According to Coin Metrics, the 180-day volatility indicator reached 0.028, which is the minimum value over the past 23 months.
Increasing the stability of the leading cryptocurrencydue to the fact that recently the market has been weak in reacting to big news, such as the CFTC filing charges against the BitMEX exchange or the KuCoin hack. Such news certainly affects the exchange rate, but price fluctuations do not exceed 5%.
Coin Metrics data shows that Bitcoin volatility has dropped 43% over the past 30 days.
Although due to negative newslast week, many traders began to openmore and more short positions, increasing the pressure on the market. Nevertheless, the rate grew slightly over the weekend and at the time of publication is at $ 10,690, having risen by 0.51% per day.
</p>Read this:
Ethereum rate reaches two-year high amid growth in ETH futures market
RMB Bitcoin Trading at LocalBitcoins Reaches Two-Year Low
Bitcoin volatility drops to stablecoins
The number of bitcoins in the wallets of miners reaches a two-year high
Ethereum miners' revenues hit two-year high
BTC unconfirmed transaction queue size reaches two-year high