Bitcoin And Other Cryptocurrencies Make A Strong Comeback

Investing, News | September 26, 2018 By:

Bitcoin and other cryptocurrencies in the top ten bounced back strongly over the last 24 hours, avoiding a sustained market plunge after a strong showing over the weekend.

At mid-morning, bitcoin was at the $6,500 level, up about two percent over the last day. Similarly, ether was on the rebound, recovering a bit of ground after soaring as high as the $230 range.

The big winner on the day was Ripple’s XRP, up more than 19 percent. The big boost may have come from news that Japanese ATMs are now allowing XRP conversion to cash, a big step forward for a unit that has largely been used by financial systems instead of consumers.

Bitcoin market highlights for the 24 hours ending September 26, 2018 at 1:00 pm US Eastern Time

The highest price seen was $6,660.09 on the Bitlish exchange at 11:37 am today. Bitlish saw $16,307,850 of bitcoin change hands.

The lowest price seen was $6,174.44 on Cryptonex’s exchange at 3:31 pm yesterday. Cryptonex’s 24 hour volume was $19,025,922.

The average price on the surveyed exchanges, as weighed by volume, was $6,438.67.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 49.5. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 22 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.