Bitcoin smashed ATH's this week a couple times, it seems a lot of the money as usual when a major BTc fork is upcoming has drained out of alts and into BTC so people can obtain the bonus / free coins. We see that regularly, and it makes sense.
Alts took a beating this week by and large, Bitcoin mooned in a big big way..... and the overall market cap was up and down a bit but really pretty stable.
After the latest market corrections (aka Crypto on Sale Prices!) down over a few days, which took us from the ATH range of $180B Market Cap on sept. 2nd ..... we dumped again after a recovery was started and now a few days (more) of SOME stability and big gains mostly tied to Bitcoin -- and some other sectors/coins.
Sort of.
That DUMPENING and instability has continued but stabilized now over the weeks based on original FUD news out of China / Korea -- and the FUD, news and related market response in the markets continue.
Questions linger in every market and region on interference by regulators who seek to tax and ruin everything they touch, as usual since government cannot sustain itself.
As such, I am noticing government regulation and harassment seem to ramp up across the sector/crypto space.
1st Half of Post: Current Events/Timeline.
2nd Half of Post: Recent History + Evidence
Week Over Week Updates on This Series/Related numbers:
~ ( 9/24/2017) on my update in THIS particular series - that market cap number was UP to $129B - something most of us were glad to see. It was down to $119B just about 4 days before.
on my update here for 10-1-2017, 2017 and the Markets were still up and down for the last few days now after that BLEEDING out. Market Cap for total Crypto was $149B.
on my 10/8/2017 update -- after an up and down week -- we are at $152B total market cap for crypto.
on my 10/15 update - HUGE gains were the talk as $20B gains over that week took us up to the $170B market cap range once again.
TODAY / LAST 24 H:
We have stabilized across all sectors --- but this week had gains as just mentioned up to the ~$175B range earlier this -- with a pullback overnight again/the last day or so back down into the $170-71B range.
Here's the 7 Day Chart showing overall Crypto Market Cap for that:
I like slow and steady for things like this I have said many times.
Boring and stable attracts less volatility, and less government harassment and not many would disagree with this who understand policy and governance -- finance or otherwise.
We are UP ~$42B in ~28 days since my last 4 reports in this series. I do other updates/series also, as you may know.
My Recent Blog Updates are here: (Newest to Oldest) -- since I write a few market reports a week.
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https://steemit.com/bitcoin/@barrydutton/what-are-you-trading-today-and-why-or-e-55-or-a-community-based-engagement-resource-for-everyone-or-oct-21-2017-or-basic-crypto
https://steemit.com/bitcoin/@barrydutton/bitcoin-in-canada-just-hit-usd7742-usdcad-usd6180-usdusd-well-look-at-the-strong-support-lines-for-the-last-24-hours-in-the
https://steemit.com/bitcoin/@barrydutton/crypto-market-update-moonshots-growth-continue-usd20b-7-days-or-markets-shakeout-ongoing-or-huge-market-swings-w-growing
https://steemit.com/bitcoin/@barrydutton/crypto-market-update-moonshots-growth-continue-usd20b-7-days-or-markets-shakeout-ongoing-or-huge-market-swings-w-growing
https://steemit.com/bitcoin/@barrydutton/bitcoin-price-update-full-on-moonshots-this-week-ath-s-or-btc-smashes-thru-the-usd5792-usdusd-mark-today-usd7340-usdcad-oct-14th
https://steemit.com/cryptocurrency/@barrydutton/what-are-you-trading-today-and-why-or-e-54-or-a-community-based-engagement-resource-for-everyone-or-oct-14-2017-or-basic-crypto
https://steemit.com/bitcoin/@barrydutton/bitcoin-price-update-straight-up-mooning-new-ath-s-or-btc-smashes-thru-the-usd5388-usdusd-mark-today-usd6878-usdcad-oct-12th
https://steemit.com/cryptocurrency/@barrydutton/did-you-hodl-or-sodl-lol-or-e-23-or-what-was-your-week-in-crypto-like-usd155b-total-market-cap-up-usd12b-7-days-or-community
https://steemit.com/bitcoin/@barrydutton/bitcoin-price-update-recovery-or-btc-is-back-thru-the-usd4240-usdusd-mark-today-usd5488-usdcad-oct-4th-2017-or-total-crypto
https://steemit.com/bitcoin/@barrydutton/bitcoin-price-update-btc-smashes-back-thru-the-usd4480-usdusd-usd5700-usdcad-mark-last-24h-oct-2-2017-or-total-crypto-market-cap
https://steemit.com/cryptocurrency/@barrydutton/crypto-market-update-recovery-continues-usd20b-7-days-or-china-korea-markets-shakeout-or-huge-market-swings-w-growing-stability
https://steemit.com/cryptocurrency/@barrydutton/what-are-you-trading-today-and-why-or-e-52-or-a-community-based-engagement-resource-for-everyone-or-sept-30-2017-or-basic-crypto
https://steemit.com/cryptocurrency/@barrydutton/crypto-market-update-recovery-continues-china-market-shakeout-or-huge-market-swings-w-growing-stability-in-places-usd129b-market
That means in ~30 days recently, (see chart below) we have overall GAINED ~$50B in market cap depending on which day you are using as a point of reference, since it is up and down, every other day like a yoyo and looking to stabilize. ( since the epic Sept. 2nd ATH of $180B market cap)
-- and then the last while made that up with yuge gains, as detailed above already.
$171B today, for example for current Market Cap, as per in the title line.
The Last 10 days: Hovering stability wise btw. $171 and $176B. Pretty Nice!!!
REMINDER:
Aye! We saw a bloodbath in September of epic proportions!!!!!
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-- You can see that month in brief, and the high point Sept. 2nd just before 10 pm EST / 2 am UTC: (1 mth. chart):
See the far left of the screen/chart? That HIGH POINT was the ATH of of the Sept. 2nd 2017 $180B Market Cap mooning -- and you can see the downtrends/corrections after that leading us to........
-- where we are NOW.
You can see this current month in progress, in brief, and where we are today: (Last 30 Days):
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LAST 90 DAYS:
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CoinMarketCap.com Charts for the day, current 3:30 pm EST:
Top by Market Cap:
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Top by % Gains / 24 hours:
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PERSPECTIVE & RECENT MARKET HISTORY:
From My Notes/Series/Charts
In the recent past - and hopefully again -- we HAVE BEEN continually seeing records and ATH's (all time highs) being broken every single day, sometimes, within minutes or hours of something being broken!
Sept. 2nd - we saw ATH's in Market Cap and BTC/Crypto's:
On Sept. 2nd -- we were all MOONING with BTC right on the razor's edge of breaking $5k USD (in some markets it did) - and the huge ATH of (nearly!!) breaking the $180B market cap here:
https://steemit.com/bitcoin/@barrydutton/bitcoin-about-to-break-usd5k-or-usdbtc-in-canada-smashes-past-usd-6220-mark-or-usd-4980-usd-or-usd179b-crypto-market-cap-usd27b
Sometimes, this involves pullbacks or corrections. I rarely use the word "crash" as many of you know.
We are doing OK. This is what I have always said in all my posts / updates.
Look at the huge general uptrend. The charts are above and below for reference.
Always use a 1 month and 3 month chart to gain your perspective. Longer if needed. Look at the trend lines.
-- I think like others we had been overdue for corrections in the markets.
But I do not think any of us forsaw the epic FUD news out of China (and then some Korea news similarly) coming - since they have banned crypto and unbanned it SO MANY TIMES.
Bitcoin and Crypto in general - has rebounded quicker each time with that news over time... it has been amazingly resilient!
We need to remember we are all still early adopters here and the markets and new people/money are finding their way here with us.
Some of my Recent Market Updates:
Newest to Oldest....Dating Back ~ the last month.
(See above / 1st half of post or down my main blog page for more updates along these lines)
https://steemit.com/bitcoin/@barrydutton/bitcoin-price-update-full-on-moonshots-this-week-ath-s-or-btc-smashes-thru-the-usd5792-usdusd-mark-today-usd7340-usdcad-oct-14th
https://steemit.com/cryptocurrency/@barrydutton/what-are-you-trading-today-and-why-or-e-54-or-a-community-based-engagement-resource-for-everyone-or-oct-14-2017-or-basic-crypto
https://steemit.com/bitcoin/@barrydutton/bitcoin-price-update-straight-up-mooning-new-ath-s-or-btc-smashes-thru-the-usd5388-usdusd-mark-today-usd6878-usdcad-oct-12th
https://steemit.com/cryptocurrency/@barrydutton/did-you-hodl-or-sodl-lol-or-e-23-or-what-was-your-week-in-crypto-like-usd155b-total-market-cap-up-usd12b-7-days-or-community
https://steemit.com/bitcoin/@barrydutton/bitcoin-price-update-recovery-or-btc-is-back-thru-the-usd4240-usdusd-mark-today-usd5488-usdcad-oct-4th-2017-or-total-crypto
https://steemit.com/bitcoin/@barrydutton/bitcoin-price-update-btc-smashes-back-thru-the-usd4480-usdusd-usd5700-usdcad-mark-last-24h-oct-2-2017-or-total-crypto-market-cap
https://steemit.com/cryptocurrency/@barrydutton/crypto-market-update-recovery-continues-usd20b-7-days-or-china-korea-markets-shakeout-or-huge-market-swings-w-growing-stability
https://steemit.com/cryptocurrency/@barrydutton/what-are-you-trading-today-and-why-or-e-52-or-a-community-based-engagement-resource-for-everyone-or-sept-30-2017-or-basic-crypto
https://steemit.com/cryptocurrency/@barrydutton/crypto-market-update-recovery-continues-china-market-shakeout-or-huge-market-swings-w-growing-stability-in-places-usd129b-market
https://steemit.com/steemit/@barrydutton/2obc1e-well-i-ve-found-the-silver-lining-for-steem-and-steemit-again-in-these-markets-still-leaking-red-or-the-numbers-speak-the-truth
https://steemit.com/cryptocurrency/@barrydutton/crypto-market-update-recovery-continues-china-market-shakeout-or-huge-market-swings-w-growing-stability-in-places-usd138b-market
https://steemit.com/cryptocurrency/@barrydutton/what-are-you-trading-today-and-why-or-e-51-or-a-community-based-engagement-resource-for-everyone-sept-23rd-2017-basic-crypto
https://steemit.com/cryptocurrency/@barrydutton/did-you-hodl-or-sodl-lol-or-e-20-or-what-was-your-week-in-crypto-like-usd125b-total-market-cap-down-usd10b-day-or-community
https://steemit.com/steemit/@barrydutton/well-i-ve-found-the-silver-lining-for-steem-and-steemit-again-in-these-markets-still-leaking-red-or-the-numbers-speak-the-truth
https://steemit.com/cryptocurrency/@barrydutton/crypto-market-update-recovery-continues-china-market-shakeout-or-huge-market-swings-w-growing-stability-in-places-usd138b-market
https://steemit.com/cryptocurrency/@barrydutton/bitcoin-in-canada-smashed-back-thru-the-usd5400-usdcad-mark-today-10-30-am-est-sept-18th-2017-or-a-fun-post-filled-with-hockey
https://steemit.com/cryptocurrency/@barrydutton/what-are-you-trading-today-and-why-or-e-50-or-a-community-based-engagement-resource-for-everyone-sept-17th-2017-basic-crypto
https://steemit.com/cryptocurrency/@barrydutton/did-you-hodl-or-sodl-lol-or-e-19-or-what-was-your-week-in-crypto-like-usd112-115b-total-market-cap-or-community-engagement
https://steemit.com/cryptocurrency/@barrydutton/well-i-ve-found-the-silver-lining-for-steem-and-steemit-again-in-these-markets-bleeding-out-red-or-the-numbers-speak-the-truth
https://steemit.com/cryptocurrency/@barrydutton/what-are-you-trading-today-and-why-or-e-49-or-a-community-based-engagement-resource-for-everyone-sept-11th-2017-basic-crypto
https://steemit.com/cryptocurrency/@barrydutton/crypto-market-update-market-recovery-continues-usd145b-market-cap-or-huge-market-swings-or-9-10-2017-or-brief-overview-and
https://steemit.com/cryptocurrency/@barrydutton/did-you-hodl-or-sodl-lol-or-e-18-or-what-was-your-week-in-crypto-like-community-engagement-series-or-still-includes-charts
https://steemit.com/cryptocurrency/@barrydutton/crypto-market-update-market-continues-strong-recovery-back-to-usd161b-market-cap-or-usd21b-of-gains-in-2-days-or-9-6-2017-or
https://steemit.com/cryptocurrency/@barrydutton/crypto-market-update-market-continues-strong-recovery-back-to-usd154b-market-cap-or-usd11b-of-gains-in-a-day-or-9-5-2017-or
https://steemit.com/bitcoin/@barrydutton/what-are-you-trading-today-and-why-or-e-48-or-a-community-based-engagement-resource-for-everyone-sept-5th-2017-basic-crypto
https://steemit.com/cryptocurrency/@barrydutton/crypto-market-in-recovery-crosses-back-over-the-usd163b-threshold-mark-lots-of-green-in-the-markets-today-or-usd30b-in-market
https://steemit.com/bitcoin/@barrydutton/did-you-hodl-or-sodl-lol-or-e-17-or-what-was-your-week-in-crypto-like-community-engagement-series-or-still-includes-the-history
https://steemit.com/bitcoin/@barrydutton/bitcoin-about-to-break-usd5k-or-usdbtc-in-canada-smashes-past-usd-6220-mark-or-usd-4980-usd-or-usd179b-crypto-market-cap-usd27b
Good Times! Right??
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More Perspective & Recent History
From My Notes/Series/Charts:
$150B Crypto Market Cap crossed 1st time ever: 8/23/2017!
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Remember we then JUST crossed the $160B Market Cap 8/28/2017 for the 1st time!
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We THEN crossed the $170B mark just days later after that on 8/31/2017 around noon UTC time / 8 am EST.
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And remember what I just wrote above near the start of this post ----the ATH range of NEARLY breaking thru the $180B Market Cap.....
-- Sept. 2nd here where you can see this month in brief, and the high point Sept. 2nd just before 10 pm EST / 2 am UTC:
We will be back there soon enough and upwards folks, it takes time to ride out some of the FUD and bad news (Fear, Uncertainty, Doubt) etc.
Corrections started BEFORE Sept 8th, 2017 - but the markets consistently dumped down to (now) Sept. 14th at the huge new low of ~$119B.
It took us roughly 40 days, in btw. the $180B Sept 2nd ATH in Market Cap to get back to near that range, around Oct. 13th/14th after some dips. The markets shook out for 40 days. Seems to me the bible had stories about people being in dry times in the desert for 40 days, now I type this.... right??
Remain Calm. History is on our side here.
Balance and Perspective is key here.
Thanks for reading, have a nice day.
If you liked this blog post - please Resteem it and share good content with others!
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Some of my recent blogs:
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https://steemit.com/ethereum/@barrydutton/4umgda-reminder-learn-to-code-the-blockchain-blockchain-hub-in-canada-or-thursday-october-19-2017-6-30-pm-to-8-30-pm-york-university
https://steemit.com/food/@barrydutton/dave-from-my-public-high-school-school-days-came-into-town-that-i-d-not-seen-in-about-20-years-so-we-lunched
https://steemit.com/steemit/@barrydutton/6fbajw-the-steemu-asks-what-are-you-blogging-about-today-or-e-27-or-drop-your-links-and-ideas-here-like-mad-pictures-thoughts-ideas-etc
https://steemit.com/funny/@barrydutton/steemit-meme-of-the-day-how-we-explain-the-magic-steem-internet-money-to-pre-steemians-or-thanks-again-ned-and-dan-dantheman
https://steemit.com/bitcoin/@barrydutton/crypto-101-or-video-just-released-andreas-antonopoulous-bitcoin-q-and-a-bitcoin-q-and-a-what-happens-during-a-fork-5-mins-super
https://steemit.com/bitcoin/@barrydutton/bitcoin-price-update-full-on-moonshots-this-week-ath-s-or-btc-smashes-thru-the-usd5792-usdusd-mark-today-usd7340-usdcad-oct-14th
https://steemit.com/steemit/@barrydutton/7mtgf-steemit-meme-of-the-day-the-comments-on-our-steemit-posts-these-days-be-like-and-minnow-advice-again
https://steemit.com/nature/@barrydutton/daily-digital-detox-a-steemit-community-life-series-and-reminder-or-e-45-or-intentionally-regularly-unplugging-my-quick
Stock Images in most cases unless noted: via Giphy.com , Funny or Die.com / Pixabay.
If you feel my posts are undervalued or you want to donate to tip me - I would appreciate it very much.
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Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone. I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.
