Experts believe Bitcoin’s (BTC) price has become less volatile than stocks, while still struggling to surpass the $20,000 level. It seems like a positive development for Bitcoin, but crypto traders believe it is not positive under low-volume conditions. In the last few weeks, the trading volume has dropped significantly from $40 billion to falling below $20 billion.
Bitcoin (BTC) Volatility Drops Sharply Against U.S. Stock Market
According to Noelle Acheson, author of the “Crypto is Macro Now” newsletter, Bitcoin’s (BTC) 30-day realized volatility falls sharply in recent days. Coin Metrics data indicates that realized volatility has dropped to nearly 52% from 64% last month on an annualized basis.
Meanwhile, Jake Gordon at Bespoke Investment Group says the BitVol volatility gauge falls to a new low, down to 69 from over 110 in May. The CoinMarketCap data also indicates a massive drop in trading volume. In the last two days, t
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