Bitcoin Market Report: BTC Drops $500 Overnight
Bitcoin has dropped over $500 in twenty-four hours. Bitcoin is down -2.24% on the day, down -5.19% on the week and up 50.08% on the month on a last price of $2570.88. BTC/USD is trading between a 24hr high of $2896.74 and a 24hr low of $2350.00 on an OKCoin 24hr volume of 2,837 BTC. The weekly trend is mixed.
|last price||$ 2570.88|
|one week ago||$ 2711.49|
Bitcoinity One Week Chart
On June 11 2017 we saw 463 million dollars of bitcoin change hands in the week’s busiest one day session. Yesterday the price plummeted $546.74 overnight on OKCoin.com from a high of $2896.74 bottoming out at $2350.
OKCoin One Month Chart
The one month chart has been largely favorable to long positions with bitcoin up 50.08% on the month:
The exact time of the snapshot is reported underneath the long orange horizontal bar.
Altcoin Market Overreacts
In this screenshot of popular Poloniex USDT pairs we see all of them are in the red. Bitcoin is down 6.01%. Every other coin except LiteCoin is down even more!
LiteCoin LTC/BTC was exceptional and posted a double digit overnight increase at a time when most other coins were posting losses. Today it has capped out at 0.01253313 BTC and after a bit of fun it was recently seen receding.
As the market over reacts there will be isolated opportunities to make good on the position in various altcoins. For example, Stellar ($STR) at 0.0359 is down 9.09%. STR/BTC is down 5.71% on a last price of 0.00001518 BTC.
Browse Altcoin Reports
We also offer a comprehensive selection of recent and topical Altcoin Market Reports. Take a look – our last DGB Market Report “DGB/BTC Up 1,113.64% on the Month” was especially popular on Twitter. We also carry LiteCoin and Stellar reports.
Price change is the percentage change within the period:
Okcoin is the data source for this market report.
Market capitalization is the total $US dollar value of the Bitcoin market calculated using the formula:
|Market cap||$ 42,144,178,752|
|Last price||$ 2570.88|
Daily High Low
The weekly trend is mixed.
The data source Okcoin offers margin trading on this digital asset.
Range is the difference in price within the period:
Market sentiment is bearish.
Bitcoin drops $546.74 in one day. Bitcoin is down -2.24% on the day, down -5.19% on the week and up 50.08% on the month. The weekly trend is mixed. BTC/USD saw weekly support at $2350 and weekly resistance at $3185.66. Market sentiment is bearish.
Past history is NOT an indicator of future results. Read the legal disclaimer:
This report was printed on Thursday June 15 2017 20:42 hours UTC. Contact KittyBitcoin to request custom reports.
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