Bitcoin Continues Ho-Hum Trend, As Market Waits For Momentum To Break

The digital currency markets continued in a rut today, as prices moved slightly downward to close out a week where there was little momentum.

Bitcoin briefly topped the $11,000 per single coin mark on at least one exchange, then fell back to the low $10,000 level. This continues within its range of the last week and shows that investors are still wary on which way the trends will break.

Elsewhere, most cryptocurrencies stayed within a couple percentage points of the previous day, with Monero the outlier, up close to 10 percent to $334 at mid-morning.

Bitcoin market highlights for the 24 hours ending March 2, 2018 at 1:00 pm U.S. Eastern Time

The highest price seen was $11,179.90 on the Binance exchange at 9:00 pm yesterday. Binance saw $302,098,000 of bitcoin change hands.

The lowest price seen was $10,792.90 on Huobi’s exchange at 11:54 am today. Huobi’s 24 hour volume was $158,431,000.

The average price on the surveyed exchanges, as weighed by volume, was $10,977.42.

Volatility was lower than average, with the BlockTribune Volatility Index coming in at 39.5. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 7 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. 

Source: Read Full Article

Leave a Reply