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Cardano Market Report: Bitcoin Drops Another -12.91% Overnight – $ADA Falls

Brief:


Bitcoin drops -12.91% to $7,409.42. Most crypto falls. Cardano is down -6.78% in 24 hours, down -16.58% on the week and down -41.60% on the month on a last price of 0.00004411 BTC or about $00.32. The Cardano marketcap is $8,296,662,572 with a circulating supply of 25,927,070,538 $ADA. $ADA/BTC is trading between a 24hr high of 0.00004846 BTC ($00.35) and a 24hr low of 0.00004314 BTC ($00.31) on a 24hr Bittrex volume of 3,217 BTC. This trading volume is light. The weekly price trend is mixed.

Last price

0.00004411 $ADA/BTC

$USD

last price $ 00.32
one week ago $ 00.38

Price change

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

period change
day -6.78%
week -16.58%
month -41.60%

Volume

Volume

$ADA 24 hour volume
BTC 3,217 BTC
all $ADA currencies 87,729 BTC

The 24 hour volume for $ADA/BTC on Bittrex is 3,217 BTC. This volume weight is light when compared with Bittrex daily trading levels for $ADA over the last month.

The total 24 hour volume for all reporting $ADA markets is 87,729 BTC.

Market Share

The Bittrex currency pair $ADA/BTC is 3.67% of all $ADA traded in twenty-four hours. Korean exchange Upbit.com holds the vast majority of Cardano (86.83%) with their $ADA/KRW pair.

Upbit.com Home Page

Upbit also has an app. The app has some English:

Website: https://upbit.com/

Remarks

Bitcoin drops -12.91% to $7,409.42. Most crypto falls. Cardano is down -6.78% in 24 hours, down -16.58% on the week and down -41.60% on the month on a last price of 0.00004411 BTC or about $00.32. The Cardano marketcap is $8,296,662,572 with a circulating supply of 25,927,070,538 $ADA. $ADA/BTC is trading between a 24hr high of 0.00004846 BTC ($00.35) and a 24hr low of 0.00004314 BTC ($00.31) on a 24hr Bittrex volume of 3,217 BTC. In light volume trading the weekly trend is mixed.

The bitcoin ($BTC) meltdown continues. The bottom is not clear yet. What is clear is that every major $BTC fall is met with across the board cryptocurrency market falls.

Top 100 Crypto Down

Of the Top 100 crypto (by marketcap) only one had a day to day increase: $XPA. There was no intelligible reason on social media. The primary exchange for $XPA is TideBit.com of Hong Kong.

$ADA All Time Chart

One Day Candles

Browse Cardano Collection

Learn about the unique characteristics of $ADA. Browse our collection of Cardano Market Reports.

Monday February 05 2018 Bitcoin Background

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

24 Hours of Bitcoin
24 Hours of #Bitcoin
-12.91% price $7,409.42
vol $7,751,300,000
mktcap $124,830,944,392
16.85M #XBT 16:59 #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 drops -12.91% to $7,409.42. Most crypto falls. Cardano is down -6.78% in 24 hours, down -16.58% on the week and down -41.60% on the month on a last price of 0.00004411 BTC or about $00.32.
Bitcoin drops -12.91% to $7,409.42. Most crypto falls. Cardano is down -6.78% in 24 hours, down -16.58% on the week and down -41.60% on the month on a last price of 0.00004411 BTC or about $00.32.

Data sources

Main Data Source

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

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 Cardano market calculated using the formula:

market cap = ( circulating supply x last price )
Market cap $ 8,296,662,572
Circulating supply 25,927,070,538
Last price $ 00.32

Daily High Low

daily high 0.00004846 BTC
daily low 0.00004314 BTC

Trend

The weekly trend is mixed. The general cryptocurrency trend follows bitcoin – which is on a downtrend.

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 0.00004846 BTC
week 0.00005450 BTC

Support

Support is the lowest price within the period:

period support
day 0.00004314 BTC
week 0.00003700 BTC

Market sentiment

Market sentiment is bearish.

sentiment bearish

Image courtesy Pixabay.com

Summary

Bitcoin drops -12.91% to $7,409.42. Most crypto falls. Cardano is down -6.78% in 24 hours, down -16.58% on the week and down -41.60% on the month on a last price of 0.00004411 BTC or about $00.32. The Cardano marketcap is $8,296,662,572 with a circulating supply of 25,927,070,538 $ADA. $ADA/BTC saw weekly resistance at 0.00005450 BTC ($00.39) and weekly support at 0.00003700 BTC ($00.27). Market sentiment is bearish. The weekly price trend is mixed 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 Monday February 05 2018 17:21 hours UTC. Contact KittyBitcoin to request custom reports. Share your thoughts with @KittyBitcoin on Twitter.

Bitcoin & Ethereum

Thanks for reading! 🙂

Tags

Cardano, $ADA, BTC, Bittrex, Market, Report, $ADA/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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