Bitcoin Climbs Off The Deck As Market Returns To Green Arrows

Investing, News | April 27, 2018 By:

Bitcoin is like the boxer who can’t be knocked out – just when you think they’re down, they rise to fight again. And so it was today, as yesterday’s plunge yielded to today’s rise to the $9,400 level, a nearly five percent gain over the last 24 hours.

The rest of the cryptocurrency markets also closed the business week on a high note. Ethereum was at $678, Ripple at $0.85, Bitcoin Cash at $1,408 and Litecoin at $152. EOS, after taking a day off from its pattern of huge gains, roared back into action, gaining just over 18 percent to sit at $17.37.

Will weekend day traders take the profits off the table, or will this be the beginnings of a sustained run?  We’ll know by Monday.

Bitcoin market highlights for the 24 hours ending April 27, 2018 at 1:00 pm U.S. Eastern Time

The highest price seen was $9,408.25 on the HitBTC exchange at 6:54 am today. HitBTC saw $57,387,900 of bitcoin change hands.

The lowest price seen was $8,832.54 on Bitstamp’s exchange at 3:12 pm yesterday. Bitstamp’s 24 hour volume was $119,994,000.

The average price on the surveyed exchanges, as weighed by volume, was $9,186.54.

Volatility was a bit above average, with the BlockTribune Volatility Index coming in at 52.5. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 9 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.