RATE Group | Here’s what cooled the bitcoin trading frenzy
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Here’s what cooled the bitcoin trading frenzy

02 Oct Here’s what cooled the bitcoin trading frenzy

Posted at 18:26h in Bitcoin News by

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If you haven’t noticed, bitcoin prices have been rather subdued of late.

While altcoins, the collective group of 2,000 or so cryptocurrencies other than bitcoin, have been whipping around in almost violent fashion, the No. 1 digital currency has barely budged.

In fact, the 30-day volatility index for the world’s largest digital currency hit a 12-week low of 2.55% Tuesday, its lowest level since July 10 and more than 500 basis points lower from where it began the year at 8.02%, according to Buy Bitcoin Worldwide.

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