Bitcoin Soars Past The $8,000 Mark, Jolting Slumbering Altcoinsbr>
Bitcoin continued gaining this morning, vaulting over the $8,100 mark by mid-morning in a robust rise of close to six percent over the last 24 hours.
In a reversal of recent trends, the rest of the market followed the leader. Bitcoin Cash was up more than six percent, while most of the top ten coins showed gains of two to four percent.
Many have attributed the recent bull run, which has bitcoin up 20 percent on the week, the excitement over a potential ETF approval. The SEC is dithering on that issue, but is expected to rule no later than September on the first of five applications.
A bitcoin ETF would allow people to bypass exchanges, although that would likely require a new learning curve for many who have their wallet tied to accounts at one.
Bitcoin market highlights for the 24 hours ending July 24, 2018 at 1:00 pm US Eastern Time
The highest price seen was $8,702.63 on the DigiFinex exchange at 8:25 am today. DigiFinex saw $88,789,500 of bitcoin change hands.
The lowest price seen was $7,679.75 on C2CX’s exchange at 8:31 pm yesterday. C2CX’s 24 hour volume was $129,261,000.
The average price on the surveyed exchanges, as weighed by volume, was $7,939.97.
Volatility was greater than average, with the BlockTribune Volatility Index coming in at 65.5. A higher number indicates greater price volatility with 50 describing an average day.
These statistics were consolidated from 15 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.