Bitcoin and Other Digital Currencies Stuck In Sideways Market
Bitcoin and other cryptocurrencies continued in a holding pattern today in advance of the holiday weekend, as momentum remains unclear on the upside/downside of the market.
So far, the impact of such developments as the Twitter advertising ban, the continued warnings from regulators, particularly in Japan, security concerns and problems at Litecoin have apparently kept investors cautious but not panicked.
Bitcoin market highlights for the 24 hours ending March 28, 2018 at 1:00 pm U.S. Eastern Time
The highest price seen was $8,291.73 on the HitBTC exchange at 6:00 am today. HitBTC saw $45,750,200 of bitcoin change hands.
The lowest price seen was $7,739.60 on Bitfinex’s exchange at 8:36 pm yesterday. Bitfinex’s 24 hour volume was $337,661,000.
The average price on the surveyed exchanges, as weighed by volume, was $7,945.51.
Volatility was lower than average, with the BlockTribune Volatility Index coming in at 40.9. A higher number indicates greater price volatility with 50 describing an average day.
These statistics were consolidated from 8 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.
