Monday’s Crypto Crash Looking Like a Mirage

Blockchain, FinTech, Investing, News | June 28, 2017 By:

The market was buying, buying, buying today, as bitcoin and particularly ethereum continued to recover from recent tribulations in single-coin pricing.

Bitcoin was at $2,550 in single-coin price on several exchanges as of mid-day, reflecting a six-percent hike over the last day. Ethereum was back over the $300 mark, sitting at $309 at mid-day and coming on strong after a 20 percent plunge in the last few days.

Other cryptocurrencies echoed the good news of the market leaders. Ripple was at $0.273952 (up four percent); Litecoin was at the $42 level (up from yesterday’s $38); while Dash was at $181 and Monero was closing in on the $44 level, both up double-digit percentages.

All of the above represent nice gains from the gloom of Monday, when bad news on several fronts temporarily squished the market.



Bitcoin market highlights for the 24 hours ending June 28, 2017 at 3:00 pm U.S. Eastern Time

The highest price seen was $2,684.00 on the Gatecoin exchange at 12:06 pm today. Gatecoin saw $7,533,680 of bitcoin change hands.

The lowest price seen was $2,282.29 on CoinsBank’s exchange at 4:06 pm yesterday. CoinsBank’s 24 hour volume was $4,662,460.

The average price on the surveyed exchanges, as weighed by volume, was $2,486.90.

Volatility was a bit lower than average, with our index coming in at 47.3. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 14 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.