Cryptocurrency Markets Unleash The Bulls, With Solid Gains All Around
The bulls are running loose today on the cryptocurrency charts. Bitcoin was up as high as the $9,500 level on at least one exchange, while green arrows abound on all of the top dozen coins.
EOS is up a robust 20 percent on news that it has been added to the eToro social trading platform and Huobi exchange. The additions continue the momentum of its recent air drop, and once again valuted EOS into position as the fifth-largest digital coin by market capitalization, just ahead of Litecoin.
Elsewhere, ethereum continued its resurgence, no doubt bolstered by news that Amazon Web Services is unleashing a blockchain templates service that will further increase the ease of creating a chain. Bitcoin Cash also sustained its recent surge, which has seen it climb more than 80 percent in a month. BCH is now at $1,450, with a fork approaching in about three weeks that many believe will portend continued growth.
Overall, it was a good day to be invested in the market, as five percent gains (or more) flowed like digital coding. Can momentum be back?
Bitcoin market highlights for the 24 hours ending April 24, 2018 at 1:00 pm U.S. Eastern Time
The highest price seen was $9,503.58 on the HitBTC exchange at 9:36 am today. HitBTC saw $65,928,700 of bitcoin change hands.
The lowest price seen was $8,813.79 on Huobi’s exchange at 4:12 pm yesterday. Huobi’s 24 hour volume was $212,531,000.
The average price on the surveyed exchanges, as weighed by volume, was $9,137.12.
Volatility was a bit above average, with the BlockTribune Volatility Index coming in at 57.2. 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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