Almost Two-Year Low Bitcoin Volatility May Indicate Another Bull Run

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

Wed, 26/09/2018 - 14:45

Almost Two-Year Low Bitcoin Volatility May Indicate Another Bull Run

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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.

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About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.