Bitcoin Prices Rally Back Near $6,000, Leading Mixed Crypto Market Resultsbr>
Bitcoin got back off the deck today, rising from its $5,500 bottom yesterday to touch the $5,900 mark before falling back slightly.
The recovery was welcome relief to investors, who no doubt spooked by the Bitcoin Gold fork, which created a new blockchain incompatible with the existing version of bitcoin. The fork occurred after block 491.406 was mined on Oct. 24. The network fork was pre-mined for 100,000 tokens and will not be usable until the Bitcoin Gold team releases the software. Potentially, this could create yet another iteration of bitcoin, joining Legacy Bitcoin (BTC) and Bitcoin Cash (BCC).
The Block Tribune Volatility Index, which measures price swings in legacy bitcoin, was back over the 50 median, sitting at BTVI 57.5 for the last measuring period.
TODAY’S 24-HOUR BITCOIN PRICES
Bitcoin market highlights for the 24 hours ending October 26, 2017 at 3:00 pm U.S. Eastern Time
The highest price seen was $5,996.00000000 on the BitMEX exchange at 9:12 am today. BitMEX saw $833,289,000 of bitcoin change hands.
The lowest price seen was $5,528.10000000 on Bitfinex’s exchange at 3:24 pm yesterday. Bitfinex’s 24 hour volume was $256,816,000.
The average price on the surveyed exchanges, as weighed by volume, was $5,779.30.
Volatility was a bit above average, with the BlockTribune Volatility Index coming in at 57.5. A higher number indicates greater price volatility with 50 describing an average day.
These statistics were consolidated from 4 different exchanges. It includes only USD/BTC trades and only on those exchanges that had at least 1% of the total volume of USD/BTC trades during the measurement period.
|Currency||Volatility Index||Today’s Average Price|