Cryptocurrency Markets Halt Downward Trend With Monday Rebound

Investing, News | April 2, 2018 By:

Bitcoin and other cryptocurrencies may have found a bottom. After diving as low as $6,500 per single coin over the weekend, bitcoin rebounded today to once again top $7,000.

The rest of the market, which also was losing huge chunks of value late last week, also came back slightly, with gains of around five percent in the top ten coins. Particularly hurting at the moment are ether (down below $400) and Litecoin (below $125). Both have lost more than half of their value in 2018.

Still, momentum in the market is distinctly bearish, at least among small investors, and the next few days will be an interesting ride for those sticking around.

Bitcoin market highlights for the 24 hours ending April 2, 2018 at 1:00 pm U.S. Eastern Time

The highest price seen was $7,124.64 on the Huobi exchange at 4:06 am today. Huobi saw $176,981,000 of bitcoin change hands.

The lowest price seen was $6,726.64 on Binance’s exchange at 2:54 pm yesterday. Binance’s 24 hour volume was $264,336,000.

The average price on the surveyed exchanges, as weighed by volume, was $6,940.65.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 42.1. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 7 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.