Bitcoin’s volatility has always been the anthem of the coin’s naysayers. As the whole cryptocurrency industry is being plagued by constant price swings (XRP lost over $9 bln of its market cap in merely three days), a new report suggests that Bitcoin might have reached its lowest level of volatility in two years. Remarkably enough, such extensive periods of low volatility have always been connected to drastic changes in BTC price At the time of writing this article, Bitcoin is currently sitting at $6,514.
Earlier, U.Today also reported that BTC price spreads had been steadily reducing on numerous exchanges, which is primarily attributed to the influence of Wall Street.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Yuri Molchan
Arman Shirinyan
Dan Burgin
Vladislav Sopov