Bitcoin Climbs Slightly, But Crypto Markets Remain Stagnant

Investing, News | February 27, 2018 By:

Bitcoin edged slightly upward in mid-morning trading, climbing to top the $10,900 mark on at least one exchange. But that was not enough to significantly shake-up a wary market that still waits to see which way momentum leans.

Sideways trading in bitcoin and other crypto coins in the top ten has been the watchword after a rally last week. Even the implementation of SegWit in several exchanges couldn’t move the needle significantly.

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

The highest price seen was $10,953.50 on the HitBTC exchange at 9:00 am today. HitBTC saw $52,070,400 of bitcoin change hands.

The lowest price seen was $10,139.90 on Kraken’s exchange at 9:24 pm yesterday. Kraken’s 24 hour volume was $81,400,200.

The average price on the surveyed exchanges, as weighed by volume, was $10,468.43.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 46.4. 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.