Cryptocurrency Bears Roaring As Markets Head Into The Red

Investing, News | August 14, 2018 By:

Bitcoin and others in the top ten cryptocurrencies accelerated their downward tumble today, as the bear run gained strength.

At mid-morning, bitcoin was sitting just above the $6,000 per single coin mark, and threatening to breach that barrier later in the day. Trading volume was high and up significantly from Monday.

The news was no better elsewhere in the top ten. Ethereum was hard hit, dropping more than 11 percent, with Bitcoin Cash sagging to $486 per coin, down more than ten percent. EOS, wracked by dissension in its ranks, is now at $4.84 per single coin as it keeps melting down from its introduction, while Litecoin is sitting just above $51, a nine percent drop.

Bitcoin market highlights for the 24 hours ending August 14, 2018 at 1:00 pm US Eastern Time

The highest price seen was $6,315.09 on the Bibox exchange at 4:43 pm yesterday. Bibox saw $34,183,795 of bitcoin change hands.

The lowest price seen was $5,910.00 on Bitfinex’s exchange at 11:07 pm yesterday. Bitfinex’s 24 hour volume was $319,239,858.

The average price on the surveyed exchanges, as weighed by volume, was $6,078.52.

Volatility was a bit above average, with the BlockTribune Volatility Index coming in at 53.0. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 16 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.