Bitcoin Gains Slightly As Nervous Investors Eye Trading Volatility

Investing, News | April 10, 2018 By:

Depending on which cryptocurrency exchange you have your investments in, yesterday was either a good day or terrible. That’s because bitcoin has never been more volatile, rocketing as high as $7,500 per single coin or as low as $6,000 per single coin on the Block Tribune Volatility Index.

Right now, it’s quiet out there in the cryptocurrency markets. As they used to say in those old Westerns, maybe a little too quiet.  The markets basically were stalled at mid-morning, thought trending upward slightly in most cases.

Bitcoin was hovering at the $6,800 price per single coin, up slightly from Monday. Similarly, the rest of the top ten coins bumped three percent or less, as nervous investors again pulled on the reins and watched their peers to see which way the arrows point. After the wild ride of the last 24 hours, anything is possible.

Bitcoin market highlights for the 24 hours ending April 10, 2018 at 1:00 pm U.S. Eastern Time

The highest price seen was $7,546.79 on the Simex exchange at 11:48 am today. Simex saw $34,248,600 of bitcoin change hands.

The lowest price seen was $6,008.64 on Simex’s exchange at 4:42 pm yesterday. Simex’s 24 hour volume was $34,248,600.

The average price on the surveyed exchanges, as weighed by volume, was $6,747.51.

Volatility was lower than average, with the BlockTribune Volatility Index coming in at 39.4. 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.