Bitcoin and Other Cryptocurrencies Bounce Back After Down Day

Investing, News | August 17, 2018 By:

The cryptocurrency markets took an encouraging bounce upward today, with most of the top ten coins getting healthy gains.

At mid-morning, bitcoin was up to the $6,500 per single coin range, up one and a half percent in the last 24 hours. Trading volume was moderately high, indicating an awakening market among bargain hunters.

Ethereum continued its comeback, and has now nudged over the $300 mark after trading as low as the $240 range this past week.

Ripple XRP was the morning’s big gainer, sporting an eight percent price rise on news that it has selected Bittrex, Bits and Coin.PH as facilitators of its cross-border payments solution for banks.

Bitcoin market highlights for the 24 hours ending August 17, 2018 at 1:00 pm US Eastern Time

The highest price seen was $6,538.66 on the Simex exchange at 3:19 am today. Simex saw $59,731,960 of bitcoin change hands.

The lowest price seen was $6,244.79 on Bit-Z’s exchange at 5:13 pm yesterday. Bit-Z’s 24 hour volume was $35,723,717.

The average price on the surveyed exchanges, as weighed by volume, was $6,419.72.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 48.6. 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.