Bitcoin Holds Its Gains, But Crypto Price Rally Remains Fragile

Investing, News | March 21, 2018 By:

Bitcoin sustained its rally today, as the legacy cryptocurrency hit a high of $9,100 per single coin by mid-morning. The drive sustained its climb out of the depths from last weekend, when it plunged as low as $7,300.

One down note – momentum is fragile right now, so prices for bitcoin and other cryptocurrencies remain unclear for the short-term. The rally has slowed considerably, with some of the top ten coins already sliding back into the red zone.

Bitcoin market highlights for the 24 hours ending March 21, 2018 at 1:00 pm U.S. Eastern Time

The highest price seen was $9,174.87 on the Binance exchange at 11:54 am today. Binance saw $384,217,000 of bitcoin change hands.

The lowest price seen was $8,773.00 on Bitfinex’s exchange at 1:36 pm yesterday. Bitfinex’s 24 hour volume was $433,652,000.

The average price on the surveyed exchanges, as weighed by volume, was $8,983.68.

Volatility was lower than average, with the BlockTribune Volatility Index coming in at 40.0. 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.