Bitcoin Continues Surging, With The Elusive $10,000 Level In Sight

Investing, News | May 4, 2018 By:

The cryptocurrency market surge continued today, putting bitcoin within site of the elusive $10,000 per single coin mark, a level not seen for months.

Building on Thursday’s market breakout, bitcoin rose as high as $9,700 on at least one exchange today. It brought most the rest of the market along for the ride, although momentum stalled for Bitcoin Cash in particular, which was up strongly yesterday but holding at the $1,500 level today.

Bitcoin market highlights for the 24 hours ending May 4, 2018 at 1:00 pm U.S. Eastern Time

The highest price seen was $9,703.80 on the Bitfinex exchange at 10:54 am today. Bitfinex saw $345,902,000 of bitcoin change hands.

The lowest price seen was $9,549.98 on Bibox’s exchange at 12:12 pm today. Bibox’s 24 hour volume was $63,259,300.

The average price on the surveyed exchanges, as weighed by volume, was $9,647.51.

Volatility was lower than average, with the BlockTribune Volatility Index coming in at 41.7. 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.