Crypto Markets Stop The Bleeding, With Some Coins Heading Back Up

Investing, News | October 12, 2018 By:

The cryptocurrency markets halted their Thursday meltdown today. The bleeding has stopped for most coins, with some green arrows scattered throughout the top ten coins as investors snapped up bargains.

Yesterday’s price plunge, which some believe was contagion from the stock market crash in the US, with some pointing to heavy margin calls on stockholders accounting for the rush to liquidate cryptocurrency holdings in order to cover positions. Whatever the reason, the momentary panic seems to have subsided.

In early tradinng, bitcoin is essentially flat over the last 24 hours, holding at $6,200. Ether and Bitcoin Cash were down incrementally, with ether now at $192 and Bitcoin Cash at $445.

On the plus side, Litecoin, Stellar and Ripple XRP were all in green arrows, with XRP showing a hefty four percent gain. a bounce off the bottom after a 20 percent loss over the last week.

Bitcoin market highlights for the 24 hours ending October 12, 2018 at 1:00 pm US Eastern Time

The highest price seen was $6,455.57 on the Cryptonex exchange at 5:01 am today. Cryptonex saw $36,928,092 of bitcoin change hands.

The lowest price seen was $6,069.13 on Cryptonex’s exchange at 8:13 pm yesterday. Cryptonex’s 24 hour volume was $36,928,092.

The average price on the surveyed exchanges, as weighed by volume, was $6,249.31.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 45.6. 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.