Market Wrap: Bitcoin Traders Expect Big Move as Volatility Plummets
Bitcoin volatility drops to historic lows as the cryptocurrency stays just above $9,000.
Bitcoin is looking to leap key resistance alongside a strong rally in gold, but its role as an inflation hedge is still weak.
Bitcoin traders love hitting buy on their terminals when the price is around $9,000.
According to the crypto exchange’s report, June was the most uneventful month for Bitcoin (BTC) trading since February and was marked by a reversal in correlation trends with gold and the S&P 500.
Equities continue to beat bitcoin’s performance, but everything is making gains Monday.
Bitcoin showed its luster during the first half of 2020 amid mediocre returns from precious metals.