Bitcoin Rally Cools, As Markets Suffer Overnight Sell-Off

Investing, News | February 21, 2018 By:

An overnight sell-off brought down the prices of bitcoin and the rest of the top ten digital currencies, as the crypto market rally hit a speed bump.

Bitcoin was trading at $10,690 per single coin at mid-morning, down slightly over nine percent from yesterday. Still, that steep drop paled next to that of the rest of the top ten, with double digit red arrows the norm. Bitcoin Cash ($1299) and Litecoin ($211) were particularly hard hit, both down more than 14 percent.

Bitcoin market highlights for the 24 hours ending February 21, 2018 at 1:00 pm U.S. Eastern Time

The highest price seen was $11,828.00 on the Coinbene exchange at 5:36 pm yesterday. Coinbene saw $157,558,000 of bitcoin change hands.

The lowest price seen was $10,338.00 on Bitfinex’s exchange at 11:54 am today. Bitfinex’s 24 hour volume was $861,627,000.

The average price on the surveyed exchanges, as weighed by volume, was $11,067.70.

Volatility was a bit above average, with the BlockTribune Volatility Index coming in at 57.0. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 9 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.