Bitcoin and Other Cryptos Crawl From The Abyss In Green Arrow Day

Investing, News | February 7, 2018 By:

The rally is on!  Bitcoin and other cryptocurrencies headed upward today, with BTC topping the $8,000 per single coin mark and climbing.

As per usual, other cryptocurrencies followed the leader, with most coins in the top 20 showing double-digit gains this morning. Now the only question is how sustainable this rally will be for the long haul.

Bitcoin market highlights for the 24 hours ending February 7, 2018 at 1:00 pm U.S. Eastern Time

The highest price seen was $8,630.00 on the GDAX exchange at 8:30 am today. GDAX saw $531,756,000 of bitcoin change hands.

The lowest price seen was $6,919.77 on Huobi’s exchange at 1:06 pm yesterday. Huobi’s 24 hour volume was $215,067,000.

The average price on the surveyed exchanges, as weighed by volume, was $7,710.86.

Volatility was a bit above average, with the BlockTribune Volatility Index coming in at 52.4. 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.