Crypto Markets In Turnaround, Heading Back Up After Bleak May

Investing, News | May 31, 2018 By:

It’s turnaround time for the cryptocurrency market. After days of red arrows, the market turned early this morning, and now looks to recover from what’s been an overall bad month for investors.

At mid-morning, bitcoin was slowly climbing back from the valley, up slightly more than three percent to around $7,500 per single coin. That renewed vigor seemed to buoy the rest of the market, as ether, Ripple and Bitcoin Cash has similar boosts. On the eve of the eagerly awaited debut of EOS, that new platform also was up more than three percent, while Cardano rocketed ten percent on news of a new update to the project.

Bitcoin market highlights for the 24 hours ending May 31, 2018 at 1:00 pm U.S. Eastern Time

The highest price seen was $7,969.72 on the CoinsBank exchange at 3:31 am today. CoinsBank saw $12,346,300 of bitcoin change hands.

The lowest price seen was $7,243.55 on B2BX’s exchange at 1:13 pm yesterday. B2BX’s 24 hour volume was $14,254,100.

The average price on the surveyed exchanges, as weighed by volume, was $7,444.63.

Volatility was a bit above average, with the BlockTribune Volatility Index coming in at 52.3. 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.