Bitcoin’s volatility rates have hit a 17-month low, due to a combination of a slow news cycle and low trading volume, leading some investors to believe that the lack of volatility could signal a maturing market. Despite this, debate remains as to whether or not a stable Bitcoin is a positive sign for its future.
Following the cryptocurrency market fever of late 2017, volatility in Bitcoin has dropped to a point that it has almost become boring, according to Element Digital Asset Management, a firm that delivers advisory, trading, treasury, technology, and asset management services for the digital asset capital market. Element Analysts Say Bucket Shops, Potential SEC Approval of
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Bitcoin looks set for a massive price swing either way based on the prolonged contraction its price volatility. However, it isn’t clear which way the top-ranked cryptocurrency would move once the price swing occurs. Narrowing Bitcoin Price Volatility Since plummeting to $6,000 in February 2018, Bitcoin has maintained a broadly consistent price range that has