Bitcoin Has Been More Stable Than Gold and Stocks; Violent Price Action Could Ensue

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

$BTC's recent 5-day average volatility has dropped below gold, the Nasdaq 100 and the S&P 500. Such uneventful periods in the past have led to violent breakouts with dramatic price changes, K33Research noted. sndr_krisztian reports

Bitcoin’s five-day volatility has dropped below that of of gold, the Nasdaq 100 and the S&P 500, crypto analytics firm K33 Research noted.

Bitcoin’s price may be sleep-inducing of late, but it's become so boring that a dramatic eruption could soon be coming., bitcoin's five-day volatility has sunk below that of gold, the Nasdaq 100 and the S&P 500. This only happened a few times in recent years, K33 senior analyst Vetle Lunde pointed out, and every occasion preceded periods of wild price swings.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin, Ethereum Technical Analysis: BTC Starts August Trading Below $29,000 – Market Updates Bitcoin NewsBitcoin dropped below the $29,000 level to start the month of August, as the greenback continued to strengthen versus other G7 currencies.
Source: BTCTN - 🏆 531. / 51 Read more »

Bitcoin price holds above $29,000, unmoved by Curve Finance hackBitcoin's price opened the week trading flat, unmoved by the weekend's significant Curve Finance DeFi exploit.
Source: TheBlock__ - 🏆 464. / 53 Read more »