RATE Group | Bitcoin (BTC) Volatility Reaches Lowest Level in Over a Year
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Bitcoin (BTC) Volatility Reaches Lowest Level in Over a Year

08 Oct Bitcoin (BTC) Volatility Reaches Lowest Level in Over a Year

Posted at 10:41h in Bitcoin News by

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Breaking out of its usual zig-zag trajectory, Bitcoin volatility retreated to its lowest point in more than a year.

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Bitcoin (BTC) has bugged financial regulators around the world partly because of the wild swings in its price. Some good news has now come from Bitvol, whose volatility index shows surprising stability over the last 30 days. During that period, Bitcoin’s price experienced a variation of 1.71% compared to its usual range of between 3% and 7%.

Suggesting possible explanations for this development, financial expert Bob Mason wrote in a Sunday piece for FX Empire:

“The volatility would have been one concern for the SEC [with regards to ETF approvals], while price manipulation and fraudulent activity remain the key concerns. The low volatility is also a statement that price manipulation has perhaps abated. Anomalies occur and will likely continue, the recent short sell ahead of the Goldman Sachs announcement to hit pause on its cryptocurrency trading desk still a…

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