Digital Currency Investors Wary, as Markets Slow In Response To Government Meddling
Bitcoin continued to tread water in a rut of $14,000 to $15,000 per single coin, as the rest of the cryptocurrency market also slumbered.
Most of the popular digital currencies were slightly down this morning, with Cardano and EOS both taking double digit leaps upward as the outliers. Ripple XRP continued its descent from the heights, now falling below the $2 level even as the company announced a lucrative new deal with MoneyGram for remittances.
The disturbing news from South Korea, where the government appears ready to initiate some strong measures against cryptocurrency, has undoubtedly rattled some investors. Government actions elsewhere (hello, Gibraltar) to initiate new regulations are also dragging down investor moods.
Bitcoin market highlights for the 24 hours ending January 12, 2018 at 1:00 pm U.S. Eastern Time
The highest price seen was $14,582.10 on the LakeBTC exchange at 6:54 am today. LakeBTC saw $44,645,400 of bitcoin change hands.
The lowest price seen was $12,634.20 on Binance’s exchange at 7:42 pm yesterday. Binance’s 24 hour volume was $273,563,000.
The average price on the surveyed exchanges, as weighed by volume, was $13,684.88.
Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 43.5. A higher number indicates greater price volatility with 50 describing an average day.
These statistics were consolidated from 12 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.
