Market review from September 7 to September 13 : Minto gets a 10% price appreciation.

The analysis of last week’s price action shows that the Minto market is in the phase since the price has been moving upward. The situation on the BTCMT market shows that the underlying asset is currently experiencing a period of medium volatility. The asset saw its market capitalization growing over the reviewed period together with its price. The crypto coin's market experienced a growing trading volume during the observed time period, which fell in line with the price action.

Minto has been moving reservedly on the backdrop of average volatility. During the reviewed period, the volatility of BTCMT was in the middle register, averaging at 8%. The coin has hit the highest point of volatility on September 7. The asset's volatility was at its lowest on September 11 when it dropped to 0.68%. The mild volatility during the period of review allowed the price of the crypto coin to remain stable and predictable.

Minto began the day on September 7 at $0.69, while the broad background was neutral. The first day of price action was marked by the 4% move to the downside from the point where the trading session opened. September 8 saw the coin going another 10% since the open, supported by the corresponding trading volume. Minto posted the interim low at $0.71 on September 9 and then moved up by 1% and peaked at $1.04. Over the next trading period (on September 10), BTCMT was moving up by 4% on the back of a congruous trading volume. The developments on the Minto market on September 11 started with the price opening at $0.88 and subsequently moving to $0.83, the close of the day, while dropping to the 24H low at $0.83 and spiking to the 24H high at $0.83. No changes were observed on the crypto coin's market on September 12. As for the occurrences on September 13, the price of the coin bottomed at $0.74 and peaked at $0.8, while its daily range formed between $0.77 and $0.74. $0.66 was the bottom of price action for the week, though the price went to the high extreme at $1.05 over the same time period. As a result of price action within the designated time period, the price movement range on the Minto market was established at $0.07 or 10% between the weekly low and the weekly high.

The past 7 days were marked by a change in average daily trading volume from $11 252 on September 7 to $2 051 on September 13. In order to have a better grasp of the BTCMT market, it’s necessary to compare the stats from the analyzed period with those from the week before, when the trading volume had gone from $188 to $7 216. Percentage-wise, the trading volume of the asset changed by 32%, in comparison to the previous period, while its price experienced a 10% adjustment.

The total capitalization of Bitcoin at the start of the analyzed time period (September 7) amounted to $1 598 263; by the end of that period (September 13), the capitalization went to $1 897 953. The percentage change in the total market capitalization of BTCMT amounted to 19%. While the market capitalization of the coin was altered by 19%, its price has made a 10% change. Minto ’s market capitalization from the week before changed by 4%, as the result of fluctuation between $1 786 709 and $1 598 263, to give a clearer vision of the current state of the market.

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Article date: September 13 | September 7 - 13

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