Bitcoin Holds At $10,000, While Other Digital Currencies Continue To Decline

Investing, News | January 31, 2018 By:

Bitcoin stabilized a bit today, as investors hope it has found a floor in the $10,000 range. At mid-morning, bitcoin sat in the lower end of $10,000 per single coin, while the other coins in the market kept dropping.

The last two days have seen losses in the four to seven percent range for most coins. The increasing drum beats of government regulations and the gas on the fire approach of crypto bears has added to the market’s caution.

Bitcoin market highlights for the 24 hours ending January 31, 2018 at 1:00 pm U.S. Eastern Time

The highest price seen was $10,534.70 on the Binance exchange at 5:36 pm yesterday. Binance saw $276,011,000 of bitcoin change hands.

The lowest price seen was $9,554.79 on Bitstamp’s exchange at 8:12 pm yesterday. Bitstamp’s 24 hour volume was $197,573,000.

The average price on the surveyed exchanges, as weighed by volume, was $10,099.81.

Volatility was lower than average, with the BlockTribune Volatility Index coming in at 41.7. 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.