RATE Group | Crypto Trader Says You Should Be Prepared for Altseason in Q1 2020
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Crypto Trader Says You Should Be Prepared for Altseason in Q1 2020

01 Jan Crypto Trader Says You Should Be Prepared for Altseason in Q1 2020

Posted at 04:44h in Cryptocurrency News by

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Contents

  • Shrugging off volatility 
  • 2020 is here 

As numerous countries around the globe are already celebrating the advent of 2020, it’s time to take a retrospective look at the performance of Bitcoin in the previous year. 


2019 was the year of highs and lows for the dominant cryptocurrency but it still managed to come out on top with a 95 percent yearly gain, according to data provided by blockchain analytics startup Skew.


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Shrugging off volatility 


Bitcoin’s price action was uneventful for almost half of the year. Skew has estimated that there were 150 days when BTC didn’t move by more than one percent in a day. Meanwhile, the average absolute daily move is about 2.4 percent.


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