Altcoins

Monero Market Report: Bearish Bitcoin Pushes $XMR Down

Brief:


Bitcoin ($BTC) is down -8.79% in 24 hours to $9,387.49. This is exerting downward pressure on $XMR. Monero is down -2.91% in 24 hours, down -4.90% on the week and up 11.55% on the month on a last price of 0.026714 BTC or about $249.32. The Monero marketcap is $3,907,112,419 with a circulating supply of 15,671,075 $XMR. $XMR/BTC is trading between a 24hr high of 0.027600 BTC ($257.58) and a 24hr low of 0.026641 BTC ($248.63) on a 24hr HitBTC volume of 2,155 BTC. This trading volume is light to moderate. The weekly price trend is mixed but currently leaning downwards.

Last price

0.026714 $XMR/BTC

$USD

last price $ 249.32
one week ago $ 262.16

Price change

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

period change
day -2.91%
week -4.90%
month 11.55%

Volume

Volume

$XMR 24 hour volume
BTC 2,155 BTC
all $XMR currencies 6,174 BTC

The 24 hour volume for $XMR/BTC on HitBTC is 2,155 BTC. This volume weight is light to moderate when compared with HitBTC daily trading levels for $XMR over the last month.

The total 24 hour volume for all reporting $XMR markets is 6,174 BTC.

Market Share

The HitBTC currency pair $XMR/BTC is 34.90% of all $XMR traded in twenty-four hours. HitBTC is far and away the market leader: Poloniex (BTC 9.69%), Bitfinex (USD 7.57%), Bithumb (KRW 7.06%) and Binance (BTC 6.38%). HitBTC has another 5.14% in $XMR/USDT.

Remarks

Bitcoin ($BTC) is down -8.79% in 24 hours to $9,387.49. This is exerting downward pressure on $XMR. Monero is down -2.91% in 24 hours, down -4.90% on the week and up 11.55% on the month on a last price of 0.026714 BTC or about $249.32. The Monero marketcap is $3,907,112,419 with a circulating supply of 15,671,075 $XMR. $XMR/BTC is trading between a 24hr high of 0.027600 BTC ($257.58) and a 24hr low of 0.026641 BTC ($248.63) on a 24hr HitBTC volume of 2,155 BTC. This trading volume is light to moderate. The weekly price trend is mixed but currently leaning downwards.

One Year Chart

One Day Candles

Browse Monero Collection

Learn about the unique characteristics of $XMR. Browse our collection of Monero Market Reports.

Thursday February 01 2018 Bitcoin Background

Altcoins such as Monero ($XMR) may show a relationship with Bitcoin ($BTC) which changes with the alt, bitcoin and market conditions:

24 Hours of Bitcoin
24 Hours of #Bitcoin
-8.79% price $9,387.49
vol $7,688,990,000
mktcap $158,072,423,801
16.84M #XBT 12:51 #FinTech
http://kittybitcoin.com/bitcoin/24_hours_of_bitcoin.php

XBTLivePriceTM

Two Days Ago

Altcoin Market Reports
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Highlight Chart

Tap / click to enlarge:

Bitcoin $BTC is down -8.79% in 24 hours to $9,387.49. This is exerting downward pressure on $XMR. Monero is down -2.91% in 24 hours, down -4.90% on the week and up 11.55% on the month on a last price of 0.026714 BTC or about $249.32.
Bitcoin $BTC is down -8.79% in 24 hours to $9,387.49. This is exerting downward pressure on $XMR. Monero is down -2.91% in 24 hours, down -4.90% on the week and up 11.55% on the month on a last price of 0.026714 BTC or about $249.32.

Data sources

Main Data Source

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

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 Monero market calculated using the formula:

market cap = ( circulating supply x last price )
Market cap $ 3,907,112,419
Circulating supply 15,671,075
Last price $ 249.32

Daily High Low

daily high 0.027600 BTC
daily low 0.026641 BTC

Trend

The weekly trend is mixed.
We’ve seen only red daily candles since January 29 2018. This has the potential to change the weekly trend from “mixed” to “down” if this direction persists.

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 0.027600 BTC
week 0.029572 BTC

The 14th of January saw a monthly high of 0.037600 along with the month’s highest volume.

Support

Support is the lowest price within the period:

period support
day 0.026641 BTC
week 0.026400 BTC

Yesterday we saw the weekly low of 0.026400 BTC. Looking further back on January 06 2018 we saw the month low of 0.020547 BTC or about $189.51.

Market sentiment

Market sentiment is bearish. Since the January high on the fourteenth there is mixed trading – however there is a discernible descent and downtrend on the one day candles chart.

sentiment bearish

Image courtesy Pixabay.com

Summary

Bitcoin ($BTC) is down -8.79% in 24 hours to $9,387.49. This is exerting downward pressure on $XMR. Monero is down -2.91% in 24 hours, down -4.90% on the week and up 11.55% on the month on a last price of 0.026714 BTC or about $249.32. The Monero marketcap is $3,907,112,419 with a circulating supply of 15,671,075 $XMR. $XMR/BTC saw weekly resistance at 0.029572 BTC ($275.99) and weekly support at 0.026400 BTC ($246.39). Market sentiment is bearish. The weekly price trend is mixed but leaning downwards in daily light to 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 February 01 2018 13:11 hours UTC. Contact KittyBitcoin to request custom reports. Share your thoughts with @KittyBitcoin on Twitter.

Bitcoin & Ethereum

Thanks for reading! 🙂

Tags

Monero, $XMR, BTC, HitBTC, Market, Report, $XMR/BTC, 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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