Buyers kept pushing the BiblePay market to the upside between December 28 and January 3 as the price increased by 7%.
BiblePay has been bullish last week as its price has been predominantly rising. The price swings of BBP pointed to the presence of medium volatility. The asset saw its market capitalization growing over the reviewed period together with its price. The price action of the crypto coin from last week stemmed from the increasing trading volume.
The situation on the BiblePay market allows us to characterise its volatility as mild. Our comprehensive data indicates that the price change of BBP has been moderate on the back of the average volatility of 5% for the given time period. The volatility of the coin reached its highest point at 5.26% during the observed period. 0% was the rock bottom for the asset's volatility that was reached on January 1. The bulls and the bears appear to be remaining in deadlock as the average volatility of the crypto coin was no higher than 5%.
While the overall situation on the BiblePay market was bullish, the trading session on December 28 kicked off at the $0.00009 price level. The price of BBP took a 2% up upswing at the open of the weekly trading period. The market sentiment on December 29 stayed bullish as the coin obtained another 1%. The cautious traders dominated the price action on December 30, with the BiblePay market remaining flat. The next trading session was characterized by more bullish price action (as BBP made a 6% move) on the back of the consistent trading volume. The price oscillation of BiblePay on January 1 was in the $0.0001 - $0.0001 range; at the same time, the price stretched out to reach the 24H low at $0.0001 and the 24H high at $0.0001. While the 24H high and low on January 2 were at $0.0001 and $0.0001, respectively, the crypto coin had been traded in the area between the open at $0.0001 and the close at $0.0001. January 3 presented us with the following price action data: the coin opened the period at $0.0001 and went on to establish the low at $0.000101 and the high of the day at $0.000106 before closing the day at $0.0001. The price action on the asset's market during the period between December 28 and January 3 topped at $0.0001, while the bottom of the price range was established at $0.00009. The difference between the lowest and the highest price points for the week was 7%, as the price moved in the $0.000007 wide corridor.
As for the average trading volume in the time slot between December 28 and January 3, the BiblePay market registered the change from $284 to $322. During the week before December 28, the trading volume of BBP flowed from $51.56 to $2 199. Percentage-wise, the trading volume of the asset changed by 69%, in comparison to the previous period, while its price experienced a 7% adjustment.
Bitcoin began the observed period December 28 - January 3, with the market capitalization of $306 934 and finalized it at the market capitalization level of $333 468. The percentage change in the total market capitalization of BBP amounted to 9%. The price of the coin changed by 7% on the back of the 9% shift in its total market capitalization. A better understanding of the lay of the land on the BiblePay market requires a comparison with the preceding week when the total market capitalization of BiblePay changed by 26% as it went from $227 083 to $306 934.