Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-07-27)

Bitcoin market cap is now about the same as at the beginning of 2014
1. Market Trends <br/>The current price of Bitcoin is 4340 yuan, and the daily fluctuation is getting smaller and smaller. There is not much to explain about the specific price. It is recommended to wait and see, and those who hold spot coins should also wait patiently. As shown in the figure is the volatility chart of Bitcoin in the past two and a half years. In 2014, the average daily fluctuation was 5.1%, in 2015, the average daily fluctuation was 5.0%, and in the first half of 2016, the average daily fluctuation was 3.6%. In comparison, this year's Bitcoin volatility is the smallest in the past two years.
The following is a chart of Bitcoin market value. As shown in the figure, the current market value of Bitcoin has exceeded 10 billion US dollars, which is equivalent to the market value at the beginning of 2014. In 2013, the market value reached a peak of 13 billion US dollars. However, from today's perspective, the Bitcoin bubble was very large at the beginning of 2014. At that time, even the practitioners in the industry failed to rationally analyze and view the Bitcoin market environment at that time. The slogan "Bitcoin computing power will exceed 10,000P by the end of 2014" was even shouted for several months. Now, after two and a half years, the computing power is only about 1,500P. Although the current market is not small in terms of market value, the entire ecological environment has also made great progress, and there are no very radical remarks in the market. 2. Long and short index to see the recognition of the value of Bitcoin outside the market <br/>The figure is the long and short index at the hourly level. 3. Newcomer index to see the relative amount of funds entering the market <br/>The figure is the newcomer index calculated on a daily basis.