Bitcoin Touches The $7,000 Mark As Crypto Rally Continues

Investing, News | July 17, 2018 By:

Hello, old friend. That’s what many bitcoin investors are saying to their computer screens today, as the legacy cryptocurrency actually briefly topped the magic $7,000 mark on at least one exchange.

But yesterday’s cryptocurrency markets rally has slowed today, though not totally extinguished. At mid-morning, bitcoin was still up close to two percent over the last 24 hours, with the majority of the top ten coins showing a percentage points rise.

Given the patterns of recent times, it’s likely a profit-taking retreat is in the offing. But there are an equal number of pundits thumping the tubs for a rally. Whether that’s a ploy to lure more suckers into the tent before cashing out remains to be seen.

Bitcoin market highlights for the 24 hours ending July 17, 2018 at 1:00 pm US Eastern Time

The highest price seen was $7,037.94 on the DigiFinex exchange at 12:37 pm today. DigiFinex saw $36,690,900 of bitcoin change hands.

The lowest price seen was $6,318.69 on CoinsBank’s exchange at 2:01 pm yesterday. CoinsBank’s 24 hour volume was $14,918,500.

The average price on the surveyed exchanges, as weighed by volume, was $6,708.60.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 43.4. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 20 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.