Bitcoin Rally Fizzles, Now Clinging Above $10,000 As Red Arrows Abound
Bitcoin continued its cooling trend today, slipping to just above the $10,000 per single coin mark after rising near $12,000 in the last few days. This morning’s price is below the support level analysts have said is necessary to instill confidence in a sustained rally.
Red arrows abounded in the top ten cryptocurrencies, with most down six to eight percent. Litecoin dipped below the $200 mark and ethereum’s ether was below $825, both significant price points for those coins.
Bitcoin market highlights for the 24 hours ending February 22, 2018 at 1:00 pm U.S. Eastern Time
The highest price seen was $11,313.80 on the HitBTC exchange at 9:54 pm yesterday. HitBTC saw $69,895,800 of bitcoin change hands.
The lowest price seen was $9,716.20 on Kraken’s exchange at 12:42 pm today. Kraken’s 24 hour volume was $140,001,000.
The average price on the surveyed exchanges, as weighed by volume, was $10,406.46.
Volatility was a bit above average, with the BlockTribune Volatility Index coming in at 53.6. A higher number indicates greater price volatility with 50 describing an average day.
These statistics were consolidated from 10 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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