Bitcoin Still Down, But Other Cryptocurrencies In Top Ten Rally

Investing, News | April 26, 2018 By:

Bitcoin was still under the weather this morning. After a massive plunge from the $9,700 level to yesterday’s $8,900, the legacy digital currency continued to sag today. Bitcoin was down to $8,800 per single coin, shrinking slightly less than two percent from Wednesday’s tally.

The good news is that there is apparently a floor on this latest pullback. The bad news is that it appeared bitcoin was ready for a breakout before its massive decline of the last two days, leaving naysayers claiming the gains were a sucker’s rally.

Marching in the opposite direction were the rest of the top ten currencies, with most recovering about one to three percent of values. The outlier was Stellar, which grew a robust 11 percent over the last 24 hours. No immediate indicator accounts for that gain, but Stellar has been on the move lately, and appears poised to gain in the market cap race.

Bitcoin market highlights for the 24 hours ending April 26, 2018 at 1:00 pm U.S. Eastern Time

The highest price seen was $9,250.46 on the HitBTC exchange at 6:12 pm yesterday. HitBTC saw $68,354,200 of bitcoin change hands.

The lowest price seen was $8,677.29 on OKEx’s exchange at 8:30 pm yesterday. OKEx’s 24 hour volume was $399,854,000.

The average price on the surveyed exchanges, as weighed by volume, was $8,908.84.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 49.9. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 8 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.