Bitcoin Heads South, Dragging Down Most Of The Crypto Market
Strange news from Japan and further rumblings of regulators sent bitcoin back down to the $8,400 level at mid-morning. The cryptocurrency had rallied as high as the $9,100 level, but retreated as questions arose on Binance’s status with Japanese regulators.
Downward momentum carried over to the rest of the digital currency markets, generally sending most coins down slightly.
Bitcoin market highlights for the 24 hours ending March 22, 2018 at 1:00 pm U.S. Eastern Time
The highest price seen was $9,105.34 on the OKEx exchange at 11:24 pm yesterday. OKEx saw $335,720,000 of bitcoin change hands.
The lowest price seen was $8,482.90 on Bitfinex’s exchange at 11:00 am today. Bitfinex’s 24 hour volume was $485,685,000.
The average price on the surveyed exchanges, as weighed by volume, was $8,857.91.
Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 44.9. 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.
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