Cryptocurrency Bulls Are Running On Goldman Sachs News – Bitcoin Surging

Investing, News | May 3, 2018 By:

The bulls are running today in the cryptocurrency markets, as bitcoin and other coins are making a strong upward move at mid-morning.

Bitcoin is now at the $9,550 level per single coin, a gain of more than four percent over the last 24 hours But more importantly, the price is rising rapidly, indicating that investors may be ready to break through the elusive $10,000 barrier that has not been seen in months.

The rest of the market is also filled with green arrows. Ether is $765, a high it hasn’t seen in months, while Bitcoin Cash has topped the $1,500 mark, also a high it hasn’t seen in a while. Litecoin is particularly aggressive, climbing more than 10 percent up to $164.

News that investment bank Goldman Sachs is dipping its toes into the cryptocurrency futures market is no doubt driving the overall growth. Institutions have been coy about their plans, but Goldman’s firm move may open the gates for further inroads by larger financial firms.

Bitcoin market highlights for the 24 hours ending May 3, 2018 at 1:00 pm U.S. Eastern Time

The highest price seen was $9,449.37 on the Huobi exchange at 10:24 am today. Huobi saw $160,085,000 of bitcoin change hands.

The lowest price seen was $9,142.40 on Simex’s exchange at 2:12 am today. Simex’s 24 hour volume was $49,021,600.

The average price on the surveyed exchanges, as weighed by volume, was $9,240.82.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 44.2. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 8 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.