Bitcoin Bears Are Roaring As Crypto Markets In Major June Swoon

Investing, News | June 22, 2018 By:

Look out, below. Bitcoin and other cryptocurrencies are in major retreat this morning, with single coin prices falling off a cliff after a brief rally in mid-week.

At mid-morning, bitcoin was at $6,100, with ethereum at $475 and Bitcoin Cash at $771. Price graphs resembled an airplane being shot out of the sky.

Pundits now fear a major bear market, with some predicting price plunges as low as $5,000 per single coin over the weekend. The top ten coins were all down between six and twelve percent on the morning, and momentum was decidedly on the down slope. Buckle up.

Bitcoin market highlights for the 24 hours ending June 22, 2018 at 1:00 pm US Eastern Time

The highest price seen was $6,865.69 on the DigiFinex exchange at 6:49 pm yesterday. DigiFinex saw $34,171,100 of bitcoin change hands.

The lowest price seen was $6,066.99 on Simex’s exchange at 9:43 am today. Simex’s 24 hour volume was $75,491,100.

The average price on the surveyed exchanges, as weighed by volume, was $6,494.80.

Volatility was unusually high, with the BlockTribune Volatility Index coming in at 71.3. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 17 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.