Bitcoin $7,000 Has Arrived – Bitcoin Cash Also Up Big

Investing, News | November 2, 2017 By:

Legacy bitcoin (BTC) broke the magic $7,000 per single-coin barrier today in early morning trading, continuing the bull run that has seen it smash through the $6,000 barrier in short order on its march.

Upstart Bitcoin Cash is also on a roll, now sitting at $554 just before the coming fork adds it to individual exchange portfolios this month in an amount equal to bitcoin holdings.

Bitcoin market highlights for the 24 hours ending November 2, 2017 at 1:00 pm U.S. Eastern Time

The highest price seen was $7,422.22 on the GDAX exchange at 7:18 am today. GDAX saw $127,802,000 of bitcoin change hands.

The lowest price seen was $6,521.10 on Bitfinex’s exchange at 4:12 pm yesterday. Bitfinex’s 24 hour volume was $666,463,000.

The average price on the surveyed exchanges, as weighed by volume, was $6,882.21.

Volatility was unusually high, with the BlockTribune Volatility Index coming in at 68.5. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 7 different exchanges. It includes only BTC/USD trades and only on those exchanges that had at least 1% of the total volume of BTC/USD trades during the measurement period.