Bitcoin Price Continues Its Retreat, Dragging Rest of the Crypto Market Down

Investing, News | May 8, 2018 By:

Bitcoin continued on its recent price rollercoaster today, falling to the $9,100 level after touching the $9,500 mark on at least one exchange yesterday.

Profit-taking continued since the weekend, when bitcoin looked to finally top the $10,000 per single coin mark for the first time in months.

The rest of the market continued its retreat, as all of the top ten coins were down several percentage points.

Bitcoin market highlights for the 24 hours ending May 8, 2018 at 1:00 pm U.S. Eastern Time

The highest price seen was $9,543.62 on the Bibox exchange at 3:42 pm yesterday. Bibox saw $53,430,800 of bitcoin change hands.

The lowest price seen was $9,060.05 on Bitstamp’s exchange at 8:12 am today. Bitstamp’s 24 hour volume was $106,181,000.

The average price on the surveyed exchanges, as weighed by volume, was $9,322.69.

Volatility was nearly average, with the BlockTribune Volatility Index coming in at 50.0. 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.