Bitcoin’s volatility hits all time low as per head of research at CoinShares BTC Whale Ratio managed to show some recovery Bitcoin [BTC] continued to disappoint both the bulls and bears as the its volatility hit fresh lows as of 7 January. As per a tweet posted by James Butterfill, the head of research at […]
Be prepared for many more days with low volatility this year.The rate at which coins moved on the network progressively dropped in the last month. This aligned with the drop in trading volume made earlier.Additionally, the Exchange Whale Ratio which dipped below 0.4 in the first week of January showed signs of recovery.
However, its volatility now has started to mirror the more traditional financial instruments in the market. Will this strengthen Bitcoin’s idea as a legitimate, secure, and stable currency in the future? 2023 may have all the answers.Subscribe to get it daily in your inbox.
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