Green Arrows Abound in Wednesday Crypto Trading

Investing, News | August 23, 2017 By:

Prices were up, up, up – in some cases, really up – in Wednesday cryptocurrency trading. At mid-day, legacy bitcoin (BTC) climbed 2.5 percent to $4,172 in single-coin pricing, continuing the rally from yesterday’s brief dip below $4,000.

The news was the same elsewhere on the cryptocurrency charts. Ethereum’s ether sat at $320, a slight bump; while Bitcoin Cash nudged green at $663. Dash was at $294, and Litecoin was up to near $48 in single-coin pricing.

The Monster Man of the day was Ripple XRP, which continued to surge. It now is at $0.277821 at mid-day, up over 18 percent in the last 24 hours. Monero also sustained its recent rocket climb, up more than four percent to $91.

The Block Tribune Volatility Index, which measures price swings in bitcoin, reflected a slightly above-average day. The BTVI sat at 51.2 today, indicating slightly above-average volatility.

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TODAY’S 24-HOUR BITCOIN STATISTICS

Bitcoin market highlights for the 24 hours ending August 23, 2017 at 3:00 pm U.S. Eastern Time

The highest price seen was $4,379.15 on the LakeBTC exchange at 8:24 am today. LakeBTC saw $18,696,200 of bitcoin change hands.

The lowest price seen was $3,966.82 on Poloniex’s exchange at 7:12 pm yesterday. Poloniex’s 24 hour volume was $42,072,400.

The average price on the surveyed exchanges, as weighed by volume, was $4,135.18.

Volatility was a bit above average, with the BlockTribune Volatility Index coming in at 51.2. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 11 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.