Buyers kept pushing the Bitkub Coin market to the upside between September 16 and September 22 as the price increased by 6%.
Between September 16 - September 22, Bitkub Coin has been mostly as its price has been in the rising mode. The volatility associated with the KUB market was medium, as were its price fluctuations. 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 price action of Bitkub Coin has been contained due to modest volatility. The market analysis reveals that the mild average volatility of 9% restrained KUB 's price swings. The coin was the most volatile on September 16, when the range of its price fluctuations reached 10.94%. The price of the asset had fluctuated the least on September 20, when the volatility plummeted to 0.74%. The bulls and the bears appear to be remaining in deadlock as the average volatility of the crypto coin was no higher than 9%.
The opening price of Bitkub Coin was at $1.31 on September 16, with having a more visible presence on the market. During the opening day on September 16, KUB has had a 2% move to the downside. The coin market was up by 11% on September 17, the second day of the reviewed time period. The bears dominated the price action during the following trading period as the price drifted 3% to the downside, having established the low for the reviewed time frame at $1.38, while the high was recorded at $1.43. The KUB market was down as the price shifted by 1% on September 19, against the backdrop of the sufficient trading volume. September 20 kicked off with Bitkub Coin trading opening at $1.35 and then closing the session at $1.34, establishing the 24H low at $1.33 and 24H high at $1.36 in the process. The price action on September 21 saw the crypto coin moving along the following route: starting point at $1.33 and closing point at $1.35, while it also deviated to establish the high of the day at $1.36 and the low of the day at $1.33. The coin's market saw no changes on September 22, as the market flatlined. The price action on the asset's market during the period between September 16 and September 22 topped at $1.43, while the bottom of the price range was established at $1.27. The difference between the lowest and the highest price points for the week was 6%, as the price moved in the $0.08 wide corridor.
Over the period of the last 7 days, September 16 to September 22, Bitkub Coin saw its average trading volume fluctuate between $788 836 and $744 219. A more comprehensive analysis of KUB price action requires the comparison of the trading volume between September 16 and September 22 with that from the preceding week that demonstrated how the trading volume fluctuated between $914 294 and $2 912 072. The 51% change in trading volume in the asset's market, compared to last week, supported the price movement that allowed the cryptocurrency to alter its value by 6%.
The total capitalization of Bitcoin at the start of the analyzed time period (September 16) amounted to $116 385 418; by the end of that period (September 22), the capitalization went to $120 129 162. KUB experienced a 3% change in total market capitalization throughout the past seven days. The price of the coin changed by 6% on the back of the 3% shift in its total market capitalization. Bitkub Coin ’s market capitalization from the week before changed by 6%, as the result of fluctuation between $128 540 840 and $116 385 418, to give a clearer vision of the current state of the market.