Bitcoin Holds Just Short of $4,000 Mark

Investing, News | September 26, 2017 By:

The $4,000 single-coin price for legacy bitcoin (BTC) is again within sight, but prices stalled just short of that mark at mid-day on Tuesday.

After a good run-up to start the week, the market took a breath today, with gains and losses of two percent or less in the top ten cryptocurrencies. Ethereum’s ether was at $288, down one percent, the lone mid-day loser. But no other currency broke out.

Bitcoin Cash (BCC) was at $447, up less than one percent; Ripple XRP was at $0.182871, also up less than a point; Litecoin was up about two percent to $52, while Dash ($342) and Monero ($94) both had incremental gains.

The Block Tribune Volatility Index, which measures price swings in bitcoin, reflected the standstill. It was down to BTVI 41.2, indicating a well below-average day over the last 24 hours.


Bitcoin market highlights for the 24 hours ending September 26, 2017 at 3:00 pm U.S. Eastern Time

The highest price seen was $4,214.50 on the LakeBTC exchange at 8:06 am today. LakeBTC saw $9,055,960 of bitcoin change hands.

The lowest price seen was $3,845.25 on Bittrex’s exchange at 1:42 am today. Bittrex’s 24 hour volume was $18,353,100.

The average price on the surveyed exchanges, as weighed by volume, was $3,928.74.

Volatility was lower than average, with the BlockTribune Volatility Index coming in at 41.2. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 10 different exchanges. It includes only USD/BTC trades and only on those exchanges that had at least 1% of the total volume of USD/BTC trades during the measurement period.