Bitcoin Price Plunge Contagion Spreads, With Red Arrows All Aroundbr>
Downward momentum continued today for bitcoin and other cryptocurrencies, as the plunge in price gained momentum in the last 24 hours. At mid-morning, bitcoin sits at the $8,200 level per single coin, down more than three percent in the last day.
The rest of the market fared no better, with Bitcoin Cash and EOS both down more than eight percent. None of the top 20 coins showed a gain on the day, a true rarity.
Bitcoin market highlights for the 24 hours ending May 16, 2018 at 1:00 pm US Eastern Time
The highest price seen was $8,591.82 on the HitBTC exchange at 4:06 pm yesterday. HitBTC saw $66,595,800 of bitcoin change hands.
The lowest price seen was $8,108.38 on OKEx’s exchange at 11:06 pm yesterday. OKEx’s 24 hour volume was $310,157,000.
The average price on the surveyed exchanges, as weighed by volume, was $8,355.53.
Volatility was a bit above average, with the BlockTribune Volatility Index coming in at 55.2. A higher number indicates greater price volatility with 50 describing an average day.
These statistics were consolidated from 10 different exchanges. It includes only 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.