Crypto Markets Halt Sell-Off, Litecoin Gains A Key Bank Alliance

Investing, News | July 11, 2018 By:

The price plunges of Tuesday have found an apparent floor this morning, as yesterday’s sell-off has halted in the top ten coins.

At mid-morning, bitcoin sat at the $6,400 level, up percentage points over the past 24 hours after a steep drop. It was a mixed bag elsewhere in the top ten, with small gains and losses.

The outlier on the day was Litecoin, which spiked 3.5 percent on news that its partner, TokenPay, has aligned with Germany’s WEG Bank. TokenPay is a strategic partner of the Litecoin Foundation, which many anticipate will be a boost for Litecoin’s transactional capabilities into new outlets.

Bitcoin market highlights for the 24 hours ending July 11, 2018 at 1:00 pm US Eastern Time

The highest price seen was $6,792.74 on the CoinsBank exchange at 3:25 pm yesterday. CoinsBank saw $14,257,900 of bitcoin change hands.

The lowest price seen was $6,278.69 on Simex’s exchange at 2:37 am today. Simex’s 24 hour volume was $43,532,500.

The average price on the surveyed exchanges, as weighed by volume, was $6,389.23.

Volatility was lower than average, with the BlockTribune Volatility Index coming in at 41.6. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 16 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.