A Quiet Tuesday for Bitcoin, Other Cryptos

Investing, News | June 20, 2017 By:

Tuesday’s market saw a revived bitcoin up to the $2,700 level, while ethereum stalled and was down below the $360 mark.

Other cryptocurrencies had mixed results. Ripple was up, Dash down seven percent, while Monero was basically sideways. Litecoin, which had a recent run-up to touch its all-time high, deflated slightly to  $46 at mid-day.

Overall, the market’s volatility appears to have temporarily settled down.

Recent developments clearly affected 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.

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TODAY’S 24-HOUR BITCOIN STATISTICS

 

Bitcoin market highlights for the 24 hours ending June 20, 2017 at 3:00 pm U.S. Eastern Time

The highest price seen was $2,933.04 on the Allcoin exchange at 2:48 pm today. Allcoin saw $3,478,120 of bitcoin change hands.

The lowest price seen was $2,488.07 on CoinsBank’s exchange at 3:42 pm yesterday. CoinsBank’s 24 hour volume was $5,045,120.

The average price on the surveyed exchanges, as weighed by volume, was $2,620.78.

Volatility was a bit lower than average, with our index coming in at 45.9. 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.