Bitcoin Plunge Temporarily Halts, As Crypto Markets Take a Breather

Investing, News | April 5, 2018 By:

If bitcoin was a ride at an amusement park, it would make a lot of people sick. It goes up, it plunges down, then stabilizes for a short period before heading in either direction.

Today’s market marked a stable period at mid-morning after yesterday’s free-fall below $7,000. At mid-morning, bitcoin sat at the $6,700 level, but the major plunges across the board seem to have stabilized for the moment.

The top ten in the coin market took a similar breather from the market gyrations. Most coins were down slightly, with EOS being the outlier, up more than seven percent on news that social media network ONO will run on the platform.

Bitcoin market highlights for the 24 hours ending April 5, 2018 at 1:00 pm U.S. Eastern Time

The highest price seen was $6,907.60 on the Kraken exchange at 4:12 pm yesterday. Kraken saw $79,020,300 of bitcoin change hands.

The lowest price seen was $6,572.70 on Bitfinex’s exchange at 9:36 pm yesterday. Bitfinex’s 24 hour volume was $331,006,000.

The average price on the surveyed exchanges, as weighed by volume, was $6,774.47.

Volatility was lower than average, with the BlockTribune Volatility Index coming in at 40.6. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 7 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.