Bitcoin Finds A Floor at $7,100 Level As Price Plunge Stabilizes

Investing, News | November 7, 2017 By:

Bitcoin continued to deflate off its $7,700 single-coin high, but has avoided a meltdown past the $7,000 floor, at least so far. Today’s morning prices saw legacy bitcon (BTC) sitting at $7,118, a plateau that seems to be the bottom of the profit-taking from the last few days.

Upstart Bitcoin Cash (BCC) also held steady, now at $618 per single coin. That’s just a few percentage points off from yesterday’s single-coin price.

Bitcoin market highlights for the 24 hours ending November 7, 2017 at 1:00 pm U.S. Eastern Time

The highest price seen was $7,249.99 on the BTCC exchange at 12:30 am today. BTCC saw $49,702,500 of bitcoin change hands.

The lowest price seen was $6,600.02 on BTCC’s exchange at 1:06 pm yesterday. BTCC’s 24 hour volume was $49,702,500.

The average price on the surveyed exchanges, as weighed by volume, was $7,088.45.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 46.1. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 9 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.