Bitcoin Market Holds Steady As Investors Remain Wary

Investing, News | December 27, 2017 By:

Bitcoin moved sideways today, holding in the $16,000 per single coin range after a minor rally. Most cryptocurrencies were down this morning, reflecting the uncertainty in the market, as investors hold a finger in the air to see which way sentiments are blowing.

The outlier on the day was Ripple XRP, which continues to be pumped by a strong influx of investments from Asia. Ripple was up to $1.33 this morning, an all-time high for a currency that mostly traded under a dollar for the bulk of the year. Rumors of pending big deals on Ripple are no doubt fueling the rise, with some speculation that it may soon be added to prominent e-commerce sites and/or exchanges.

One thing’s for certain – investors are not taking the week between Christmas and New Year’s off.

Bitcoin market highlights for the 24 hours ending December 27, 2017 at 1:00 pm U.S. Eastern Time

The highest price seen was $16,522.70 on the Bittrex exchange at 1:30 am today. Bittrex saw $120,794,000 of bitcoin change hands.

The lowest price seen was $14,287.70 on Binance’s exchange at 12:12 pm today. Binance’s 24 hour volume was $190,617,000.

The average price on the surveyed exchanges, as weighed by volume, was $15,839.77.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 48.5. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 11 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.