Digital Currency Markets Flatline After Monday Meltdown

Investing, News | March 27, 2018 By:

Investors were picking through the rubble of the cryptocurrency price meltdown of the last few days, maintaining bitcoin and other coins at relatively the same price points.

Bitcoin was sideways, bouncing between $8,100 to $8,200 per single coin, while the rest of the market mimicked the lack of action. It’s breath-holding time, as investors hold a finger in the air and try to determine momentum.

Bitcoin market highlights for the 24 hours ending March 27, 2018 at 1:00 pm U.S. Eastern Time

The highest price seen was $8,250.20 on the OKEx exchange at 7:30 pm yesterday. OKEx saw $324,078,000 of bitcoin change hands.

The lowest price seen was $7,751.00 on Bitfinex’s exchange at 1:36 am today. Bitfinex’s 24 hour volume was $486,651,000.

The average price on the surveyed exchanges, as weighed by volume, was $7,990.95.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 42.5. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 8 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.