Bitcoin Approaching All-Time Highs in Volatile Trading

Investing, News | August 29, 2017 By:

Legacy bitcoin (BTC) again approached all-time highs in single-coin pricing today, as a solid day for cryptocurrencies in general was buoyed by its flagship’s market strength.

At mid-day, BTC was near the $4,600 mark for a single-coin, up just over five percent in the last 24 hours. In contrast, Bitcoin Cash (BCC) was headed in the opposite direction, dipping below $600 for the first time in a while as it was down more than five percent, sitting at $564 per single coin at mid-day.

Ethereum was having a good day, up more than six percent to $367. Dash was slightly up to $361, while Monero was down three percent to $133, losing some steam after a spectacular run-up in the last week. Ripple XRP was at $0.220796, down just over one percent and Litecoin was at $62, breaking out of its rut, but down slightly at mid-day.

The Block Tribune Volatility Index, which measures price swings in bitcoin, sat at BTVI 57.3 today, indicating an above-average volatility.



Bitcoin market highlights for the 24 hours ending August 29, 2017 at 3:00 pm U.S. Eastern Time

The highest price seen was $4,705.01 on the BTCC exchange at 10:00 am today. BTCC saw $21,622,500 of bitcoin change hands.

The lowest price seen was $4,320.40 on Bittrex’s exchange at 4:54 pm yesterday. Bittrex’s 24 hour volume was $17,367,400.

The average price on the surveyed exchanges, as weighed by volume, was $4,435.15.

Volatility was a bit above average, with the BlockTribune Volatility Index coming in at 57.3. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 11 different exchanges. It includes only USD/BTC trades and only on those exchanges that had at least 1% of the total volume of USD/BTC trades during the measurement period.