Bitcoin Turns The Sour Into Sweet As Crypto Markets Reverse

Investing, News | August 15, 2018 By:

The Tuesday cryptocurrency market crash took a strong bounce off the bottom in the last 24 hours, sharply reversing the downward trend and turning the red arrows in the top ten coins green.

At mid-morning, bitcoin was up nearly six percent to $6,400. Trading volume was down from yesterday, indicating that the climb back up is being driven by bargain hunters, at least for now.

The rest of the news in the market was equally powerful. Ether, XRP and Bitcoin Cash, all battered in the last day, rose impressively, with ether and XRP gaining double digits in the last 24 hours. Litecoin was also a strong gainer, rising nearly 10 percent over the last day.

Bitcoin market highlights for the 24 hours ending August 15, 2018 at 1:00 pm US Eastern Time

The highest price seen was $6,626.64 on the Simex exchange at 12:25 pm today. Simex saw $58,741,187 of bitcoin change hands.

The lowest price seen was $6,013.60 on Bitfinex’s exchange at 2:07 pm yesterday. Bitfinex’s 24 hour volume was $389,799,045.

The average price on the surveyed exchanges, as weighed by volume, was $6,249.61.

Volatility was a bit above average, with the BlockTribune Volatility Index coming in at 55.3. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 16 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.