Bitcoin Rises Past $18,500 Mark, While ETH and Ripple Falter

Investing, News | January 5, 2018 By:

Bitcoin is surging once again, rising as high as $18,500 in single coin pricing on at least one exchange. The move upward kick-starts what had been a gradual ascent from the pre-Christmas crash.

The legacy crypto’s rise did not translate to other coins. Ethereum’s ETH was down more than four percent to around $976 this morning, while Ripple XRP, which has had a staggering increase over the last week, is pushing the down button.

The rumor that Ripple XRP would be added to Coinbase was shot down yesterday by the US exchange, and the coin, which traded as high as $3.50, is down to $3.00 this morning and falling.

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

The highest price seen was $18,502.60 on the ZB.COM exchange at 12:48 pm today. ZB.COM saw $50,490,100 of bitcoin change hands.

The lowest price seen was $14,637.30 on Binance’s exchange at 1:06 pm yesterday. Binance’s 24 hour volume was $371,220,000.

The average price on the surveyed exchanges, as weighed by volume, was $15,465.85.

Volatility was a bit above average, with the BlockTribune Volatility Index coming in at 53.0. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 13 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.