Crypto Prices Take A Monday Dive

FinTech, Investing, News | July 10, 2017 By:

It was a down day at mid-day for the cryptocurrency market. Bitcoin’s single-coin price was bumped nearly five percent, ethereum continued its recent slump, and other altcoins suffered a battering.

Overall, the only good news was that the damage was not too severe. Bitcoin remains trapped in the range of $2,400-$2,600 that has marked its activity for the last two weeks. Ethereum is down to $221, while Litecoin holds in the $47 range. Dash, Ripple and Monero also were hit hard by the Monday price blahs.

The Block Tribune Volatility Index took a leap up over the last 24 hours. The BTVI sat at 50, which indicates an average amount of movement, but is up from last week’s low of 39.6.

Is this price plunge the start of something bigger?  Or just a little profit-taking in advance of some serious turbulence?  That is the question that looms over the next two days.

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TODAY’S 24-HOUR BITCOIN STATISTICS:

Bitcoin market highlights for the 24 hours ending July 10, 2017 at 3:00 pm U.S. Eastern Time

The highest price seen was $2,545.00 on the BTCC exchange at 3:06 pm yesterday. BTCC saw $6,477,020 of bitcoin change hands.

The lowest price seen was $2,332.07 on CoinsBank’s exchange at 2:54 pm today. CoinsBank’s 24 hour volume was $4,219,910.

The average price on the surveyed exchanges, as weighed by volume, was $2,468.21.

Volatility was nearly average, with our index coming in at 50.0. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 13 different exchanges. It includes only USD/BTC trades and only on those exchanges that had at least 1% of the total volume of USD/BTC trades during the measurement period.