Cryptocurrency Markets Continue Holding In A Narrow Range

Investing, News | July 27, 2018 By:

It was Groundhog Day in the cryptocurrency markets, as prices once again held in a narrow range, repeating the past few days.

Bitcoin continued clinging to the $8,100 per single coin level, down percentage points over the last 24. That was the good news on the day, as the rest of the top ten coins lost between one and three percent.

There was little reaction to the day’s bad news on the denial of a bitcoin ETF by the US SEC. Overall, it was a week that saw investors enjoy the status quo, hoping that better days are ahead.

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

The highest price seen was $8,307.90 on the Bitfinex exchange at 4:37 pm yesterday. Bitfinex saw $397,770,000 of bitcoin change hands.

The lowest price seen was $7,781.35 on Simex’s exchange at 11:01 am today. Simex’s 24 hour volume was $75,014,300.

The average price on the surveyed exchanges, as weighed by volume, was $7,980.88.

Volatility was a bit above average, with the BlockTribune Volatility Index coming in at 57.3. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 14 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.