Bitcoin Continues Sideways March, As Cryptocurrency Markets Stay Locked

Investing, News | January 15, 2018 By:

Bitcoin continued on its march to nowhere this morning, holding in the $14,000 per single coin range. BTC has been trading in that range for the last week, as a lull has hit the overall market.

Other cryptocurrencies in the market cap top ten were down slightly, with the exception of Cardano, which has surged into the upper echelons. Today is no exception, as it’s trading at $0.838473, up close to ten percent. NEM ($1.45) and Stellar $0.647622) were also up strongly, perhaps a sign that bargain hunters were looking to pick up a big stake in a growing digital currency.

Bitcoin market highlights for the 24 hours ending January 15, 2018 at 1:00 pm U.S. Eastern Time

The highest price seen was $14,872.00 on the LakeBTC exchange at 9:12 am today. LakeBTC saw $43,363,300 of bitcoin change hands.

The lowest price seen was $13,150.10 on OKEx’s exchange at 3:12 pm yesterday. OKEx’s 24 hour volume was $531,055,000.

The average price on the surveyed exchanges, as weighed by volume, was $13,746.01.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 43.5. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 12 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.