RATE Group | Bitcoin Volatility Hits 17-Month Low, What’s Next?
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Bitcoin Volatility Hits 17-Month Low, What’s Next?

06 Oct Bitcoin Volatility Hits 17-Month Low, What’s Next?

Posted at 22:06h in Bitcoin News by

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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.

For the past month, Bitcoin’s prices have shown an unprecedented level of stability, ranging between $6,200 and $6,800 since early September. For the past week, this trading range has tightened, with a new range formed between approximately $6,500 and $6,600.

This tight range has led many cryptocurrency investors to jokingly note that Bitcoin may as well be a stable coin.

On Twitter, 360Trader (@360_trader) mocked the lack of Bitcoin volatility, saying:

“Hey guys, look! BTC moved $60!!!!!!!!”

What’s Next for Bitcoin?

Although the lack of volatility is leading many investors and day traders to believe that Bitcoin is gearing up for a huge price swing, some analysts…

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