Bitcoin Holds The Fort As Crypto Markets Stay Quiet

Investing, News | June 28, 2018 By:

Bitcoin and other cryptocurrencies basically held serve today. Movement among the top ten coins was practically nil, with little momentum or trading volume. That was actually welcome news, given the wild ride of the last week, although tomorrow’s pre-weekend trading usually ramps up the action.

As of mid-morning, bitcoin sat in the $6,100 range, essentially unchanged over the last few days. EOS was down one and a half percent, the only move of significance in the top ten coins. However, Monero had a robust 3.5 percent gain over the last 24 hours, as Atomic Wallet, a non-custodial storage software, said it will add Monero, thereby creating the possibility of atomic swaps, which allow one coin to be exchanged for a different one without an intermediary overseeing the transaction.

Bitcoin market highlights for the 24 hours ending June 28, 2018 at 1:20 pm US Eastern Time

The highest price seen was $6,437.93 on the DigiFinex exchange at 7:25 pm yesterday. DigiFinex saw $24,617,100 of bitcoin change hands.

The lowest price seen was $5,753.87 on CoinsBank’s exchange at 3:55 pm yesterday. CoinsBank’s 24 hour volume was $13,563,900.

The average price on the surveyed exchanges, as weighed by volume, was $6,116.19.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 45.4. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 19 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.