Bitcoin Blues Continues As Market Sings A Mostly Mournful Tune

Investing, News | June 18, 2018 By:

The cryptocurrency markets continued rumbling along the bottom over the weekend, as the price retreat of the last week appears to have stabilized.

Bitcoin was at the $6,600 mark per single coin at mid-morning on Monday, up slightly from a low that hit $6,300 in the last 24 hours. Still, it remained far off the pace after its dramatic plunge fron the mid-$7,000 level of earlier in the month, and far below earlier in this year.

The rest of the market was equally in the doldrums, although with faint shoots of green incrementally boosting prices. At mid-morning, most of the top ten coins were up between one and two percent.

Bitcoin market highlights for the 24 hours ending June 18, 2018 at 1:00 pm U.S. Eastern Time

The highest price seen was $7,509.55 on the Trade By Trade exchange at 2:01 pm yesterday. Trade By Trade saw $11,453,900 of bitcoin change hands.

The lowest price seen was $6,365.35 on Simex’s exchange at 1:01 am today. Simex’s 24 hour volume was $75,120,000.

The average price on the surveyed exchanges, as weighed by volume, was $6,539.12.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 46.1. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 17 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.