Bitcoin Down, Rest Of Crypto Markets Continue In Valley Of Pessimism

Investing, News | May 22, 2018 By:

The cryptocurrency markets continued to slide today, as all of the top ten coins saw red arrows on losses ranging from nil to nearly four percent.

The market has been suffering from a post-South Korean raids hangover, as one of the most volatile markets for day traders was intimidated by a raid from authorities. That and the heavy-handed pronouncements from government regulators has created a climate where optimism on crypto’s immediate future has been cooled from last year’s frenzy, and has failed to sustain any lasting momentum.

At mid-morning, bitcoin was essentially flat at $8,200 per single coin, down nearly two percent over the last 24 hours.

Bitcoin market highlights for the 24 hours ending May 22, 2018 at 1:19 pm U.S. Eastern Time

The highest price seen was $8,774.98 on the Livecoin exchange at 2:08 pm yesterday. Livecoin saw $12,309,500 of bitcoin change hands.

The lowest price seen was $8,159.05 on CoinsBank’s exchange at 9:49 pm yesterday. CoinsBank’s 24 hour volume was $17,010,300.

The average price on the surveyed exchanges, as weighed by volume, was $8,389.97.

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 17 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.