Bitcoin Rises As Market Shows Glimmers of Optimism In Trading

Investing, News | June 19, 2018 By:

The cryptocurrency market stirred today. While there was no major blast-off, the top ten coins were trending in the right direction, with gains from one to three percent the general rule.

Bitcoin was at the $6,700 level again, albeit up one-and-a-half percent over the last 24 hours. The outlier in the top ten was ether, which is up a robust four percent and change as confidence grows in the developer community following last week’s positive SEC statements.

While the overall market has a long way to go before genuine excitement comes back, today’s trading at least showed there is a glimmer of optimism still alive among investors.

Bitcoin market highlights for the 24 hours ending June 19, 2018 at 1:00 pm US Eastern Time

The highest price seen was $6,957.37 on the DigiFinex exchange at 9:19 am today. DigiFinex saw $17,726,600 of bitcoin change hands.

The lowest price seen was $6,353.65 on BitForex’s exchange at 5:01 am today. BitForex’s 24 hour volume was $15,594,100.

The average price on the surveyed exchanges, as weighed by volume, was $6,766.41.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 42.5. 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.