Bitcoin Sleeps As Bitcoin Cash Rallies To New Heights; ETH Also On The March

Investing, News | January 10, 2018 By:

Mid-week’s hump saw another day of little movement on bitcoin prices. The high topped out at slightly over $15,000 per single coin, dipping back below that level this morning.

The money not going to legacy bitcoin’s BTC appears to be finding a home at Bitcoin Cash, which gained more than 12 percent over the last 24 hours. It is now at $2,700 per single coin and growing.

The other big news was the ongoing rise of ethereum’s ETH, which some are calling “ether madness” because of its out-of-the-blue appearance. Today, ETH was at $1,333 at mid-morning, just over a nine percent rise in price in the last 24 hours.

Meanwhile, Ripple XRP continues its free-fall. XRP was up to $3.50 based on rumors, but has since deflated to today’s $2.00 as those rumors were debunked.

Bitcoin market highlights for the 24 hours ending January 10, 2018 at 1:00 pm U.S. Eastern Time

The highest price seen was $15,086.00 on the Kraken exchange at 1:06 pm yesterday. Kraken saw $58,829,500 of bitcoin change hands.

The lowest price seen was $13,268.00 on Binance’s exchange at 3:30 am today. Binance’s 24 hour volume was $260,821,000.

The average price on the surveyed exchanges, as weighed by volume, was $14,373.31.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 47.3. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 12 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.