Crypto Markets Flat, But Stellar Is The Star Of The Day

Investing, News | October 17, 2018 By:

It’s been a sideways day so far for most of the cryptocurrency market, with price movement mixed in a narrow range.

The big early winner was Stellar Lumens, which is riding a wave of new enthusiasm thanks to its just-announced partnership with the Hyperion digital currency trading platform, opening up new potential and awareness. Stellar was up more than seven percent at mid-day on heavy volume.

Hyperion is an SEC-licensed alternative trading system (ATS), and has a strategic investment in the Delaware Board of Trade (DBOT).

Its partnership with new Stellar offshoot Interstellar may be the first of many positive developments to boost the coin, which has been seen as a payments system rival to Ripple’s XRP

Elsewhere in early trading, results were mixed, with most coins moving in one point directions.

Bitcoin market highlights for the 24 hours ending October 17, 2018 at 1:00 pm US Eastern Time

The highest price seen was $6,980.93 on the Simex exchange at 3:43 pm yesterday. Simex saw $42,390,004 of bitcoin change hands.

The lowest price seen was $6,395.84 on Simex’s exchange at 5:55 am today. Simex’s 24 hour volume was $42,390,004.

The average price on the surveyed exchanges, as weighed by volume, was $6,566.09.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 46.7. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 23 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.