Bitcoin Has A Goldilocks Day, As Markets Stay In Small Range Of Trading

Investing, News | May 10, 2018 By:

It’s a Goldilocks day in cryptocurrency trading. Like the classic children’s tale, the markets are not too hot, not too cold, as prices generally stayed in the safe zone of a percentage point or two up or down.

Bitcoin hugged the $9,300 per single coin price over the last 24 hours, rising less than a percentage point. Similarly, other digital coins in the top ten were playing small ball, with EOS the big outlier at a whopping two percent gain.

Bitcoin market highlights for the 24 hours ending May 10, 2018 at 1:00 pm U.S. Eastern Time

The highest price seen was $9,395.86 on the HitBTC exchange at 8:48 pm yesterday. HitBTC saw $51,526,500 of bitcoin change hands.

The lowest price seen was $9,218.01 on Bitstamp’s exchange at 5:36 pm yesterday. Bitstamp’s 24 hour volume was $87,080,000.

The average price on the surveyed exchanges, as weighed by volume, was $9,325.37.

Volatility was lower than average, with the BlockTribune Volatility Index coming in at 41.9. 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.