Cryptocurrency Markets Head Southbound In Down Trading

Investing, News | August 23, 2018 By:

Bitcoin and the rest of the cryptocurrency market continued to decline today, as Wednesday’s slow drip downward gained a bit of momentum.

As of mid-morning, bitcoin was down slightly more than one percent, sitting at $6,400. That was actually good news, as it basically held serve at this price level. Trading volume was light, as the late August doldrums gripped traders.

The news was not so good elsewhere in the top ten coins. Retreats of about one percent to slightly less than four percent spread among the coins. Ripple XRP was the day’s biggest loser, declining about 3.5 percent at mid-morning as analysts struggled to determine whether to be bullish or bearish on its prospects.

Bitcoin market highlights for the 24 hours ending August 23, 2018 at 1:00 pm US Eastern Time

The highest price seen was $6,602.80 on the Cryptonex exchange at 12:37 pm today. Cryptonex saw $18,115,124 of bitcoin change hands.

The lowest price seen was $6,106.54 on Cryptonex’s exchange at 6:25 pm yesterday. Cryptonex’s 24 hour volume was $18,115,124.

The average price on the surveyed exchanges, as weighed by volume, was $6,411.75.

Volatility was lower than average, with the BlockTribune Volatility Index coming in at 40.3. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 17 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.