Bitcoin Reaches Unheard-of Low in Volatility
According to data provided by James Butterfill, head of research at CoinShares, Bitcoin's 30-day volatility has fallen to an all-time low of 18.7%, lower than Nasdaq's 25.7%. Image by @jbutterfill Even though bitcoin volumes have dropped significantly, the world's largest cryptocurrency is still trading at around $5 billion a day on trusted exchanges. According to Butterfill, this proves that Bitcoin remains a “highly liquid asset.” Bitcoin prices have experienced huge fluctuations over the last decade, and this can be unpredictable, to say the least. Related US adoption of XRP is what China wants to prevent, SEC will come in handy: