Bitcoin Touches $7,900 Level As Hard Fork Apparently Is Averted

Blockchain, Investing, News | November 8, 2017 By:

Bitcoin prices rebounded strongly today, bouncing up more than eight percent and hitting at all-time high of $7,950 on at least one exchange.

News that the anticipated hard fork will not happen on Nov. 16 has buoyed BTC prices, and the overall cryptocurrency market also responded with green arrows. Bitcoin Cash was also up on morning trading, now sitting at $618.

Bitcoin market highlights for the 24 hours ending November 8, 2017 at 1:00 pm U.S. Eastern Time

The highest price seen was $7,950.00 on the Gemini exchange at 12:36 pm today. Gemini saw $69,063,100 of bitcoin change hands.

The lowest price seen was $6,985.34 on Poloniex’s exchange at 4:00 pm yesterday. Poloniex’s 24 hour volume was $39,869,200.

The average price on the surveyed exchanges, as weighed by volume, was $7,324.36.

Volatility was greater than average, with the BlockTribune Volatility Index coming in at 66.2. 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.