Cryptocurrency In Sargasso Sea Mode, As Markets Remain Stagnant

Investing, News | June 27, 2018 By:

It was a mixed bag for today’s cryptocurrency markets. While bitcoin sagged as low as $5,700 on at least one exchange, the rest of the market had some winners.

At mid-morning, bitcoin was holding at the $6,100 level. The outliers were EOS, up more than five percent, with Litecoin gaining just over one percent and Ripple getting a fractional gain. These were offset by the rest of the top ten coins, which all were down between fractions and two percent.

There is unease in the market, and barring a black swan, it’s likely to remain stagnant for a while.

Bitcoin market highlights for the 24 hours ending June 27, 2018 at 1:00 pm US Eastern Time

The highest price seen was $6,413.99 on the DigiFinex exchange at 6:13 pm yesterday. DigiFinex saw $29,465,200 of bitcoin change hands.

The lowest price seen was $5,756.73 on CoinsBank’s exchange at 12:01 pm today. CoinsBank’s 24 hour volume was $13,546,900.

The average price on the surveyed exchanges, as weighed by volume, was $6,102.42.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 42.7. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 19 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.