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BCash Market Report: $BTC Bounces – $BCH Follows

Brief:


Bitcoin ($BTC) has bounced up 7.4% in twenty-four hours to $9,320.96 and Bcash ($BCH) has followed it up. BCash is up 8.89% in 24 hours, down -22.26% on the week and down -50.32% on the month on a last price of $1,278.40. The BCash marketcap is $21,665,747,920 with a circulating supply of 16,947,550 $BCH. $BCH/USDT is trading between a 24hr high of $1,285.36 and a 24hr low of $1,226.78 on a 24hr OKEx volume of $86,041,800. This trading volume is light. The weekly price trend is down.

Last price

1278.40 $BCH/USDT

$USD

last price $ 1278.40
one week ago $ 1644.52

Price change

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

period change
day 8.89%
week -22.26%
month -50.32%

Volume

Volume

$BCH 24 hour volume
USDT $86,041,800
all $BCH currencies $432,129,000

The 24 hour volume for $BCH/USDT on OKEx is $86,041,800. This volume weight is light when compared with OKEx daily trading levels for $BCH over the last month.

The total 24 hour volume for all reporting $BCH markets is $432,129,000.

Market Share

The OKEx currency pair $BCH/USDT is 8.09% of all $BCH traded in twenty-four hours. OKEx is first with their BCH/BTC pair (19.91%) however their BCH/USDT pair featured in this report is third today. HitBTC is second BCH/BTC (19.17%). Bitfinex (7.64%) weighs in fourth with their BCH/USD pair. All others have less.

Remarks

Bitcoin ($BTC) has bounced up 7.4% in twenty-four hours to $9,320.96 and Bcash ($BCH) has followed it up. BCash is up 8.89% in 24 hours, down -22.26% on the week and down -50.32% on the month on a last price of 1278.40. The BCash marketcap is $21,665,747,920 with a circulating supply of 16,947,550 $BCH. $BCH/USDT is trading between a 24hr high of 1285.36 and a 24hr low of 1226.78 on a 24hr OKEx volume of $86,041,800. In light volume trading the weekly trend is down.

Bitcoin ($BTC) Dominates Cryptocurrencies
Bitcoin ($BTC) is up 7.4% today to $9,320.96. Of the Top 100 Cryptocurrencies only Nano (-4.73%) and FunFair (-2.52%) are in the red today.

All Time Chart

One Day Candles

Browse BCash Collection

Learn about the unique characteristics of $BCH. Browse our collection of BCash Market Reports.

Saturday February 03 2018 Bitcoin Background

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

24 Hours of Bitcoin
24 Hours of #Bitcoin
7.4% price $9,320.96
vol $7,532,790,000
mktcap $156,996,303,468
16.84M #XBT 19:06 #FinTech
http://kittybitcoin.com/bitcoin/24_hours_of_bitcoin.php

XBTLivePriceTM

Yesterday

Two Days Ago

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Highlight Chart

Tap / click to enlarge:

Bitcoin ($BTC) has bounced up 7.4% in twenty-four hours to $9,320.96 and Bcash ($BCH) has followed it up. BCash is up 8.89% in 24 hours, down -22.26% on the week and down -50.32% on the month on a last price of $1,278.40.
Bitcoin ($BTC) has bounced up 7.4% in twenty-four hours to $9,320.96 and Bcash ($BCH) has followed it up. BCash is up 8.89% in 24 hours, down -22.26% on the week and down -50.32% on the month on a last price of $1,278.40.

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 BCash market calculated using the formula:

market cap = ( circulating supply x last price )
Market cap $ 21,665,747,920
Circulating supply 16,947,550
Last price $ 1278.40

Daily High Low

daily high 1285.36 USDT
daily low 1226.78 USDT

Trend

The weekly trend is down.

The current downtrend started on December 20 falling off the high of $4,100.28. The plunge has been long and deep.

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 1285.36 USDT
week 1782.98 USDT

Support

Support is the lowest price within the period:

period support
day 1226.78 USDT
week 1011.21 USDT

Market sentiment

Market sentiment is neutral. While the price is up, the low on which it bounced earlier today is nothing to write home about. The crypto market in general has been bearish lately, not just $BCH, so calling sentiment “neutral” may be a bit of a stretch. Notwithstanding, up 8.89% in 24 hours is good news.

sentiment neutral

Image courtesy Pixabay.com

Summary

Bitcoin ($BTC) has bounced up 7.4% in twenty-four hours to $9,320.96 and Bcash ($BCH) has followed it up. BCash is up 8.89% in 24 hours, down -22.26% on the week and down -50.32% on the month on a last price of $1,278.40. The BCash marketcap is $21,665,747,920 with a circulating supply of 16,947,550 $BCH. $BCH/USDT saw weekly resistance at $1,782.98 USDT and weekly support at $1,011.21 USDT . Market sentiment is neutral. The weekly price trend is down in daily light 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 Saturday February 03 2018 20:02 hours UTC. Contact KittyBitcoin to request custom reports. Share your thoughts with @KittyBitcoin on Twitter.

Bitcoin & Ethereum

Thanks for reading! 🙂

Tags

BCash, $BCH, USDT, OKEx, Market, Report, $BCH/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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