Crypto Markets Continue Narrow Trading Range Moves

Investing, News | October 10, 2018 By:

If you’re looking for excitement, the cryptocurrency markets for the last week or so haven’t been the place to be. Today was no exception, as the top ten coins were generally down by less than two percent. That continues a pattern of slight bumps in either direction.

At mid-morning, bitcoin stood at $6,500 per single coin on moderate trading volume. That was a less than one percent decline over the last 24 hours, but within the small range of the last week.

Similarly, the rest of the market was red arrows, with Ripple XRP and Stellar both down slightly more than two percent, as enthusiasm run-ups in their prices borne by new announcements deflate.

Bitcoin market highlights for the 24 hours ending October 10, 2018 at 1:00 pm US Eastern Time

The highest price seen was $6,786.71 on the Cryptonex exchange at 7:49 pm yesterday. Cryptonex saw $37,098,090 of bitcoin change hands.

The lowest price seen was $6,366.43 on Cryptonex’s exchange at 1:55 am today. Cryptonex’s 24 hour volume was $37,098,090.

The average price on the surveyed exchanges, as weighed by volume, was $6,576.09.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 48.9. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 28 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.