Cryptocurrency Markets Slowly Crawl Out Of Mid-Week’s Wreckage

Investing, News | August 9, 2018 By:

The mid-week price rout gave way to some small green shoots this morning, as bitcoin and other cryptocurrencies began climbing back from a day filled with double digit red arrows.

Bitcoin sat at slightly more than $6,400, a percentage points increase in the last 24 hours. Its massive haircut of Wednesday now has to retrace its way back over the $7,000 mark to gain momentum and fulfill all the promises that a massive rally is just around the corner.

The rest of the top ten coins were up percentage points to slightly more than two percent. Cardano was the big gainer on the day, as CEO Charles Hoskinson announced new improvements to the wallet and protocol, triggering a five percent price jump.

Bitcoin market highlights for the 24 hours ending August 9, 2018 at 1:00 pm US Eastern Time

The highest price seen was $6,569.70 on the Kraken exchange at 11:01 am today. Kraken saw $52,170,376 of bitcoin change hands.

The lowest price seen was $6,164.27 on Bit-Z’s exchange at 2:43 pm yesterday. Bit-Z’s 24 hour volume was $39,862,859.

The average price on the surveyed exchanges, as weighed by volume, was $6,324.61.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 48.2. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 15 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.