Bitcoin prices were trading marginally lower Friday, continuing what’s been a quiet week for the best-known cryptocurrency.

On Friday, one bitcoin

BTCUSD, +0.00%

 was fetching $3,618.91, down 0.8% since Thursday at 5 p.m. Eastern Time on the Kraken crypto exchange. For the week, the cryptocurrency is higher by 1.6%.

Read: This country leads the world in crypto trading — and it isn’t the one you think

While bitcoin has spent much of the week treading water either side of $3,500, the overarching trend is a pickup in volatility, according to Kevin Davitt, senior instructor at the Cboe. “So, the New Year is underway and volatility appears to be percolating, which is off-putting to most passive investors,” he wrote.

“However, there are many market participants that understand volatility is a constant, and if volume numbers at Cboe are any indication, they are actively embracing the tools available to trade volatility and/or manage risk.”

Altcoins and futures moving lower on Friday

Altcoins — the collective group of more than 2,000 cryptocurrencies other than bitcoin — were drifting lower on Friday. Ether

ETHUSD, +0.70%

 was off 2% at $119.15, Litecoin

LTCUSD, +0.81%

was down 1.9% to $30.73, Bitcoin Cash

BCHUSD, +0.63%

lost 2.4% to $125.60, and XRP,

XRPUSD, +0.92%

was off 2.2% at 32 cents.

Bitcoin futures have ticked lower on Friday. The Cboe Global Markets February contract

XBTG9, -0.35%

finished down 1.5% at $3,550, while the CME Group February contract

BTCG9, -0.70%

ended the day 0.8% lower at $3,560.

Read: Americans lost $1.7 billion trading bitcoin in 2018 — and more than half don’t know they can claim a deduction

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(Excerpt) Read more Here | 2019-01-18 21:57:00
Image credit: source

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