Market Wrap: Bitcoin Leverage Costs Get Cheap, Ether Volatility Jumps
BTC had climbed from $35,709 to as high as $42,441. Then the slide started.
The past weekend saw the lowest number of bitcoin transfers from exchanges in 2021.
Bitcoin’s 30-day volatility has been dropping the past two days. So has gold's.
Bitcoin busted out a quick 5% gain early Thursday on positive news from that continent before losing some steam.
For crypto investors who have been in the market a while, volatility is not a bug – it's a feature.
Within two hours of the State Council statement, BTC fell 11%, based on CoinDesk 20 data.