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Bitcoin Market Report: Worst Crash of 2018 Wipes Out One Third $BTC Value

Brief:


After the worst crash of 2018 $BTC stabilizes above $4000, but not before losing more than a third of its value. Bitcoin is up 1.89% in 24 hours, down -0.71% on the week and down -33.13% on the month on a last price of $4340.00. The Bitcoin marketcap is $75,513,179,000 with a circulating supply of 17,399,350 $BTC. $BTC/USDT is trading between a 24hr high of $4450.38 and a 24hr low of $4125.65 on a 24hr Binance volume of $362,787,586. This trading volume is moderate to heavy. The weekly price trend is mixed.

Rank #1

Bitcoin is ranked #1 today by cryptocurrency market capitalization.

Last price

4340.00 $BTC/USDT

$USD

last price $ 4340.00
one week ago $ 4370.90

Price change

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

period change
day 1.89%
week -0.71%
month -33.13%

Volume

Volume

$BTC 24 hour volume
USDT $362,787,586
all $BTC currencies $6,904,255,318

The 24 hour volume for $BTC/USDT on Binance is $362,787,586. This volume weight is moderate to heavy when compared with Binance daily trading levels for $BTC over the last month.

The total 24 hour volume for all reporting $BTC markets is $6,904,255,318.

Market Share

The Binance currency pair $BTC/USDT is 5.25% of all $BTC traded in twenty-four hours. Binance holds second highest volume today after BitMEX.

Top $BTC Pairs

Remarks

After the worst crash of 2018 $BTC stabilizes above $4000, but not before losing more than a third of its value. Bitcoin is up 1.89% in 24 hours, down -0.71% on the week and down -33.13% on the month on a last price of $4340.00. The Bitcoin marketcap is $75,513,179,000 with a circulating supply of 17,399,350 $BTC. $BTC/USDT is trading between a 24hr high of $4450.38 and a 24hr low of $4125.65 on a 24hr Binance volume of $362,787,586. This trading volume is moderate to heavy. The weekly price trend is mixed.

There is some suggestion in the crypto industry that a rally is underway. Hold on folks, not so fast. We’re seeing a corrective bounce from the yearly low of $3652.66 after $BTC hit its lowest price since February. In February 2018 Bitcoin dipped to a low of $6000.

Bitcoin one day RSI (relative strength index) is pegged at 31.29 which is barely in the neutral range. The RSI spent several days during the recent crash in the oversold zone. It is common for an asset in a bearish market to plunge into the oversold region. In fact, the latest crash started in an RSI oversold state. This is seen on the Binance one day chart, on November 13 2018 at 16:00 hours.

We’ve been seeing some of the highest volumes of the month. Coinmarketcap reports $6.9 billion (total $BTC market) changed hands in 24 hours. This generated an increase on Binance of about $70 or 1.5% on $362.7 million dollars of volume.

The weekly trend is mixed. Of the last seven daily candles five are green and two are red. A week ago the price opened at $4370.90. Presently bitcoin has just edged past that mark, making up for losses it saw accumulate over the week as the crash deepened.

MACD
The one day MACD (Moving Average Convergence Divergence) has been in the red every day for sixteen days. While still in the red, the degree is lessening.

The six hour MACD has been in the green for four days. This indicates buying pressure.

Exponential Moving Averages (EMA)
The short and medium term exponential moving average (EMA) have both turned upwards and are now reaching for the long term EMA.

Last December 2017 bitcoin rose to $19,798.68 only to crash a week later to $10,961. Historically $BTC has seen many wild price swings. While we’re near the bottom of the latest price swing, the cycle eventually has always rebounded.

One Year $BTC Chart

$BTC 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
-1.9% price $4,219.41
vol $6,677,528,007
mktcap $73,415,534,546
17.40M #XBT 19:22
http://kittybitcoin.com/bitcoin/24_hours_of_bitcoin.php

XBTLivePriceTM

Highlight Chart

Tap / click to enlarge:

After the worst crash of 2018 $BTC stabilizes above $4000, but not before losing more than a third of its value. Bitcoin is up 1.89% in 24 hours, down -0.71% on the week and down -33.13% on the month on a last price of $4340.00.
After the worst crash of 2018 $BTC stabilizes above $4000, but not before losing more than a third of its value. Bitcoin is up 1.89% in 24 hours, down -0.71% on the week and down -33.13% on the month on a last price of $4340.00.

Data sources

Main Data Source

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

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 fine 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 $ 75,513,179,000
Circulating supply 17,399,350
Last price $ 4340.00

Daily High Low

daily high 4450.38 USDT
daily low 4125.65 USDT

Trend

The weekly trend is mixed.

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 4450.38 USDT
week 4527.00 USDT

Support

Support is the lowest price within the period:

period support
day 4125.65 USDT
week 3652.66 USDT

Market sentiment

$BTC market sentiment is neutral.

sentiment neutral

Image courtesy Pixabay.com

Summary

After the worst crash of 2018 $BTC stabilizes above $4000, but not before losing more than a third of its value. Bitcoin is up 1.89% in 24 hours, down -0.71% on the week and down -33.13% on the month on a last price of $4340.00. The Bitcoin marketcap is $75,513,179,000 with a circulating supply of 17,399,350 $BTC. $BTC/USDT saw weekly resistance at $4527.00 USDT and weekly support at $3652.66 USDT. Market sentiment is neutral. The weekly price trend is mixed in daily moderate to heavy volume trading.

Bitcoin & Ethereum

Disclaimer

Past history is NOT an indicator of future results. Read the legal disclaimer:

http://kittybitcoin.com/docs/disclaimer.php

Printed

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