Cryptocurrency Comeback Sparks Market, Bitcoin Cash Jumps Up With Exchange Boost

Investing, News | May 2, 2018 By:

The cryptocurrency market continued its contrary ways today, climbing back up after a slight downward slump on Tuesday.

Bitcoin was back over the $9,000 mark, coming in at mid-morning slightly above the $9,100 single coin level, a gain of more than two percent. Similarly, other cryptocurrencies reclaimed lost ground from Tuesday, most rising several percentage points.

So far, Bitcoin Cash is the story of the day, rising a robust 13 percent to $1,468 at mid-morning. The coin was just added to the London Block Exchange, expanding its market opportunities.

Bitcoin market highlights for the 24 hours ending May 2, 2018 at 1:00 pm U.S. Eastern Time

The highest price seen was $9,211.75 on the CoinBene exchange at 4:12 am today. CoinBene saw $43,565,400 of bitcoin change hands.

The lowest price seen was $8,934.20 on Simex’s exchange at 2:48 pm yesterday. Simex’s 24 hour volume was $46,717,100.

The average price on the surveyed exchanges, as weighed by volume, was $9,060.03.

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 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.