Bitcoin Hovers Around $11,000 As Digital Currency Markets Hold Steady

Investing, News | January 23, 2018 By:

The markets continued to be wary today, as bitcoin and other cryptocurrencies basically held steady after a slight drop from weekend highs.

Bitcoin hovered around the $11,000 per single coin mark, while other digital currencies rallied slightly. Government crackdowns are clearly spooking the market, allowing cryptocurrency skeptics to dominate the news cycles and creating a climate of uncertainty. Like with stocks, cloudy futures are not spurs to investment.

Bitcoin market highlights for the 24 hours ending January 23, 2018 at 1:00 pm U.S. Eastern Time

The highest price seen was $11,918.40 on the ZB.COM exchange at 12:12 pm today. ZB.COM saw $57,374,400 of bitcoin change hands.

The lowest price seen was $9,965.90 on Bitfinex’s exchange at 6:54 am today. Bitfinex’s 24 hour volume was $795,507,000.

The average price on the surveyed exchanges, as weighed by volume, was $10,577.82.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 45.3. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 13 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.