Crypto Markets Get Weekend Bump, But Profit-Takers Deflate Early On Monday

Investing, News | September 24, 2018 By:

A weekend rally that saw bitcoin and other cryptocurrencies strongly rise has fizzled on Monday morning, as short-term thinking profit-takers scooped up some of the sauce.

At mid-morning, bitcoin stood at the $6,600 mark, down from its weekend high of $6,900 on some exchanges. Ether was also down, now sitting at $233 and the rest of the top ten coins also retreating.

Still, prices showed an improvement over this time last week, driving hopes that a rally is waiting to be unleashed.

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

The highest price seen was $6,845.42 on the Cryptonex exchange at 11:07 pm yesterday. Cryptonex saw $18,459,279 of bitcoin change hands.

The lowest price seen was $6,411.49 on Cryptonex’s exchange at 7:31 am today. Cryptonex’s 24 hour volume was $18,459,279.

The average price on the surveyed exchanges, as weighed by volume, was $6,663.04.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 48.2. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 21 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.