Digital Currency Markets Continue Narrow Range Stall

Investing, News | January 29, 2018 By:

The lull in the volatile cryptocurrency markets continued today, as bitcoin and other digital currencies continued trading in a very narrow range. Most were up or down just a few percentage points as investors continued to watch warily on the sidelines.

Government regulation threats appear to have cooled most of the markets, as taxation and additional requirements for initial coin offerings mount.

Bitcoin market highlights for the 24 hours ending January 29, 2018 at 1:00 pm U.S. Eastern Time

The highest price seen was $11,989.10 on the Binance exchange at 4:00 pm yesterday. Binance saw $167,650,000 of bitcoin change hands.

The lowest price seen was $10,880.00 on GDAX’s exchange at 8:06 am today. GDAX’s 24 hour volume was $123,558,000.

The average price on the surveyed exchanges, as weighed by volume, was $11,490.62.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 44.8. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 14 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.