Bitcoin Cash Leads The Wednesday Trade Parade – Other Cryptos Are Flat

Investing, News | April 18, 2018 By:

Every dog has its day, or so the saying goes. Wednesday was Bitcoin Cash’s day, as the fourth-largest cryptocurrency by market cap skyrocketed on a day when most other digital coins languished.

Buoyed by several analyst touts, Bitcoin Cash rose more than 13 percent to $886 per single coin at mid-morning. Whether this is the start of a sustainable run that will return it back above $1,000 remains to be seen, but it was an impressive showing on a day when the rest of the market was flat.

Speaking of which: Legacy bitcoin (BTC) was at $8,116 at mid-morning, a slight shift down from yesterday’s high-water mark of $8,300 on at least one exchange. Bitcoin has teased several rallies over the last few weeks, but has been unable to get over the hump and keep going.

Among other coins, Stellar (up 10 percent) and Monero (up 11 percent) were the only notable outliers, as most coins were flat in 24-hour trade pricing.

Bitcoin market highlights for the 24 hours ending April 18, 2018 at 1:00 pm U.S. Eastern Time

The highest price seen was $8,368.87 on the HitBTC exchange at 3:06 am today. HitBTC saw $54,277,500 of bitcoin change hands.

The lowest price seen was $7,769.82 on Simex’s exchange at 8:06 pm yesterday. Simex’s 24 hour volume was $41,443,300.

The average price on the surveyed exchanges, as weighed by volume, was $8,005.69.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 46.3. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 9 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.