Cryptocurrency Markets Make Tiny Moves In Early Tradingbr>
The cryptocurrency markets continued to take small bites today, moving in tiny increments as investors wait for a jolt that will send prices in a sustained direction.
At mid-morning, bitcoin was clinging to the $6,500 level for the third consecutive day. In early trading, the rest of the top ten followed in lockstep, with most coins up or down by tenths of a percentage point.
The outlier in the early going was Ripple’s XRP, which has started sliding back to earth after a massive rally in the wake of its convention and news that its xRapid system is now working.
Bitcoin market highlights for the 24 hours ending October 5, 2018 at 1:00 pm US Eastern Time
The highest price seen was $6,733.16 on the Cryptonex exchange at 9:25 pm yesterday. Cryptonex saw $18,231,288 of bitcoin change hands.
The lowest price seen was $6,380.14 on Cryptonex’s exchange at 11:43 pm yesterday. Cryptonex’s 24 hour volume was $18,231,288.
The average price on the surveyed exchanges, as weighed by volume, was $6,569.37.
Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 44.0. A higher number indicates greater price volatility with 50 describing an average day.
These statistics were consolidated from 22 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.