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.
Subscribe to U.Today on Twitter and get involved in all top daily crypto news, stories and price predictions!