Crypto Momentum Slows, But Stellar Climbs On New Payments Alliance

Crypto Momentum Slows, But Stellar Climbs On New Payments Alliance

Investing, News | July 25, 2018 By:

Momentum slowed in the cryptocurrency markets today, as the big bitcoin rally that lifted the market wound down. At mid-morning, bitcoin held serve at the $8,100 level per single coin, about where it was yesterday. BTC has seen a 20 percent increase in the last week, so today represented something of a breather by investors.

The rest of the top ten coins had mixed results, with most down incrementally after yesterday’s brief rally. The outlier was Stellar, up more than three percent on news of its alliance with TransferTo, a payments giant with presence in more than 70 countries. The move will reportedly allow Stellar to better compete with Ripple’s XRP in the space.

Bitcoin market highlights for the 24 hours ending July 25, 2018 at 1:00 pm US Eastern Time
The highest price seen was $8,479.94 on the Coinbase Pro exchange at 8:25 pm yesterday.  Coinbase Pro saw $133,366,000 of bitcoin change hands.
The lowest price seen was $6,417.56 on Simex’s exchange at 5:43 am today.  Simex’s 24 hour volume was $63,533,500.
The average price on the surveyed exchanges, as weighed by volume, was $8,237.19.
Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 49.0.  A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 15 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.