Strong Rebounds Mark Wednesday Cryptocurrency Trading

ICO News, Investing, News | September 6, 2017 By:

The cryptocurrency market continued to make a strong recovery today after a Labor Day disaster. At mid-day, single-coin pricing for legacy bitcoin (BTC) stood at just over $4,600, a nearly six percent gain in the last day. Upstart Bitcoin Cash (BCC) did even better, rebounding more than 18 percent to $638 at mid-day.

Ethereum, which was temporarily rocked by China’s decision to ban initial coin offerings (ICO), is headed back up as well. It is now at $333, up from yesterday’s mid-day showing of $309, showing investor confidence in the platform that drives most ICOs.

Litecoin was boosted nearly 14 percent at mid-day, sitting at $79, while Dash ($348), Monero ($121) and Ripple XRP ($0.224163) were also strongly green arrowed on the day.

The Block Tribune Volatility Index, which measures price fluctuations in BTC, was at BTVI 50.1 for the 24-hour period, indicating average price swings.

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Bitcoin market highlights for the 24 hours ending September 6, 2017 at 3:00 pm U.S. Eastern Time

The highest price seen was $4,859.35 on the LakeBTC exchange at 2:00 pm today. LakeBTC saw $43,432,100 of bitcoin change hands.

The lowest price seen was $4,354.70 on Bitfinex’s exchange at 5:54 pm yesterday. Bitfinex’s 24 hour volume was $195,227,000.

The average price on the surveyed exchanges, as weighed by volume, was $4,511.37.

Volatility was nearly average, with the BlockTribune Volatility Index coming in at 50.1. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 10 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.