Low: $2999 CAD
High: $3600 CAD
You cannot regulate Liberty!
12:48 pm EST
BTC Dominance as you have noticed is under 40% of the market this week, for the first time ever and the corrections this week have cost the Crypto market ~ $16B in market cap.
The charts show that after an entire week almost of failing to break the $4k resistance and flirting with it all week around $3950 and literally hovering at $3999 for what seemed like days... finally the $4k mark was breached before midnight June 10, EST as the charts show roughly 11:10 pm EST - so that means it was still June 10th, 2017 in the EST --- but the UTC time many use for a standard -- is ahead of us a few hours.
KEY STATS FOR BITCOIN VALUE DOUBLING IN 39 DAYS IN CANADA:
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BTC just crossed the $3000 mark $CAD on May 22nd, 2017- for the first time ever.... see below for the days just gone by where it crossed the $2000 mark on May 2nd -- just 20+ days ago.
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$2k $CAD on May 2nd. $3k $CAD on May 22nd just 20 days later... and now hitting $4k $CAD on June 10th late at night....which is 19 days from the $3k mark. That means in 39 days, it went from $2k to $4k $CAD!! Doubled!
Bitcoin like many Crypto's recover and bounce back now the last few months, quicker than ever -- as we see again this past few days. These pull backs and dips and corrections are NOT crashes I say all the time.
We have had another fun ride in the markets, we see these ups and downs and nutty things as the price is trying to find itself day to day, and that likely has a lot to do with all the NEW PEOPLE AND MONEY coming into the space and like people trying to find their way, so the price is doing the same.
Said this before many times, -- dips / corrections are not crashes - remain calm but do your research. Use your charts.
Here's the $USD 1 month chart below, on the Poloniex exchange. Gains bro! New ATH range again days ago at $2300 $USD.
Broke the $2k mark for the first time ever just recently. In the last few hours it is still hanging around the $2300 mark right - and is now.
The high for today is in the $2500 range USD - which is down.
We will be OK people.
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We seem to be in an extended BTC correction phase this week.
Here's the Polo 24 hr chart:
KEY STATS FOR BITCOIN VALUE DOUBLING IN 39 DAYS IN CANADA IN MAY-JUNE 10TH 2017: (Yes, it is worth repeating)
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BTC just crossed the $3000 mark $CAD on May 22nd, 2017- for the first time ever.... see below for the days just gone by where it crossed the $2000 mark on May 2nd -- just 20+ days ago.
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$2k $CAD on May 2nd. $3k $CAD on May 22nd just 20 days later... and now hitting $4k $CAD on June 10th late at night....which is 19 days from the $3k mark. That means in 39 days, it went from $2k to $4k $CAD!! Doubled!
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- that is amazing. Let us remain cautious. Huge gains like this anywhere in life usually mean a correction/pullback or crash may be not far off. Be prepared but have fun and enjoy the ride we are on too.
Balance. Perspective.
We have had huge gains the last few months and are in good - great actually -- shape!
I have included the posts in May in this template for awhile now to remind or show new readers the perspective we need to remember. A REFERENCE POINT if you will!
BTC price has skyrocketed in a very short period of time, so when it does not go up $100/day every day, we need to remember where we came from not long ago!
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I recently wrote this article using charts and 5 years of history to really nail the perspective issue here of gains and losses showing the last 5 Junes on record, in the Crypto market, it is a very good, short read with charts year over year.
It's almost ridiculous now watching this stuff shoot straight. to. the. moooon. Every day, all day!
Trend: Generally, the spread between the lows and the highs seems to be narrowing which means the highs stay high but the LOWS are also higher, so the resistance lines and larger price corrections are leaving, presumably stabilizing the currency and supporting the price and increases.
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Here is the chart showing it crossing the $3k $CAD mark on 5/22/2017 somewhere around the 8 am mark EST:
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I often insert Canadian culture satire in my titles or blogs just to give people a laugh. Such statements are meant for humour only and may not actually be true. Canadians have great igloos and senses of humour. Eh??
Courtesy Pixabay where images are Freeeeeeeee to use!!!
If you missed the record breaking days leading up to and after May 2nd, here are the charts/info from my post on the day that BTC/XBT broke the $2k barrier here in the police state of Canadastan:
I posted on this yesterday it has been kind of funny. $BTC / $XBT in Canadastan here has spent most of the last 2.5 days edging and creeping towards $2000 $CAD as we know. $1980...... $1990.....$1995 last nite.....
*It spent allll day and nite yesterday around ~$1999.50 basically before breaking that $2k barrier around ~ 11:15 pm last night. !!!
BUCKLE UP CRYPTO FAMILY!!!!
Did we just see the last day of BTC / XBT in Canada at $CAD starting with a 1?????
Bitcoin just marches on. Vive Liberty!! It seems to have found support & consolidated around this mark for a few days now, that is good news!
I am still the only person here posting regular Canadian $BTC updates. I try to keep people apprised. I know Canada doesn't attract a lot of votes or attention etc -- but it remains a global market and a canary in the mineshaft so to speak as to what's going on in the global currency markets.
Thanks for reading, have a nice day.
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Bitcoin (BTC) - 18J6RRuzX4V7b2CDbx7tWZYNBLkkGWsvWX
Ethereum (ETH) - 0x3Ad69Ff057C9533ca667B2d7E3E557F5eeFd4477
Ethereum Classic (ETC) - 0x5ab2b08d4ce8d454eb9d1ecc65c6d8b0c5f9784c
LiteCoin (LTC) - LKdsnvSXk9JW99EiNicFMGKc1FXiBo9tUE
DASH - XgZvsvSZgPkNbmGbRhc3S1Pt2JAc7QHwiS
PIVX - DA3azxQqJiX9t7EviuacpamfNhMi2zGAUh
Expanse (EXP) - 0x819b9cce8630ab638198eabfd7496786c20d629a
Monero (XMR) - d8ecb02c09f70ec10504b59b96bc1f488af28b05933893dfd1f55b113e23fbff
Stratis (STRAT) - SNsJp6v1jXvKWy4XcXSXfNQ9zhSJJppJgv
Synereo (AMP) - 1KnrL6wFHaT4gjJ2YJ5f6WmKTDJNsaBS8s
ZCash (ZEC) - t1aCPEYELkGaf3GtgGTiCEDo7XfPm4QEwmL
