October is historically a scary month. Yes, there’s Halloween, but it’s also the period when the US Great Depression began with a resounding stock crash. Those antecedents may explain the recent caution in the cryptocurrency market, which has stalled in a comfortable rut for the last week.
Above-average pricing volatility continued today for legacy bitcoin (BTC), as it held firm to a near $4,300 level price for a single coin at mid-day.
The Block Tribune Volatility Index, which measures pricing swings in legacy bitcoin, sat at BTVI 58.1, indicating above-average volatility in the last 24 hours.
A slight retreat in the legacy bitcoin (BTC) market happened on Tuesday. Single-coin prices had risen as high as $4,400 on some exchanges in the last 24-hours, but at mid-day today, they were down to the $4,130 level.
Still, it’s been a remarkable few days for BTC,
Some profit-taking marked today’s cryptocurrency activity at mid-day, as legacy bitcoin (BTC) pricing dropped slightly, down about two percent to the $3,323 single-coin level. Other cryptocurrencies were mostly down, with a few performers out-doing the general market.
Bitcoin Cash (BCC) continued to be unusally volatile,
Legacy bitcoin (BTC) held steady, Bitcoin Cash came on strong, and other cryptocurrencies are surging on a green arrow Tuesday. The price rise indicates that investors apparently believe the storm clouds caused by hacks and the bitcoin fork are in the rear-view mirror.
Happy days are here again, or so it would appear for the bitcoin market. Legacy bitcoin (BTC) hit an all-time high today, topping the $3,400 per single coin mark earlier today before giving back some of the gains to sit at $3,331 at mid-day.
The weekend trading was kind to legacy bitcoin (BTC). Today, it set a new all-time high in price volatility on the Block Tribune Volatility Index, which topped the 81.2 mark on Saturday.
Heavy trading boosted the single-coin price of bitcoin BTC above the $3,400 mark today,
Friday’s cryptocurrency trading saw legacy Bitcoin (BTC) up five percent to the $2,850 single-coin price at mid-day, with Bitcoin Cash (BCC) continuing to see-saw and now down to $286 for its single-coin price.
The Block Tribune Volatility Index, which measures pricing swings in legacy bitcoin,
Coinbase, the largest US cryptocurrency exchange, has reversed its position on Bitcoin Cash (BCC). It will now provide support for the new digital coins by January 1, 2018.
The service has also credited user accounts with an amount equal to their current legacy bitcoin (BTC) holdings.
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.