Cryptocurrency Prices Take A Tuesday Turn For The Worse
For the cryptocurrency markets, the Monday rally turned into the Tuesday teardown, as prices again took a nosedive over the last 24 hours.
Bitcoin is down to the $6,100 level at mid-day and even breached the $6,000 level on at least one exchange. Similarly, the rest of the crypto markets were in retreat, with the top ten coins all in red arrows and losing anywhere from two to five percent in value.
Where will it end? Some pundits have predicted far lower bitcoin prices, as accusations of over-regulation, price manipulation and market saturation are all thrown about. Meanwhile, the initial coin offering parade continues and blockchain is soundly endorsed by major financial institutions and government. There’s obviously a future, but right now, it’s hard to see whether it’s bright.
Bitcoin market highlights for the 24 hours ending June 26, 2018 at 1:00 pm US Eastern Time
The highest price seen was $6,509.91 on the DigiFinex exchange at 2:13 pm yesterday. DigiFinex saw $22,888,800 of bitcoin change hands.
The lowest price seen was $5,933.05 on B2BX’s exchange at 11:55 am today. B2BX’s 24 hour volume was $11,091,700.
The average price on the surveyed exchanges, as weighed by volume, was $6,234.51.
Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 47.0. A higher number indicates greater price volatility with 50 describing an average day.
These statistics were consolidated from 20 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.
