Calm Day in Crypto Trading, Slight Gains For BTC

Investing, News | August 24, 2017 By:

Slow but steady gains for legacy bitcoin (BTC) were on tap in Thursday’s cryptocurrency markets, as single-coin pricing rose to the $4,200 level at mid-day. The move upward continued the growth pattern for the week, marked by incremental but steady gains.

Bitcoin Cash (BCC) gave back some of its recent gains, down almost five percent to $630, as the euphoria of its skyrocketing price rise of last weekend slowly deflated.

Ethereum was at $323 at mid-day, a mild gain over Wednesday’s prices. while Dash was at exactly $300, also a minor increase.

The day’s biggest diver was Ripple XRP, which has seen extraordinary gains over the last three days. Today, it gave back some of that upside, sitting at $0.229333 at mid-day, down almost 17 percent. Monero was also getting air let out of its balloon, settling back to the $83 level after a few heady days in the $90 range.

The Block Tribune Volatility Index, which measures price swings in bitcoin, sat at BTVI 44.7 today, indicating way below-average volatility.

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TODAY’S 24-HOUR BITCOIN STATISTICS

Bitcoin market highlights for the 24 hours ending August 24, 2017 at 3:00 pm U.S. Eastern Time

The highest price seen was $4,376.20 on the LakeBTC exchange at 12:12 pm today. LakeBTC saw $24,578,900 of bitcoin change hands.

The lowest price seen was $4,060.90 on BitMEX’s exchange at 4:54 pm yesterday. BitMEX’s 24 hour volume was $160,759,000.

The average price on the surveyed exchanges, as weighed by volume, was $4,169.93.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 44.7. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 10 different exchanges. It includes only USD/BTC trades and only on those exchanges that had at least 1% of the total volume of USD/BTC trades during the measurement period.