Not Another Manic Monday – Bitcoin, Ethereum Steady

Blockchain, FinTech, Investing, News | June 19, 2017 By:

It was another sideways Monday for cryptocurrency, as the only dramatic single-coin price movement came from Litecoin.

Today’s market at mid-day consolidated the gains of Friday, when bitcoin and other cryptocurrencies roared back from the one-day bear attacks. Monday’s bitcoin single-coin price was close to $2,600, while ethereum’s ETH held at around $371.

Litecoin was booming over the last four days, nearing its all-time high and just short of the $50 per single coin mark. Ripple was down slightly, Dash was up strongly to the $200 level, and Monero hovered around $49.

Recent developments clearly unsettled the market mood last week. Goldman Sachs issued a bearish report, saying bitcoin’s price was “heavy” and predicted a retreat. Others look warily toward the coming Aug. 1 deadline for implementation of a fork by some bitcoin developers, a move that may split the coinage into two camps. And two cyber-attacks on digital exchanges, plus Coinbase’s capacity problems, may have exacerbated fears.

Also on the horizon is the US Securities and Exchange Commission, which is weighing the appeal of the Winklevoss twins on their bit to establish a US exchange-traded fund. The SEC previously turned it down, but decided to reconsider its decision.



Bitcoin market highlights for the 24 hours ending June 19, 2017 at 3:00 pm U.S. Eastern Time

The highest price seen was $2,820.00 on the OkCoin Intl. exchange at 3:18 am today. OkCoin Intl. saw $6,498,400 of bitcoin change hands.

The lowest price seen was $2,401.49 on CoinsBank’s exchange at 6:30 pm yesterday. CoinsBank’s 24-hour volume was $4,624,130.

The average price on the surveyed exchanges, as weighed by volume, was $2,540.55.

Volatility was a bit lower than average, with our index coming in at 44.9. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 13 different exchanges. It includes only USD/BTC trades and only on those exchanges that had at least 1% of the total volume of USD/BTC trades during the measurement period.