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.

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TODAY’S 24-HOUR BITCOIN STATISTICS

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.