Crypto Markets Quiet On Early Light Volume Trading

Investing, News | September 19, 2018 By:

Crypto markets were calm today, as a worldwide major religious holiday took some attention away from trading. In early morning, volume was light and prices stagnant, reflecting the lack of activity.

Bitcoin was at the $6,300 level, basically holding serve as it continues in a narrow trading range this week.

Similarly, most of the top ten coins were fairly quiet, with Cardano the early morning leader in trading, up about three percent as it continues to bounce off a recent bottom. Ether was maintaining at $210, continuing its recovery from a recent price dip. Ripple XRP had a huge day yesterday as rumors spread of a big announcement. That was confirmed as the xRapid launch, designed to help banks speed up international transactions using XRP as a bridge.

Bitcoin market highlights for the 24 hours ending September 19, 2018 at 1:00 pm US Eastern Time

The highest price seen was $6,474.88 on the Cryptonex exchange at 6:49 pm yesterday. Cryptonex saw $17,094,899 of bitcoin change hands.

The lowest price seen was $6,111.34 on Cryptonex’s exchange at 9:43 am today. Cryptonex’s 24 hour volume was $17,094,899.

The average price on the surveyed exchanges, as weighed by volume, was $6,337.57.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 43.6. 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.