Bitcoin And Other Cryptocurrencies Continue In Narrow Range Trading

Investing, News | July 30, 2018 By:

The dog days of summer are here (well, at least in the northern hemisphere). That means it’s time for vacation, outdoor activities, and a cryptocurrency market that appears content to hunker down in a narrow range.

At mid-morning, bitcoin was at the $8,100 level, down slightly from the end of last week after a brief weekend dip. It’s been trading in that range for the last week, and barring a black swan event in the wild, likely has settled into a niche that awaits the next big momentum swing.

What activity there was in the top ten coins centered on profit-taking, as all altcoins were down from one to four percent. The outlier was Stellar, as investors took profits after last week’s sharp run-up.

Bitcoin market highlights for the 24 hours ending July 30, 2018 at 1:00 pm US Eastern Time

The highest price seen was $8,380.78 on the CoinsBank exchange at 10:13 pm yesterday. CoinsBank saw $18,692,858 of bitcoin change hands.

The lowest price seen was $7,814.49 on CoinsBank’s exchange at 9:25 pm yesterday. CoinsBank’s 24 hour volume was $18,692,858.

The average price on the surveyed exchanges, as weighed by volume, was $8,184.83.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 43.9. 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.