Bitcoin Is Holding On, As Top Ten Cryptocurrencies Struggle

Investing, News | August 20, 2018 By:

The cryptocurrency market was holding firm today, with most of the top ten coins within a percent or two of Friday’s closing prices.

At mid-morning, bitcoin sat at the $6,400 level, down slightly from its weekend high, but in no apparent danger of a plunge. Volume was extremely low over the last 24 hours. as summer vacations took precedence over day trading.

Ethereum’s brief rally ended, as ether sank back below the magic $300 mark to $290 on Monday morning. The rest of the market was a mixed bag, with gainers just slowing percentage point bumps and losers in the one to three percent range.

Bitcoin market highlights for the 24 hours ending August 20, 2018 at 1:00 pm US Eastern Time

The highest price seen was $6,644.23 on the Cryptonex exchange at 5:31 pm yesterday. Cryptonex saw $19,859,102 of bitcoin change hands.

The lowest price seen was $6,166.64 on Cryptonex’s exchange at 2:25 pm yesterday. Cryptonex’s 24 hour volume was $19,859,102.

The average price on the surveyed exchanges, as weighed by volume, was $6,455.45.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 43.8. 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.