Friday Bitcoin Bounce Buoys Cryptocurrency Markets – Green Arrows In Top Ten

Investing, News | March 16, 2018 By:

Bitcoin rallied from a low point on Friday, rising more than five percent and once again topping the $8,500 mark. The rising tide lifted all boats in the cryptocurrency top ten coins.

Bitcoin Cash was particularly robust, rising nearly 14 percent and heading back over the $1,000 mark. At mid-morning, BCC was at the $1,046 level after a rare dip into triple digits. Litecoin was also strong up nearly six percent to $160.  Ether was a bit of a laggard, up more than three percent but still trading in the low $600 range.

Bitcoin market highlights for the 24 hours ending March 16, 2018 at 1:00 pm U.S. Eastern Time

The highest price seen was $8,603.13 on the Huobi exchange at 12:36 pm today. Huobi saw $172,818,000 of bitcoin change hands.

The lowest price seen was $7,905.21 on Huobi’s exchange at 10:06 pm yesterday. Huobi’s 24 hour volume was $172,818,000.

The average price on the surveyed exchanges, as weighed by volume, was $8,227.01.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 43.3. 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.