Bitcoin Has a Good Friday, Posts Modest Gains

Investing, News | June 9, 2017 By:

It was a good Friday for bitcoin, as the market started moving up again after a slow couple of days. Prices for a single bitcoin were around $2,855 as of mid-day on several exchanges, a bump from the previous day’s $2,750 level.

The day’s highest single-coin price topped the magic $3,000 mark, a level also attained earlier this week and marking an all-time high for bitcoin.

Friday was a mixed bag for other cryptocurrencies. Ethereum’s ETH was up more than six percent to $273, Dash was at $147, and Monero stayed in the $55 range. Litecoin hovered around $29.73, with Ripple’s XRP down slightly.

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TODAY’S 24-HOUR STATISTICS

Start time = ‘2017-06-08 15:00:01’
End time = ‘2017-06-09 15:00:01′

highest_price=’3082.61′
highest_price_at=’2017-06-09 04:54:00
highest_price_exchange=’Allcoin’
highest_price_exchange_volume=‘2860490’
highest_volume_exchange=’BitMEX’
highest_volume_exchange_volume=’71419800′

lowest_price=’2634.42′
lowest_price_at=’2017-06-08 15:24:00′
lowest_price_exchange=’xBTCe’
lowest_price_exchange_volume=’3231360′
lowest_volume_exchange=’Allcoin’
lowest_volume_exchange_volume=‘2860490’

weighted_average_price=’2801.40′
today’s price standard deviation = ‘28.01’
today’s standard deviation z-score = ‘-0.50’

The above information was culled and consolidated from 14 different exchanges. It includes exchanges where USD/BTC is traded and only those exchanges that had at least 1% of the total volume of USD/BTC trades during the measurement period.

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Buoyed by the arrival of the long-awaited decision to make changes to expands its blocks, the bitcoin markets had revved in mid-May. Bitcoin has doubled in price since it first topped $1300 in March. After a brief dip into $900 territory, it’s been mostly blue skies and elevating price levels ever since.

Increased worldwide trading, Japan’s legalization of bitcoin as a monetary unit, Korea’s startup frenzy, and improved outlooks from Russia and India toward easing regulations in those countries have been cited as reasons for the long-term rally.