Bitcoin, Altcoin Prices Shun Volatility Amid Multi-Year Trade Volume Lows

Bitcoin (BTC) remained stable Sunday, October 7, capping a week of sideways trading as overall exchange volumes reached their lowest level for thirteen months.

Market visualization by Coin360

Data from Cointelegraph’s price tracker and Coin360 show BTC/USD hardly moving compared with the same time last week, with daily and weekly movements concluding at around 0.03 percent up and 0.65 percent down respectively.

At press time, Bitcoin is trading at around $6,545, slightly up on its position during the first week of September, while seeing volatility topping $1,500 in the intervening period.

Bitcoin 7-day price chart. Source: Cointelegraph Bitcoin Price Index

As commentators noted on social media, October is unlikely to see major announcements on issues that could significantly affect the Bitcoin price. Regulatory decisions on products such as a a U.S. Bitcoin exchange-traded fund (ETF) are expected in November, while Bakkt, the “regulated ecosystem” for institutional investors…