Traders enjoyed a brief respite from a slumping bitcoin as $BTC jumps almost $300 in just one hour. Bitcoin is up 3.22% in 24 hours, down -6.89% on the week and down -20.55% on the month on a last price of $7427.00.

Bitcoin Market Report: $BTC Jumps $298 in One Hour

Brief:


Traders enjoyed a brief respite from a slumping bitcoin as $BTC jumps almost $300 in just one hour. Bitcoin is up 3.22% in 24 hours, down -6.89% on the week and down -20.55% on the month on a last price of $7427.00. The Bitcoin marketcap is $126,721,419,874 with a circulating supply of 17,062,262 $BTC. $BTC/USDT is trading between a 24hr high of $7483.78 and a 24hr low of $7032.95 on a 24hr Binance volume of $266,292,000. This trading volume is heavy. The weekly price trend is down.

Last price

7427.00 $BTC/USDT

$USD

last price $ 7427.00
one week ago $ 7977.00

Price change

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

period change
day 3.22%
week -6.89%
month -20.55%

Volume

Volume

$BTC 24 hour volume
USDT $266,292,000
all $BTC currencies $5,550,530,000

The 24 hour volume for $BTC/USDT on Binance is $266,292,000. This volume weight is 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 $5,550,530,000.

Market Share

The Binance currency pair $BTC/USDT is 4.80% of all $BTC traded in twenty-four hours. Binance has the top volume $BTC pair.

Top $BTC Pairs
Tap / click for detail:

Remarks

Traders enjoyed a brief respite from a slumping bitcoin as $BTC jumps almost $300 in just one hour. Bitcoin is up 3.22% in 24 hours, down -6.89% on the week and down -20.55% on the month on a last price of $7427.00. The Bitcoin marketcap is $126,721,419,874 with a circulating supply of 17,062,262 $BTC. $BTC/USDT is trading between a 24hr high of $7483.78 and a 24hr low of $7032.95 on a 24hr Binance volume of $266,292,000. In heavy volume trading the weekly trend is down.

Today’s small bounce up is a positive event in an otherwise bearish market. The market price has drifted downward since mid December 2017 after bitcoin hit an all time high of $19,798.68 on Binance.

There were two up trends since the December plunge. Late February 2018 saw the high top out at $11,786.01. In late April 2018 we saw the high reach $10,020.

In comparison today’s hiccup is $2593 short of April’s mark.

On the surface it looks like today’s price is a minor market deviance from what has been largely a down trend since December 2018. Recent technical analyses suggest lower prices are coming.

One Year $BTC Chart

$BTC One Day Candles

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24 Hours of Bitcoin
24 Hours of #Bitcoin
2.58% price $7,433.18
vol $5,558,210,000
mktcap $126,827,236,312
17.06M #XBT 18:37
http://kittybitcoin.com/bitcoin/24_hours_of_bitcoin.php

XBTLivePriceTM

Yesterday

Three Days Ago

Top % #Cryptocurrency #Gainers
% Change 24h
$DROP 28.89%
$NXS 21.08%
$GXS 18.89%
$CMT 18.77%
$MYB 13.67%
$NANO 13.48%
$ICX 13.20%
$ZRX 12.62%
$ADA 12.03%
$ONT 12.00%

2018-05-29 18:39 UK

http://kittybitcoin.com/cryptocurrency/

Top % #Cryptocurrency #Losers
% Change 24h
$SOC -7.28%
$RLC -5.84%
$BTCP -4.69%
$VERI -2.62%
$MONA -1.25%
$EOS -1.14%
$XMR -1.09%
$BTM -0.85%
$TRX -0.73%
$USDT -0.13%

2018-05-29 18:39 UK

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:

Traders enjoyed a brief respite from a slumping bitcoin as $BTC jumps almost $300 in just one hour. Bitcoin is up 3.22% in 24 hours, down -6.89% on the week and down -20.55% on the month on a last price of $7427.00.
Traders enjoyed a brief respite from a slumping bitcoin as $BTC jumps almost $300 in just one hour. Bitcoin is up 3.22% in 24 hours, down -6.89% on the week and down -20.55% on the month on a last price of $7427.00.

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 $ 126,721,419,874
Circulating supply 17,062,262
Last price $ 7427.00

Daily High Low

daily high 7483.78 USDT
daily low 7032.95 USDT

Trend

The weekly trend is down.

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 7483.78 USDT
week 8031.90 USDT

Support

Support is the lowest price within the period:

period support
day 7032.95 USDT
week 7032.95 USDT

Market sentiment

Market sentiment is bearish.

sentiment bearish

Image courtesy Pixabay.com

Summary

Traders enjoyed a brief respite from a slumping bitcoin as $BTC jumps almost $300 in just one hour. Bitcoin is up 3.22% in 24 hours, down -6.89% on the week and down -20.55% on the month on a last price of $7,427.00. The Bitcoin marketcap is $126,721,419,874 with a circulating supply of 17,062,262 $BTC. $BTC/USDT saw weekly resistance at $8,031.90 USDT and weekly support at $7,032.95 USDT. Market sentiment is bearish. The weekly price trend is down in daily heavy volume trading.

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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 Tuesday May 29 2018 17:30 hours UTC. Contact KittyBitcoin to request custom reports. Share your thoughts with @KittyBitcoin on Twitter.

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Tags

Bitcoin, $BTC, USDT, Binance, Market, Report, $BTC/USDT, altcoins