Bitcoin Comeback Stalls, Markets Retreat After Brief Rally

Investing, News | May 15, 2018 By:

The climb back for bitcoin and other cryptocurrencies after this week’s disasterous Korean exchange raids has stalled. While bitcoin rallied from as low as $8,200 per single coin to approach the $9,000 mark, it has retreated today.

At mid-morning, bitcoin sat at $8,500 per single coin, down just over two percent. The rest of the market fared no better, as most coins in the top 20 in market cap were down several percentage points, with just a few outliers showing less than one percent gains.

Bitcoin market highlights for the 24 hours ending May 15, 2018 at 1:00 pm U.S. Eastern Time

The highest price seen was $8,925.65 on the Simex exchange at 4:48 pm yesterday. Simex saw $52,355,300 of bitcoin change hands.

The lowest price seen was $8,465.21 on Coinsuper’s exchange at 11:06 am today. Coinsuper’s 24 hour volume was $44,307,300.

The average price on the surveyed exchanges, as weighed by volume, was $8,713.01.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 44.7. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 10 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.