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Bitcoin saw a decent sell off today as the bears tip-toed back into the ring.
While the price dropped enough to cause mild panic on social media, the indicators weren't eager to change their tune. The RSI barely budged, and the bearish Ichimoku sentiment cloud continued to shrink.
It is still possible that we will see a bear trap before the weekend is over, so don't panic if you see Bitcoin hitting 9K, or even 8K. Instead, use any such event as an opportunity.
Historical Price Comparisons
| Today's Price | Price 1 Year Ago | 365 Day Change | 30 Day Change | 7 Day Change | |
|---|---|---|---|---|---|
| Bitcoin | $10,690.40 | $1,115.30 | +958.52% | -2.20% | +12.59% |
| Ethereum | $849.97 | $12.67 | +6708.52% | -15.28% | -7.97% |
| ETC | $36.63 | $1.24 | +2954.03% | +25.19% | +4.54% |
| Monero | $322.61 | $12.34 | +2614.34% | +2.12% | +16.61% |
| Litecoin | $213.35 | $3.78 | +5644.18% | +18.52% | 0.00% |
| Dogecoin | $0.00658 | $0.00021 | +3163.94% | -2.27% | -2.21% |
| Siacoin | $0.02397 | $0.00033 | +7175.75% | -38.81% | -7.75% |
| Steem | $3.89 | $0.10 | +3865.15% | -11.59% | -12.78% |
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: 79.28% - Top Ten 40.04% - Top Ten (w/o Bitcoin) 39.24% - Bitcoin 20.72% - Other 0.220% - Steem | The total Cryptocurrency market cap today was $470,413,000,000. Steem Market cap was $1,033,440,000, or 0.220% of total. |
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| Bitcoin's Price hit a high of $11,419, a low of $10,479 and an average of $10,949 before closing. | Bitcoin's Market Cap was $191,927,000,000 US Dollars. |
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| Bitcoin exchange trading totaled a volume of $9,405,340,000 US Dollars. | The average Bitcoin transaction fee was $2.15 USD. |
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| There were 201,482 new Bitcoin transactions added to the mempool today, or 2.332 average transactions per second. | The percentage of Bitcoin transactions using Segwit addresses peaked at 14.05% today. |
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| The average block contained 0.99 Megabytes of transaction data today. | Today there were 2,712 new transactions left unconfirmed by end of day. There were virtually no stale transactions stuck in the mempool. |
Article Spotlight:
SEVERAL FACTORS ARE DRIVING RENEWED BULLISH SENTIMENT FOR BITCOIN
If you've been through more than one Crypto market cycle, this "reasons why" stuff gets old really fast.
this time though there is reason to be celebrating, as Bitcoin's scaling issue is getting solved in a big way. Not only is Segwit reaching more and more adoption, but the Lightning Network is getting bigger by the day. While something like blocksize increase would be a temporary short term solution that slowly increases centralization, the Lightning Network will always scale beyond the demand no matter how large, at least in theory, while minimizing centralization because of the risk involved with centralized parties creating large Lightning Network Nodes.
Video Spotlights
Coin Mastery - Bitcoin Rejected!
Decentralized TV - Bank of England Bitcoin has Failed says Bank of England Governor Mark Carney
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: 209.82%
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