Crypto Markets Hold Steady, But Bitcoin Cash Explodes

Investing, News | February 8, 2018 By:

Bitcoin stabilized today, as investors digested the $2,000 gain of yesterday and perhaps waited to see what happens next in the volatile sector. At mid-morning, BTC was sitting at $8,200 per single coin, relatively the same level as yesterday.

The big rally was in Bitcoin Cash, now just below the $1,300 level, a rise of more than 27 percent. The volatility may reflect the ongoing wars in certain camps between what is the “real” bitcoin, and may indicate some big players have laid down a bet on BCH.

Bitcoin market highlights for the 24 hours ending February 8, 2018 at 1:00 pm U.S. Eastern Time

The highest price seen was $8,647.52 on the HitBTC exchange at 7:54 am today. HitBTC saw $64,116,000 of bitcoin change hands.

The lowest price seen was $7,400.45 on OKEx’s exchange at 8:12 pm yesterday. OKEx’s 24 hour volume was $188,016,000.

The average price on the surveyed exchanges, as weighed by volume, was $8,101.38.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 44.4. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 11 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.