Bitcoin and Crypto Markets Stagnant As Investors Are Wary Of Change

Investing, News | May 30, 2018 By:

The cryptocurrency markets were back in hibernation mode today, as most of the top ten coins showed little price movement. It’s a sign of uncertainty in the market, as several technological hurdles are tantalizingly close to market, but still not at the finish line.

At mid-morning, bitcoin held at the $7,300 mark, a less than zero percentage point move down in the last 24 hours. Others in the top ten coins were in the same range, with most down incrementally. There was also wide price variances, depending on which exchange you were monitoring, indicating some parts of the world were more optimistic on a rally than others.

Bitcoin market highlights for the 24 hours ending May 30, 2018 at 1:00 pm U.S. Eastern Time

The highest price seen was $8,577.92 on the Simex exchange at 2:25 pm yesterday. Simex saw $36,613,000 of bitcoin change hands.

The lowest price seen was $6,962.17 on Simex’s exchange at 2:01 pm yesterday. Simex’s 24 hour volume was $36,613,000.

The average price on the surveyed exchanges, as weighed by volume, was $7,478.25.

Volatility was lower than average, with the BlockTribune Volatility Index coming in at 41.8. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 16 different exchanges. It includes only BTC/USD trades and only on those exchanges that had at least 1% of the total volume of BTC/USD trades during the measurement period.