Bitcoin And Other Cryptocurrencies Take A Breather From Week’s Wild Ride

Investing, News | January 19, 2018 By:

It’s a finger-in-the-wind Friday for cryptocurrency investors, as the market basically stood still this morning to assess the impact of this week’s wild ride.

Bitcoin was at $11,400 per single coin this morning, up from yesterday and holding steady at its high-point from Thursday. The currency has been as low as $9,000 just a short time ago.

Elsewhere, ETH was holding slightly above $1,000, while other cryptocurrencies were down slightly, but recovering from the massive sell-off of Tuesday and Wednesday.

What happens next will be determined by South Korea, which has been threatening to disrupt one of the largest markets for all cryptocurrencies through government regulation. A quiet period from that government is sorely needed while the fallout from this week’s pronouncements is assessed.

Bitcoin market highlights for the 24 hours ending January 19, 2018 at 1:00 pm U.S. Eastern Time

The highest price seen was $12,038.80 on the itBit exchange at 4:00 pm yesterday. itBit saw $52,573,200 of bitcoin change hands.

The lowest price seen was $10,496.20 on Binance’s exchange at 10:36 pm yesterday. Binance’s 24 hour volume was $456,206,000.

The average price on the surveyed exchanges, as weighed by volume, was $11,421.96.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 43.8. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 12 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.