Markets Continue Quiet in Cryptocurrency

Investing, News | July 24, 2017 By:

Things remained calm in the cryptocurrency markets on Monday, as bitcoin’s single-coin price sat at the $2,700 level at mid-day. News that the hard fork that would split bitcoin into two separate camps appears unlikely at this point has had a big effect on the market, as investors are taking a breath to determine next steps.

The Block Tribune Volatility Index, which measures trading movement in bitcoin, reflected that confidence. The BTVI was at 42.8, near its all-time low.

News of continuing hacks on ethereum platforms didn’t move the ETH market much. Today ether sat at $223 at mid-day. But fingers are in the air as to whether the hacks represent serious issues or are circumstantial.

Other altcoins were a mixed bag in price. Litecoin, which just activated Segregated Witness, was flat at $44; Dash was up more than eight percent to $205 after it took a big leap up on news it was now in the Apple app store;  Monero was up slightly to the $44 level; and Ripple was down incrementally, now sitting at $0.192015

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TODAY’S 24-HOUR BITCOIN STATISTICS

Bitcoin market highlights for the 24 hours ending July 24, 2017 at 3:00 pm U.S. Eastern TimeThe highest price seen was $2,900.00 on the BTCC exchange at 6:36 pm yesterday. BTCC saw $7,839,890 of bitcoin change hands.

The lowest price seen was $2,598.59 on BTC-E’s exchange at 6:48 pm yesterday. BTC-E’s 24 hour volume was $10,466,600.

The average price on the surveyed exchanges, as weighed by volume, was $2,757.32.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 42.8. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 12 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.