Bitcoin and Other Cryptocurrencies Continue to Slide

Investing, News | June 13, 2018 By:

Downward momentum continued today, as bitcoin plunged to the $6,300 level and the rest of the market followed. The red arrow rout that began on the weekend now has taken on a life of its own, as nervous investors bail in what is shaping up to be a grim decline.

Bitcoin market highlights for the 24 hours ending June 13, 2018 at 1:00 pm U.S. Eastern Time

The highest price seen was $6,835.65 on the Simex exchange at 1:25 pm yesterday. Simex saw $42,240,400 of bitcoin change hands.

The lowest price seen was $6,418.50 on Huobi’s exchange at 11:37 pm yesterday. Huobi’s 24 hour volume was $86,931,300.

The average price on the surveyed exchanges, as weighed by volume, was $6,608.14.

Volatility was nearly average, with the BlockTribune Volatility Index coming in at 50.5. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 14 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.