Bitcoin Inches Up, While IOTA Boosted By New Audi Alliance

Investing, News | July 26, 2018 By:

Bitcoin inched upward today, as an uncertain market held its breath and waits to see which way momentum breaks after this week’s strong run-up. At mid-morning, bitcoin was just under the $8,100 mark, or about a one percent gain in the last 24 hours.

The rest of the market was mostly cautious, with most cryptos within a one percent gain/loss range on the day. The outliers were Stellar, still benefitting from a new payments platform alliance, and IOTA, up more than six percent on news of its partnership with the Audi Think Tank, a route to learn how automakers approach innovation and development. IOTA will focus on incorporating its Tangle into a new mobility solution backed by Audi.

Bitcoin market highlights for the 24 hours ending July 26, 2018 at 1:00 pm US Eastern Time

The highest price seen was $8,450.71 on the CoinsBank exchange at 3:13 am today. CoinsBank saw $18,711,400 of bitcoin change hands.

The lowest price seen was $8,032.51 on Bit-Z’s exchange at 3:07 pm yesterday. Bit-Z’s 24 hour volume was $19,107,900.

The average price on the surveyed exchanges, as weighed by volume, was $8,200.93.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 46.6. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 17 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.