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The Bitcoin Bulls reached up today and just grazed the $12K mark, putting on a show for the crowd while the bears watched from a distance.
The show is over for today though, and it appears the bears have come out to feed on what's left, timidly watching over their backs in fear.
Poetic imagery aside, Bitcoin has proven once again that it can effortlessly rebound after receiving such a pounding from the Bearwhales. I Still believe this $12K - $12.5K zone will show the biggest resistance yet, but we will have to see where the market goes during the next few days. Bitcoin has weeks worth of built up momentum behind it, and while the new money may not be entering the market just yet, the sign to watch for is when altcoins start to surge and take back the market dominance that Bitcoin is gobbling up right now. Once Bitcoin has had it's fill, we should see the capital overflow once again to the altcoins. When this happens is anyone's guess; it could be weeks or months away.
Historical Price Comparisons
| Today's Price | Price 1 Year Ago | 365 Day Change | 30 Day Change | 7 Day Change | |
|---|---|---|---|---|---|
| Bitcoin | $11,403.70 | $1,079.98 | +1055.92% | --1.69% | +32.63% |
| Ethereum | $895.37 | $12.43 | +7203.30% | -14.69% | +5.93% |
| ETC | $38.47 | $1.22 | +3153.28% | +26.88% | +13.28% |
| Monero | $304.40 | $12.22 | +2491.00% | -11.79% | +29.70% |
| Litecoin | $232.85 | $3.77 | +6176.39% | +22.28% | +45.94% |
| Dogecoin | $0.00709 | $0.00021 | +3427.05% | -0.52% | +25.82% |
| Steem | $4.21 | $0.12 | +3609.30% | -14.08% | -0.94% |
Today's charts and numbers at a glance
(shift+click or middle-mouse-button any image to enlarge in a new window)
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|---|---|
| Today's Crypto Marketshare: 79.42% - Top Ten 40.22% - Top Ten (w/o Bitcoin) 39.20% - Bitcoin 20.58% - Other 0.234% - Steem | The total Cryptocurrency market cap today was $482,726,000,000. Steem Market cap was $1,130,050,000, or 0.234% of total. |
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| Bitcoin's Price hit a high of $11,959, a low of $11,232 and an average of $11,595 before closing. | Bitcoin's Market Cap was $189,536,000,000 US Dollars. |
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| Bitcoin exchange trading totaled a volume of $9,926,540,000 US Dollars. | The average Bitcoin transaction fee was $3.04 USD. |
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| There were 202,485 new Bitcoin transactions added to the mempool today, or 2.344 average transactions per second. | The percentage of Bitcoin transactions using Segwit addresses peaked at 14.15% today. |
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| The average block contained 1.00 Megabytes of transaction data today. | Today there were 3,808 new transactions left unconfirmed by end of day. There were virtually no stale transactions stuck in the mempool. |
Article Spotlight:
Bitcoin marches toward $12,000 in spite of new regulation chatter from the US
This was the most interesting news about Bitcoin at the top of Google search today. Everything else was copy-pasted from articles written 6 months ago, but with a few numbers moved around.
It appears though that governments are desperately trying to "educate" their populations about the dangers of cryptocurrency. To translate in my own words: blockchain technology is like a giant spot light, and those in important government positions prefer working in dark alleyways, where the plebs can't see what they are doing.
Video Spotlights
Alessio Rastani - The Next Big Move in Bitcoin is Setting Up Now
@boxmining - Daily: The Future of Crypto??!!!
Republicans and Democrats in agreement. Did anyone ever think the American Political duopoly was anything more than blue donkey and red elephant puppets being control by centralized corporations and financial institutions?
Coin Mastery - The Critical Moment Is Near - Will Bitcoin Break Through?
if you want to be more proactive in this community, try using steemfollower (sign in is done through steemconnect using your steemit name and your private posting key - found in your wallet under permissions). This Video will explain how the program works. It is a great way to motivate you to produce great content, and to reward others for producing great content.
Tip Jar:
(this chart is subject to change over time and only reflects average upvote values that I have received. As I test more upvote bots the chart will grow. It is not an endorsement for any bot, nor is this an attempt to slander the reputation of any upvote bot. I only wish to highlight to others the range of value they should expect if they choose to use upvote bot services.)
Average Upvote Value to date: 210.07%
