Bitcoin And Other Cryptocurrencies Showing Some Green Shoots

Investing, News | August 24, 2018 By:

Bitcoin and the rest of the top ten cryptocurrency markets had a blip of a rally today, with several coins showing incremental gains that halted the general downward trend of the last few days.

At mid-morning, bitcoin was sitting at the $6,500 level, a slightly less than one percent gain. Volume was way down on the day, indicating either uncertainty or a market distracted by the final days of summer in the northern hemisphere.

The rest of the top ten coins gained or lost under one percent. The weekend may wake up a few day-traders, so expect some movement in the short-term.

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

The highest price seen was $6,681.77 on the Cryptonex exchange at 7:31 am today. Cryptonex saw $19,000,310 of bitcoin change hands.

The lowest price seen was $6,234.50 on Cryptonex’s exchange at 3:55 pm yesterday. Cryptonex’s 24 hour volume was $19,000,310.

The average price on the surveyed exchanges, as weighed by volume, was $6,496.07.

Volatility was lower than average, with the BlockTribune Volatility Index coming in at 41.5. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 19 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.