Bitcoin Continues Recovery, Now Over $16,000 Level

Investing, News | December 26, 2017 By:

Bitcoin continued on the comeback trail today, rising just over the 16,000 per single-coin mark on at least one exchange. Last week’s crash is now in the rear-view mirror, and the slow, steady climb of the godfather of digital currency now awaits its next boomlet.

Other cryptocurrencies also recovered, creating a market board mostly filled withe green arrows, albeit slightly lower than before the pre-Christmas crash.

Bitcoin market highlights for the 24 hours ending December 26, 2017 at 1:00 pm U.S. Eastern Time

The highest price seen was $16,142.00 on the Kraken exchange at 11:42 am today. Kraken saw $52,598,200 of bitcoin change hands.

The lowest price seen was $13,365.90 on Poloniex’s exchange at 5:42 pm yesterday. Poloniex’s 24 hour volume was $115,678,000.

The average price on the surveyed exchanges, as weighed by volume, was $14,699.50.

Volatility was greater than average, with the BlockTribune Volatility Index coming in at 61.7. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 11 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.