Overall Market Holds Steady, Bitcoin Cash Still Volatile

Investing, News, Uncategorized | August 3, 2017 By:

Legacy bitcoin (BTC) held on at the $2,700 single-coin price level today, as upstart Bitcoin Cash continued to exhibit extreme volatility.

Bitcoin Cash (BCC), which yesterday was trading as low as the $300 levels after a high of $700, rebounded today to the $430 single-coin pricing mark at mid-day.

The Block Tribune Volatility Index, which measures pricing swings in legacy bitcoin, sat at BTVI 43.4 on Wednesday. Today, it climbed slightly to BTVI 45.5 mark, still indicating below-average volatility.

Many exchanges and ATMs started coming back online today, as the initial shockwave of the Tuesday hard fork began to wear off.

Ethereum’s ETH sat at $225 today, continuing a strong rebound. Litecoin ($42) and Dash ($187) were up incrementally, while Monero ($43) and Ripple’s XRP ($0.174582) were both down slightly at mid-day.

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TODAY’S 24-HOUR BITCOIN STATISTICS

Bitcoin market highlights for the 24 hours ending August 3, 2017 at 4:10 pm U.S. Eastern Time

The highest price seen was $2,810.94 on the Bittrex exchange at 4:06 pm today. Bittrex saw $9,418,170 of bitcoin change hands.

The lowest price seen was $2,630.00 on CoinsBank’s exchange at 6:36 pm yesterday. CoinsBank’s 24 hour volume was $5,356,530.

The average price on the surveyed exchanges, as weighed by volume, was $2,723.18.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 45.5. 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.