Bitcoin and Other Top Ten Cryptocurrencies Take The Down Elevator

Bitcoin and Other Top Ten Cryptocurrencies Take The Down Elevator

Investing, News | Jul 12, 2018 br

The proxy remit in plunging cryptocurrency prices valid to be just that – temporary. At mid-morning, all of the tip 10 coins were in red arrows.

Bitcoin was at the $6,200 mark, down 3.5 percent over the last 24 hours. The rest of the tip 10 coins followed, with waste of between one and tighten to 4 percent opposite the board.

Is this another turn of profit-taking?  Or has new news from China and India spooked the market?  This year, the cryptocurrency markets have nonetheless to see any postulated ceiling momentum, with each convene fast retreating back to reduce levels.

Maybe that’s the new normal, as some pundits are saying. Still, there are loyal believers like Thomas Lee of Fundstrat, who keeps insisting bitcoin will be back over the $20,000 symbol by years’ end.  Clearly, someone is right in this argument. But right now, the marketplace leans toward the nay-sayers.

Bitcoin marketplace highlights for the 24 hours finale Jul 12, 2018 at 1:00 pm US Eastern Time

The top cost seen was $6,675.88 on the DigiFinex sell at 1:31 pm yesterday. DigiFinex saw $33,500,300 of bitcoin change hands.

The lowest cost seen was $6,108.74 on CoinsBank’s sell at 3:49 am today. CoinsBank’s 24 hour volume was $13,252,500.

The normal cost on the surveyed exchanges, as weighed by volume, was $6,302.85.

Volatility was a bit above average, with the BlockTribune Volatility Index entrance in at 53.1. A aloft number indicates larger cost sensitivity with 50 describing an normal day.

These statistics were combined from 18 different exchanges. It includes only BTC/USD trades and only on those exchanges that had at slightest 1% of the sum volume of BTC/USD trades during the dimensions period. 


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