Bitcoin Cash, Litecoin Up Strongly In Mixed Crypto Market

Investing, News | September 27, 2018 By:

The crypto markets showed a rare mix of results today. Instead of moving up or down in lockstep, the top ten coins were split in their results.

While bitcoin was holding serve at the $6,500 level, Bitcoin Cash was exploding. In early morning trading, Bitcoin Cash was up 21 percent, sitting around $563 per coin. The great leap forward was attributed to mining company Bitmain announcing plans for an initial public offering (IPO) on the Hong Kong stock exchange. Although Bitcoin Cash has no direct relationship to Bitmain, its community are strongly aligned with mining, as Bitcoin Cash represents a long-sought fork from bitcoin.

Elsewhere in the top ten, Litecoin was performing strongly, up more than seven percent and topping the $61 mark for the first time in ages, most of it attributed to a strong bull sentiment based on Litecoin being added to SFOX, a cryptocurrency prime dealer for high-volume traders and institutional investors.

Bitcoin market highlights for the 24 hours ending September 27, 2018 at 1:00 pm US Eastern Time

The highest price seen was $6,646.74 on the Cryptonex exchange at 1:49 pm yesterday. Cryptonex saw $19,595,380 of bitcoin change hands.

The lowest price seen was $6,255.88 on Cryptonex’s exchange at 4:19 am today. Cryptonex’s 24 hour volume was $19,595,380.

The average price on the surveyed exchanges, as weighed by volume, was $6,494.90.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 45.0. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 24 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.