Bitcoin Continues Trading In Narrow Range As Futures Prices Near Expiration

Investing, News | January 25, 2018 By:

The bitcoin market continued to essentially march in place today, as the grandfather of digital currencies again traded in a narrow range.

Bitcoin this morning stood at the low $11,000 per single coin level, with slight variations on either side over the preceding 24 hours. The first futures contracts are expiring tomorrow, and no doubt cautious investors are holding a finger in the wind to see what happens in this new territory.

Other cryptocurrencies also stood still, with Stellar again the lone outlier, up nearly seven percent in the last 24 hours.

Bitcoin market highlights for the 24 hours ending January 25, 2018 at 1:00 pm U.S. Eastern Time

The highest price seen was $12,408.00 on the LakeBTC exchange at 11:00 pm yesterday. LakeBTC saw $35,415,900 of bitcoin change hands.

The lowest price seen was $10,890.00 on GDAX’s exchange at 10:54 am today. GDAX’s 24 hour volume was $153,891,000.

The average price on the surveyed exchanges, as weighed by volume, was $11,315.25.

Volatility was lower than average, with the BlockTribune Volatility Index coming in at 40.6. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 14 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.