894 on a 24hr OKEx volume of 29,429 BTC. This trading volume is moderate. The weekly price trend is mixed.

Last price

11072 $BTC/USDT

$USD

last price $ 11072
one week ago $ 10436

Price change

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

period change
day -3.91%
week 6.09%
month -23.93%

Volume

Volume

$BTC 24 hour volume
USDT 29,429 BTC
all $BTC currencies 623,455 BTC

The 24 hour volume for $BTC/USDT on OKEx is 29,429 BTC. This volume weight is moderate when compared with OKEx daily trading levels for $BTC over the last month.

The total 24 hour volume for all reporting $BTC markets is 623,455 BTC.

Market Share

The OKEx currency pair $BTC/USDT is 4.72% of all $BTC traded in twenty-four hours. OKEx is the international leader in bitcoin sales with its market topping $BTC/USDT pair. Second is Bitfinex (USD 4.02%). Third is Upbit (KRW 2.60%).

OKEx again garners top mention with its $ETH/BTC pair (2.31%). This is a sure sign ether is gaining a steadfast hold on the crypto world when the fourth largest BTC pair is ether. Read the latest ether report based on OKEx data right here on AllCoinsNews.com.

Remarks

$BTC has seen volume lessen and price drift over the last week. Bitcoin is down -3.91% in 24 hours, up 6.09% on the week and down -23.93% on the month on a last price of $11,072. The Bitcoin marketcap is $186,389,369,600 with a circulating supply of 16,834,300 $BTC. $BTC/USDT is trading between a 24hr high of $11,464 and a 24hr low of $10,894 on a 24hr OKEx volume of 29,429 BTC. This trading volume is moderate. The weekly price trend is mixed.

One Year Chart

One Day Candles

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
-3.97% price $11,065.40
vol $6,821,970,000
mktcap $186,279,369,760
16.83M #XBT 03:00 #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:

$BTC has seen volume lessen and price drift over the last week. Bitcoin is down -3.91% in 24 hours, up 6.09% on the week and down -23.93% on the month on a last price of $11,072.
$BTC has seen volume lessen and price drift over the last week. Bitcoin is down -3.91% in 24 hours, up 6.09% on the week and down -23.93% on the month on a last price of $11,072.
Bitcoin Starter Guide
What Is Bitcoin? A Quick Starter Guide
What Is Bitcoin? A Quick Starter Guide

For beginning bitcoin enthusiasts here is a no nonsense approach to “What Is Bitcoin? A Quick Starter Guide” by Fergus O’Sullivan. This article cuts through a lot of the hype and technical issues with an easy to read style:

URL: https://www.cloudwards.net/what-is-bitcoin/

Crypto Jacking Hits YouTube

Data sources

Main Data Source

OKEx is the main data source for this report. The One Day Candles chart, highlight chart, and digital asset numeric trading data are from OKEx.

Secondary

CoinMarketCap is the secondary data source for this report. The One Year Chart, cryptocurrency rank, token circulating supply, and daily market share are sourced from CoinMarketCap.com.

Tertiary

XBTLivePriceTM and 24 Hours of Bitcoin are data products from KittyBitcoin.com

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 $ 186,389,369,600
Circulating supply 16,834,300
Last price $ 11072

Daily High Low

daily high $11,464 USDT
daily low $10,894 USDT

Trend

The weekly trend is mixed. We have seen significant price changes in red and green daily candles this week.

On Saturday January 27 2018 we saw the week’s highest price and widest daily range. The low was $10,600 while the high was $13,891 for a range of $3,291.

Gold Price per Ounce
Gold Price per Ounce today was $1,348.10. The bitcoin range in daily price on Saturday vastly exceeded the price today of two ounces of gold.

Gold Price per Ounce today was $1,348.10. Bitcoin last price is $11,072.
Gold Price per Ounce today was $1,348.10. Bitcoin last price is $11,072.
trend is MIXED

Trend is "mixed" when the week contains both green and red daily price candles, price movement up or down is significant, and there is no clear weekly price direction.

Resistance

Resistance is the highest price within the period:

period resistance
day 11464 USDT
week 13891 USDT

Support

Support is the lowest price within the period:

period support
day 10894 USDT
week 9970 USDT

We saw the weekly low of $9,970 USDT on January 22 2018 which came close to the monthly January low as well.

On January 16 2018 we saw the highest volume of January and the lowest January price: $ 9,150 per bitcoin.

20% Off Bitcoin
With price more than twenty percent lower (-23.93%) than a month ago in December, some social media buzz are saying its a 20% OFF sale on most crypto – which is perhaps not far from the truth. With the price of bitcoin being near a monthly low – and near the lowest since the Christmas bubble – some investors might suggest this is a good time to buy.

Market sentiment

Market sentiment is neutral. Volume is lessening and the last two daily candles are red. We did however see a big price spike on Saturday.

The $BTC market is meandering after the big selloff of January 15 to 16 when we saw a high of $14,027 and then a plummet to a low of $9,150 in just two days. That’s a drop of $4,877 – not for faint of heart traders.

sentiment neutral

Image courtesy Pixabay.com

Summary

$BTC has seen volume lessen and price drift over the last week. Bitcoin is down -3.91% in 24 hours, up 6.09% on the week and down -23.93% on the month on a last price of $11,072. The Bitcoin marketcap is $186,389,369,600 with a circulating supply of 16,834,300 $BTC. $BTC/USDT saw weekly resistance at $13,891 USDT and weekly support at $9,970 USDT. Market sentiment is neutral. The weekly price trend is mixed in daily 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 Tuesday January 30 2018 02:55 hours UTC. Contact KittyBitcoin to request custom reports. Share your thoughts with @KittyBitcoin on Twitter.

Bitcoin & Ethereum

Thanks for reading! 🙂

Tags

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

KittyBitcoin supplies blockchain intelligence on http://kittybitcoin.com, on industry leading websites, and through white label channels since 2014. Follow @KittyBitcoin on Twitter®.
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