Bitcoin Prices Continue On The Down Slope, As All Top Ten Coins In Red

Investing, News | May 18, 2018 By:

Bitcoin continues to cling to life above the $8,000 mark, as the price erosion of the last week ebbed today. As of mid-morning, bitcoin prices were around $8,100 per single coin, down close to two percent from yesterday.

The rest of the cryptocurrency market mimicked that slow-motion swanning. The top ten coins also were in the red, suffering losses ranging from two percent to more than six percent.

Bitcoin market highlights for the 24 hours ending May 18, 2018 at 1:00 pm U.S. Eastern Time

The highest price seen was $8,449.22 on the Simex exchange at 1:06 pm yesterday. Simex saw $48,147,700 of bitcoin change hands.

The lowest price seen was $8,211.26 on Huobi’s exchange at 2:06 pm yesterday. Huobi’s 24 hour volume was $105,525,000.

The average price on the surveyed exchanges, as weighed by volume, was $8,257.46.

Volatility was lower than average, with the BlockTribune Volatility Index coming in at 34.1. 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.