All Quiet on the Bitcoin Front

FinTech, Investing, News | June 29, 2017 By:

The cryptocurrency market leveled off today, as the distracting siren call of the pending US holiday long weekend, the inevitable pause after a brief growth spurt, and just plain investor caution seemed to dominate the day’s trading activity.

Bitcoin sat at the $2,500 level in single-coin pricing at mid-day, about what it was on Wednesday. Ethereum, after several days of strong movement, also took a breath, holding around $314, a modest gain on the day before.

Litecoin, Ripple XRP, and Dash were all down a fraction, with Monero up slightly to $46.

But no news was good news at this point, given the massive correction of Monday, which saw ethereum take a plunge of 20 percent and bitcoin suffer a broadside that drove it down to the $2,100 level.



Bitcoin market highlights for the 24 hours ending June 29, 2017 at 3:00 pm U.S. Eastern Time

The highest price seen was $2,698.00 on the Gatecoin exchange at 4:48 am today. Gatecoin saw $10,672,100 of bitcoin change hands.

The lowest price seen was $2,358.45 on Bittrex’s exchange at 6:42 am today. Bittrex’s 24 hour volume was $6,550,060.

The average price on the surveyed exchanges, as weighed by volume, was $2,539.78.

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

These statistics were consolidated from 14 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.