Bitcoin’s July 4 Rally Continues To Skyrocket

Investing, News | July 5, 2018 By:

Bitcoin continued its upward momentum today, sustaining the rally that began earlier this week and renewing some hope that the bottom of the seemingly endless spiral downward has ended.

At mid-morning, bitcoin stood at the $6,700 mark, up percentage points from yesterday, but continuing to move away from the upper $5,000 range that defined the floor of its most recent plunge. The rest of the market was an anomaly, heading downward from points to about four percent in some cases, although ether managed to eke out a percentage points gain.

Is this the top?  Or has bitcoin gotten back on the horse and headed toward glory?

Bitcoin market highlights for the 24 hours ending July 5, 2018 at 1:00 pm US Eastern Time

The highest price seen was $7,049.88 on the DigiFinex exchange at 12:43 pm today. DigiFinex saw $44,499,300 of bitcoin change hands.

The lowest price seen was $6,441.09 on BigONE’s exchange at 12:43 am today. BigONE’s 24 hour volume was $538,248,000.

The average price on the surveyed exchanges, as weighed by volume, was $6,676.02.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 44.6. 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.