Bitcoin Market Cautious, As Investors Engage In Watchful Waiting

Investing, News | February 23, 2018 By:

It’s place-your-bets time for cryptocurrency investors. After a slight pullback, bitcoin is hovering in the $10,000 per single coin range, waiting to see how the market trade winds blow.

Today’s mid-morning price, $10,236, was just a point above yesterday’s market and showed that caution is in the air. Analysts have targeted $10,500 as the floor for any sustained rally, and while bitcoin surpassed that earlier this week, it then pulled back.

Elsewhere, some gains were recovered by the rest of the top ten, as prices generally retraced yesterday’s five percent to ten percent losses.

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

The highest price seen was $10,746.80 on the HitBTC exchange at 9:42 am today. HitBTC saw $62,833,200 of bitcoin change hands.

The lowest price seen was $9,579.00 on Kraken’s exchange at 8:18 pm yesterday. Kraken’s 24 hour volume was $116,687,000.

The average price on the surveyed exchanges, as weighed by volume, was $9,982.33.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 46.0. 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.