Crypto Market Prices Continue To Stall, But SEC News Has Little Effect

Investing, News | March 1, 2018 By:

Bitcoin continued today with its see-saw within a narrow range. At mid-morning, it was trading around $10,800 per single coin, down slightly from yesterday’s high but on the rise to the tune of three percent. The news that a Securities and Exchange Commission probe into the US cryptocurrency industry is underway has apparently had little immediate effect.

The market continues to stay within a narrow range of current pricing, although some small signs of life extended into Bitcoin Cash today, up more than five percent to $1,291. Litecoin is also moving, up close to three percent.

Still, the overall market remains wary, no doubt remembering the harrowing plunge from the December highs and waiting to see what happens next, particularly with the US Securities and Exchange Commission flexing its subpoena muscles.

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

The highest price seen was $10,917.80 on the HitBTC exchange at 8:54 am today. HitBTC saw $53,756,700 of bitcoin change hands.

The lowest price seen was $10,228.00 on Bitfinex’s exchange at 7:12 pm yesterday. Bitfinex’s 24 hour volume was $323,452,000.

The average price on the surveyed exchanges, as weighed by volume, was $10,550.06.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 43.0. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 8 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.