Crypto Prices Slump in Light Trading

Investing, News, Uncategorized | July 13, 2017 By:

The one-day rally has fizzled for cryptocurrency.  Most single-coin prices were down in trading on Thursday’s mid-day market, with bitcoin dipping back to the $2,300 level after a day spent slightly higher. Bitcoin has been trading in a narrow range for the last two weeks, as speculators watch to see whether the pending changes in block size affect perceptions.

The Block Tribune Volatility Index, which measures movement in the bitcoin market, was down to 43.2, a drop from yesterday’s BTVI of 47.7.

Ethereum’s ether continued its recent slump, as yesterday’s brief flurry was matched by today’s drop of nearly nine percent. ETH is now at $203, and hoping that the recent crisis of faith prompted by scaling issues and wild rumors will soon pass.

Ripple was the down day’s lone bright spot, up slightly to $0.195711 at mid-day. Litecoin ($45), Dash ($172) and Monero ($38) all suffered a drop in price at mid-day.

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TODAY’S 24-HOUR BITCOIN STATISTICS

Bitcoin market highlights for the 24 hours ending July 13, 2017 at 3:00 pm U.S. Eastern Time

The highest price seen was $2,550.73 on the OkCoin Intl. exchange at 8:48 pm yesterday. OkCoin Intl. saw $2,923,400 of bitcoin change hands.

The lowest price seen was $2,280.00 on BTC-E’s exchange at 2:06 pm today. BTC-E’s 24 hour volume was $6,835,650.

The average price on the surveyed exchanges, as weighed by volume, was $2,372.57.

Volatility was a bit lower than average, with our index coming in at 43.2. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 14 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.