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Title: Interesting market observations... what does this mean? Post by: hacknoid on July 23, 2013, 11:14:45 PM So some interesting things seem to be happening in the market right now, that I have been observing over the past week (some longer): (Mostly noticed from checking bitcoinwatch.com) 1) Today for the first time I noticed the 24-hour volume on Bitstamp (USD) was higher than Mt.Gox (USD). This changed quickly around noon EDT when there were a bunch of large trades on Gox, but still... 2) The overall market share for Gox is dropping to about the 50% mark 3) btcnCNY is fighting to stay in third spot for volume (and usually winning) 4) Ripple exchange rate is going through the roof, especially today (ppl losing faith in it?) 5) (I may be wrong on this) MtGox (JPY) seems to be in the higher volumes recently. What do people make of these things? Looks to me like some trends are changing, and I'd like to think this is positive. Anyone have any comments? Title: Re: Interesting market observations... what does this mean? Post by: grovestr on July 23, 2013, 11:25:54 PM Are you sure even about 1)?
http://bitcoincharts.com/markets/ Title: Re: Interesting market observations... what does this mean? Post by: MoreFun on July 23, 2013, 11:28:04 PM Are you sure even about 1)? http://bitcoincharts.com/markets/ I saw it also, Bitstamp took the lead for a few minutes for about 200 BTC nothing more :P Title: Re: Interesting market observations... what does this mean? Post by: hacknoid on July 23, 2013, 11:37:13 PM Are you sure even about 1)? http://bitcoincharts.com/markets/ I saw it also, Bitstamp took the lead for a few minutes for about 200 BTC nothing more :P Yeah I don't know how long it was for, and it wasn't by much. But considering Gox usually has at least a 2:1 lead, it was surprising to me! As I say - there were some big trades that pushed the gap open again, but I still consider it significant considering how large the lead of Gox traditionally has been. |