Bitcoin Holding On, But Crypto Markets Generally Slump

Investing, News | August 30, 2018 By:

Bitcoin and other cryptocurrencies in the top ten continued a soft descent today, with prices down two to as much as seven percent in the top ten coins.

As of mid-morning, bitcoin was in the $6,800 per single coin range, down slightly more than two percent over the last 24 hours after rising as high as $7,200 on Wednesday. That plunge was mirrored in its altcoin trailers, as the air is being slowly let out of the recent rally by short-term profit-takers.

The big loser on the day was IOTA, down slightly more than seven percent. The coin had a recent run-up thanks to a deal with Japanese giant Fujitsu, but the momentum from that appears to be ended.

Bitcoin market highlights for the 24 hours ending August 30, 2018 at 1:00 pm US Eastern Time

The highest price seen was $7,192.17 on the Cryptonex exchange at 9:13 pm yesterday. Cryptonex saw $20,282,729 of bitcoin change hands.

The lowest price seen was $6,652.87 on Cryptonex’s exchange at 9:13 am today. Cryptonex’s 24 hour volume was $20,282,729.

The average price on the surveyed exchanges, as weighed by volume, was $6,969.06.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 47.9. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 20 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.