Good News All Around, as Legacy Bitcoin, Litecoin, Dash and Monero Hit Record Highsbr>
It was a good week to be in cryptocurrency. Legacy bitcoin is at an all-time high; ethereum’s ETH is near the magic $400 mark; Litecoin is at record levels, as are Dash and Monero; and the first two unicorns based on initial coin offering (ICO) fundraising have emerged. All this and the prospects of a booming ICO market in September sent everyone into the US Labor Day holiday weekend on a high note.
At mid-day, legacy bitcoin (BTC) is at the $4,800 level in single-coin pricing, knocking on the door of the highly anticipated $5,000 mark. It’s at the $4,900 level on at least one exchange, and could cross the goal line sometime this weekend.
Upstart Bitcoin Cash (BCC) is also doing well, back over the $600 single-coin price thresshold and up seven percent. Holiday weekends are traditionally times when the foreign markets kick in strongly, so both may be poised for glory.
Ethereum’s inevitable march back to the $400 level is also a good sign. With the fall promising several ICOs per day, momentum should start swinging back to ETH, which has been lagging for the last two months.
Elsewhere on the crypto charts, Ripple XRP was up to $0.248368 while Litecoin was at $86.50, boosted by foreign investments. Dash was at a healthy $384, while was up two percent to $184.
The Block Tribune Volatility Index, which measures price swings in legacy bitcoin, sat at BTVI 45.8 today, indicating a slightly below-average volatility.
TODAY’S 24-HOUR BITCOIN STATISTICS
Bitcoin market highlights for the 24 hours ending September 1, 2017 at 3:00 pm U.S. Eastern Time
The highest price seen was $4,902.45 on the LakeBTC exchange at 2:24 pm today. LakeBTC saw $35,376,700 of bitcoin change hands.
The lowest price seen was $4,652.31 on Bittrex’s exchange at 2:12 am today. Bittrex’s 24 hour volume was $17,834,700.
The average price on the surveyed exchanges, as weighed by volume, was $4,777.86.
Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 45.8. A higher number indicates greater price volatility with 50 describing an average day.
These statistics were consolidated from 10 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.