A 46% price appreciation seen on the HashBit market between November 12 and November 18.
Between November 12 - November 18, HashBit has been mostly bullish as its price has been in the rising mode. The price swings of HBIT pointed to the presence of high volatility. No rise or fall was observed in the market capitalization of the coin during the period under review. No growth or loss has been observed in trading volume on the crypto coin's market.
The considerable chops and changes in the price of HashBit resulted in average volatility of 30.43%. The asset was the most volatile on November 12 when the registered volatility shot up to 30.43%. On November 18, the coin's volatility was at its minimum level of 0%. When the volatility goes as high as 30.43%, the HBIT market tends to be erratic and hard to predict.
On November 12, the HashBit market opened at $0.00003, preceded by a period of bullish action. The losses of HBIT after the weekly open on November 12 amounted to 11%. November 13 saw the coin going another 22% since the open, supported by the corresponding trading volume. The cautious traders dominated the price action on November 14, with the HashBit market remaining flat. On November 15, the value of HBIT was in the range, with the market remaining flat. The developments on the HashBit market on November 16 started with the price opening at $0.00002 and subsequently moving to $0.00002, the close of the day, while dropping to the 24H low at $0.00002 and spiking to the 24H high at $0.00002. While the 24H high and low on November 17 were at $0.00003 and $0.00002, respectively, the crypto coin had been traded in the area between the open at $0.00002 and the close at $0.00003. On the last day of the reviewed period, the coin was locked between $0.00003 and $0.00003, though the price managed to puncture these levels to reach the 24H high at $0.00003 and the 24H low at $0.00003. The asset posted the weekly low at $0.00002, while the top of the weekly trading session was registered at $0.00003. The difference between the lowest and the highest price points for the week was 46%, as the price moved in the $0.00001 wide corridor.
The trading activity on the HashBit market over the past week - November 12 to November 18 - generated the average trading volume that went from $510 368 to $564 849. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the HBIT market had its volume ranging between $326 097 and $967 705. The 21% 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 46%.
HBIT experienced no change in total market capitalization during the past week. The price of the coin was not changed, with a 0% shift in its total market capitalization. HashBit market capitalization from the week before experienced no change, as a result there were no price fluctuations.