Bitcoin Continues Its Winter Retreat, With Most Top Ten Coins Also Heading South

Bitcoin and the rest of the cryptocurrency markets continued in red arrow mode today, as the price plunge of the last week continued in earnest.

This morning saw bitcoin down close to five percent, sitting at around $8,100. The rest of the market followed, with ethereum now at $600, Litecoin at $160, and Bitcoin Cash back below the $1,000 level to $914.

The recent reversals come in an interesting flux of information. On the one hand, regulators continue to clamp down on various exchanges and individual companies. On the other, investment firms and big banks continue engaging with blockchain and crypto exchanges. But no longer do we hear optimistic predictions of bitcoin at $100,000, or even $25,000. Clearly, the bears rule, at least for the moment.

Bitcoin market highlights for the 24 hours ending March 15, 2018 at 1:00 pm U.S. Eastern Time

The highest price seen was $8,469.26 on the Huobi exchange at 1:06 pm yesterday. Huobi saw $235,944,000 of bitcoin change hands.

The lowest price seen was $7,669.70 on Kraken’s exchange at 2:24 am today. Kraken’s 24 hour volume was $174,816,000.

The average price on the surveyed exchanges, as weighed by volume, was $8,103.49.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 45.7. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 8 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. 

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