Bitcoin Holds, But Bitcoin Cash and Litecoin Climb The Ladder

Investing, News | February 16, 2018 By:

Which way will the cryptocurrency market go?  Caution was the watchword for investors today, as the mini-rally that has seen bitcoin breach the $10,000 mark stalled.

Investors are looking for bitcoin to surpass the $10,500 support level before sustaining any rally. Bearish firms have set that as the price that should be met before confidence in continued momentum will return.

Bitcoin Cash had a good day, up more than nine percent to $1,500 per single coin on news that the format is being added in several key ATM networks. Likewise, Litecoin out-performed the rest of the market, hitting the $234 level as investors wait to see if a proposed hard fork is implemented.

Bitcoin market highlights for the 24 hours ending February 16, 2018 at 1:00 pm U.S. Eastern Time

The highest price seen was $10,347.50 on the HitBTC exchange at 9:18 pm yesterday. HitBTC saw $56,696,900 of bitcoin change hands.

The lowest price seen was $9,682.05 on Huobi’s exchange at 6:36 am today. Huobi’s 24 hour volume was $107,272,000.

The average price on the surveyed exchanges, as weighed by volume, was $10,016.99.

Volatility was lower than average, with the BlockTribune Volatility Index coming in at 41.4. 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.