I would like to share new market overview for today. You can see some important stuff about global bitcoin trading.

Overview

First important information is that 24h traded volume has decrease from 2 561 590 of bitcoins to 1 281 490 . You can find some arbitrage opportunities in second and third table. The blue candles chart is representing bitcoin prices on various bitcoin exchanges converted to US dollars.

New feature

Some of you might be interested of fair price of the bitcoin. The best way how to calculate fair price is bitcoin Index. There is plenty of Indexes out there but most of them are not even close to Fair Price . Those Indexes are not accurate because they are based on very small exchanges. Best example is well known BPI index from coinbase.

BPI base : Bitstamp, Bitfinex, Coinbase, ItBit, Okcoin int.

These bitcoin exchanges represent 4.268 % of all global traded volume

This number is ridiculously low for fair price calculation. If you want to know more accurate number please check my calculation of the index

The right number is below. This number is more accurate because is based on 98% of global traded volume

This post has only educative character. Do not take it like an investment advice.
If you have any comments or ideas of what you want to see in next episode, please leave the comment.

@airmike