Bitcoin And Crypto Market Up, But Investors Looking For Major Breakout Excitement

Investing, News | June 7, 2018 By:

A slight shift upward for the cryptocurrency market was the trend in today’s trading. At mid-morning, bitcoin was up slightly over one percent, with some pundits predicting a breakout may be bubbling if bitcoin can break certain price barriers.

The rest of the market was also stirring in response to bitcoin’s upward move, albeit barely, with gains of between one and two percent at mid-morning. Whether the hopes for a major rally are wishful thinking remains to be seen, as the market has been in a narrow trading rut for a few weeks.

Bitcoin market highlights for the 24 hours ending June 7, 2018 at 1:00 pm U.S. Eastern Time

The highest price seen was $7,919.87 on the Livecoin exchange at 9:49 pm yesterday. Livecoin saw $13,654,800 of bitcoin change hands.

The lowest price seen was $7,412.38 on CoinsBank’s exchange at 12:07 am today. CoinsBank’s 24 hour volume was $13,897,800.

The average price on the surveyed exchanges, as weighed by volume, was $7,669.30.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 48.6. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 16 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.