BlackHat Coin market stayed flat from January 18 - January 24.
BlackHat Coin portrayed neutral behavior last week, with no changes in the price. BLKC was caught in a period of low volatility, which was reflected in its price action. The price action on the coin's market translated to the decline of market capitalization. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.
The price action of BlackHat Coin is in a stalemate due to low volatility during the observed period. With the average volatility being as low as 0.08%, BLKC was incapable of making any sizable price swings. The maximum volatility of the coin stood at 4.3% in the analyzed time frame. On January 23, the asset didn't make any noticeable price movements as its volatility dropped to the lowest level at 0.08%. The unimpressive volatility of 0.08% showcases the overall weakness of the crypto coin.
The first day of price action was marked by the 11% move to the downside from the point where the trading session opened. The price action of the coin remained on January 19 as the pushed the price down by 3%. BlackHat Coin posted the interim low at $0.08 on January 20 and then moved up by 2% and peaked at $0.09. The trading volume on January 21 rendered support to the 3% bearish move of BLKC. The developments on the BlackHat Coin market on January 22 started with the price opening at $0.09 and subsequently moving to $0.09, the close of the day, while dropping to the 24H low at $0.08 and spiking to the 24H high at $0.08. The price action on January 23 saw the crypto coin moving along the following route: starting point at $0.08 and closing point at $0.09, while it also deviated to establish the high of the day at $0.089 and the low of the day at $0.082. Between the 24H high at $0.09 and the 24H low at $0.085, the coin was traded in the $0.09 - $0.09 price corridor. Throughout the reviewed time period, no changes were observed on the asset's market. There was no difference between the lowest and highest price points for the observed week, with the BlackHat Coin market flatlining.
The trading activity on the BlackHat Coin market over the past week - January 18 to January 24 - generated the average trading volume that went from $125 278 to $97 598. We can draw the comparison with the period of 7 days that preceded the reviewed one when BLKC ’s trading volume varied from $96 733 to $107 092. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 3%, and the 0% price shift.
The total market capitalization of BlackHat Coin during the past 7-day oscillated between $988 974, the starting point that was established on January 18, and $888 978 on January 24, the end date of the reviewed period. 10% was the calculated percentage change for the BLKC market over the past week. While the market capitalization of the coin was altered by 10%, its price has made a 0% change. During the week before the analyzed time frame, the market capitalization of BlackHat Coin moved by 52% as it went from $361 882 to $549 331, and gave a better understanding of the general direction in which this market is flowing.