Bitcoin Rises, But Litecoin Explodes In Anticipation Of Hard Forkbr>
A mini-rally boosted bitcoin back over the $9,000 per single coin mark today, as observers watch and wait to see if the next support level – estimated at roughly $10,500 – will be breached. If that happens, then a sustained rally may be the offing, according to the bulls.
If you’re a bear, the failure to reach that level may indicate that the $6,000 floor was an illusion
That’s a discussion for another day. On Wednesday, it was good news all around for cryptocurrency, as the Top 20 coins surged five to ten percent.
The outlier was Litecoin, up an insane 29 percent. Driving the market is news that a Litecoin fork will result in the creation of Litecoin Cash, a new digital currency. Litecoin investors will allegedly receive 10 units of Litecoin Cash, essentially free money.
The only problem – Litecoin creator Charlie Lee is warning investors to be wary of the hard fork claims:
PSA: The Litecoin team and I are not forking Litecoin. Any forks that you hear about is a scam trying to confuse you to think it's related to Litecoin. Don't fall for it and definitely don't enter your private keys or seed into their website or client. Be careful out there! https://t.co/qXbiIxp5Al
— Charlie Lee [LTC] (@SatoshiLite) February 4, 2018
Bitcoin market highlights for the 24 hours ending February 14, 2018 at 1:00 pm U.S. Eastern Time
The highest price seen was $9,350.80 on the Kraken exchange at 11:18 am today. Kraken saw $64,984,600 of bitcoin change hands.
The lowest price seen was $8,467.33 on Bitstamp’s exchange at 6:24 pm yesterday. Bitstamp’s 24 hour volume was $144,807,000.
The average price on the surveyed exchanges, as weighed by volume, was $8,846.23.
Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 47.1. 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.