Crypto Markets Take It Slow After Big Run-up

Investing, News | October 16, 2018 By:

The cryptocurrency markets slowed today after Monday’s major rally, as investors caught their breath and volume dropped off a cliff.

In early trading, bitcoin was essentially static, sitting at the $6,600 level on moderate volume. It was down slightly from the big run-up yesterday, but only by tenths of a percentage.

Likewise, the rest of the market was basically on pause. Ether held at the $210 mark, and Bitcoin Cash stood sideways.

The outlier in early trading was Ripple’s XRP, up just over two percent.

Bitcoin market highlights for the 24 hours ending October 16, 2018 at 1:00 pm US Eastern Time

The highest price seen was $7,048.07 on the Cryptonex exchange at 1:25 pm yesterday. Cryptonex saw $35,478,376 of bitcoin change hands.

The lowest price seen was $6,368.90 on Kraken’s exchange at 4:19 pm yesterday. Kraken’s 24 hour volume was $25,343,162.

The average price on the surveyed exchanges, as weighed by volume, was $6,600.95.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 47.7. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 24 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.