Bitcoin And Other Cryptos Continue To Rise, As Market Momentum Stays Green

Investing, News | July 4, 2018 By:

There were no fireworks in the July 4 cryptocurrency markets, but momentum continued upward on the day. At mid-morning, bitcoin was at $6,600 per single coin, a rise of 1.5 percent over the last 24 hours.

Bitcoin topped $7,100 on at least one exchange, with a floor of $6,400 on at least one exchange.

The rest of the market also inched up, continuing the positive momentum of the last week despite lower volume caused by the US mid-week holiday.

Bitcoin bottomed out last week in the upper $5000 range, and has been slowly rising since then, with frequent stalls of a day or more. Similarly, the rest of the market is moving at a snail’s pace, gaining two percent or less per day, with occasional breakouts by individual coins that have good news to share on additional exchanges or new alliances. Barring a black swan event, that may be the norm for some time, unless institutional investors plunge in significantly.

Bitcoin market highlights for the 24 hours ending July 4, 2018 at 2:30 pm US Eastern Time

The highest price seen was $7,136.42 on the DigiFinex exchange at 9:19 am today.  DigiFinex saw $43,576,000 of bitcoin change hands.

The lowest price seen was $6,403.11 on CoinsBank’s exchange at 7:13 am today.  CoinsBank’s 24 hour volume was $17,902,300.

The average price on the surveyed exchanges, as weighed by volume, was $6,619.06.

Volatility was a bit above average, with the BlockTribune Volatility Index coming in at 51.7.  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.