Crypto Markets Watchfully Wait, But XRP Booms In Early Trading

Investing, News | September 18, 2018 By:

UPDATE:  By mid-day, the markets started to accelerate. Ether was up three percent, while Bitcoin Cash had a four percent bump-up and Cardano was up close to six percent. Bitcoin was still growing, albeit slowly on relatively low volume.

EARLIER:  An indecisive cryptocurrency market held serve early today, with prices basically static across the top ten coins. Bitcoin was basically at the same level, holding at the $6,300 price per coin on moderate volume, with others in the top ten staying put as well.

The major outlier in early morning trading was Ripple XRP, up a robust 19 percent based on a rumor within its community that a major development is about to be announced. So far, nothing has come across the transom, so it may be mass hype based on conjecture.

Ether also spike momentarily earlier today, but has settled down to about $211 in early morning trading. No reason for the spike, other than upward momentum continued, a recent and welcome trend for ether.

Stellar XLM also was up in the early going, riding the momentum of the recent merger with Chain with Stellar’s parent corporation.

Bitcoin market highlights for the 24 hours ending September 18, 2018 at 1:00 pm US Eastern Time

The highest price seen was $6,591.01 on the CoinsBank exchange at 4:13 pm yesterday. CoinsBank saw $81,469,587 of bitcoin change hands.

The lowest price seen was $5,830.14 on CoinsBank’s exchange at 2:31 pm yesterday. CoinsBank’s 24 hour volume was $81,469,587.

The average price on the surveyed exchanges, as weighed by volume, was $6,289.17.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 46.3. 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.