Bitcoin Has Slight Pullback, But Overall Crypto Markets Continue Strong

Investing, News | December 13, 2017 By:

The bitcoin market cooled a bit this morning, but the retreat is nothing major by the volatile standards set by the legacy cryptocurrency. After rising as high as $18,750 per single coin yesterday, bitcoin has retraced to the high $16,000 level.

While bitcoin experienced some profit-taking, other cryptocurrencies continued skyward. Ethereum has been on a major run and now threatens to breach the magic $700 mark, while Ripple XRP ($0.447447) is up close to 50 percent and Litecoin ($305) has nearly doubled in price from a few weeks ago.

Bitcoin Cash continues a strong performance, now holding at the $1,600 level, while upstart Bitcoin Gold is attracting some attention at $272 per single coin.

Bitcoin market highlights for the 24 hours ending December 13, 2017 at 1:00 pm U.S. Eastern Time

The highest price seen was $18,750.00 on the BTCC exchange at 3:18 pm yesterday. BTCC saw $290,737,000 of bitcoin change hands.

The lowest price seen was $15,911.00 on Bitfinex’s exchange at 9:54 pm yesterday. Bitfinex’s 24 hour volume was $939,061,000.

The average price on the surveyed exchanges, as weighed by volume, was $16,929.73.

Volatility was a bit above average, with the BlockTribune Volatility Index coming in at 51.9. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 4 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.