Bitcoin Down, Dragging Rest of Market Into Retreat Mode

Investing, News | March 26, 2018 By:

The cryptocurrency market is in retreat, led by bitcoin’s $1000 plunge since late last week. At mid-morning, bitcoin was down to the $8,100 level after a weekend sell-off.

The rest of the market followed, retreating five to ten percent this morning. The up-and-down continues digital currency’s rocky 2018 start, with momentum dying after minor rallies.

Bitcoin market highlights for the 24 hours ending March 26, 2018 at 1:00 pm U.S. Eastern Time

The highest price seen was $8,868.95 on the HitBTC exchange at 3:18 pm yesterday. HitBTC saw $46,801,400 of bitcoin change hands.

The lowest price seen was $8,023.60 on Bitfinex’s exchange at 10:42 am today. Bitfinex’s 24 hour volume was $355,680,000.

The average price on the surveyed exchanges, as weighed by volume, was $8,389.06.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 48.2. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 8 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.