Bitcoin’s Wild Weekend Continues Today, As Crypto Market Volatility Rules

Investing, News | March 19, 2018 By:

Bitcoin is no country for old men or the extremely nervous. Never was that more on display than over the last week, when the legacy cryptocurrency went as low as the $7,300 mark on some exchanges.

At mid-morning, bitcoin is sitting at $8,400 after hitting as high as $8,700 on some exchanges. The wild swings in price and attitude were particularly sharp this weekend, with price fluctuations riding extreme highs and lows.

The overall cryptocurrency market is in recovery mode with Cardano and Stellar booming, each gaining well over 30 percent today. Old guard ETH and Litecoin are way down from their former highs, struggling to gain momentum and having a long climb to do so. Bitcoin Cash is also on the way back up, climbing 13 percent this morning, but now under $1,000 per single coin.

Bitcoin market highlights for the 24 hours ending March 19, 2018 at 1:00 pm U.S. Eastern Time

The highest price seen was $8,715.45 on the Gemini exchange at 10:24 am today. Gemini saw $73,164,000 of bitcoin change hands.

The lowest price seen was $7,350.00 on Kraken’s exchange at 1:12 pm yesterday. Kraken’s 24 hour volume was $153,902,000.

The average price on the surveyed exchanges, as weighed by volume, was $8,176.82.

Volatility was greater than average, with the BlockTribune Volatility Index coming in at 58.7. 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.