Crypto Markets Find A Floor, Start Inching Upward

Investing, News | July 13, 2018 By:

Thursday’s price retreat has turned into Friday’s price rally in the cryptocurrency markets, as investors looked to scoop up some bargains.

At mid-morning, bitcoin was at the $6,200 per single coin level, up a little more than one percent over yesterday. Although it was a minor bump, the green arrows halted any fears of a dramatic sell-off, and set the tone for the rest of the top ten coins. Bitcoin Cash, EOS, Stellar, Cardano and IOTA all showed gains of two percent or more, impressive in a mid-summer market.

Bitcoin market highlights for the 24 hours ending July 13, 2018 at 1:00 pm US Eastern Time

The highest price seen was $6,590.00 on the Livecoin exchange at 8:31 am today. Livecoin saw $12,260,000 of bitcoin change hands.

The lowest price seen was $6,088.89 on CoinsBank’s exchange at 6:49 pm yesterday. CoinsBank’s 24 hour volume was $12,804,000.

The average price on the surveyed exchanges, as weighed by volume, was $6,242.54.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 44.4. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 19 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.