Bitcoin Continues Surging, Briefly Over The $8k Barrier – But Other Coins Lag

Investing, News | July 23, 2018 By:

Bitcoin is again on the march, briefly touching the $8,000 mark on at least one exchange in the last 24 hours.

The legacy BTC was sitting at the $7,700 mark as of mid-morning. But the rising tide failed to lift all of the boats, as the rest of the top ten coins continued in negative territory, losing two to three percent over the last 24 hours.

Naturally, optimism flowed as bitcoin continues to gain. Many pundits are predicting a large bull run that will continue through the end of the year. Whether that’s based in anything more than hopes and wishes is hard to say, but the recent strong performance and the hope that bitcoin has made it through its toughest times remains gospel for many investors.

Bitcoin market highlights for the 24 hours ending July 23, 2018 at 1:00 pm US Eastern Time

The highest price seen was $8,088.96 on the DigiFinex exchange at 3:55 am today. DigiFinex saw $51,677,800 of bitcoin change hands.

The lowest price seen was $7,213.59 on CoinsBank’s exchange at 5:55 pm yesterday. CoinsBank’s 24 hour volume was $19,378,600.

The average price on the surveyed exchanges, as weighed by volume, was $7,625.35.

Volatility was a bit above average, with the BlockTribune Volatility Index coming in at 55.7. 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.