Market Wrap: With Low Volatility, Traders Seem to Like $9,000 Bitcoin
Bitcoin traders love hitting buy on their terminals when the price is around $9,000.
The commission’s technology advisory committee made several presentations on various blockchain applications including CBDCs and digital tokens during a four-hour-long remote meeting last Thursday.
The ratio of low exchange volume to high on-chain transaction volume frequently corresponds with increased volatility.
The two biggest cryptocurrencies are hitting 2020 highs, though for different reasons.
Bitcoin is locked in a low-volatility squeeze similar to one seen ahead of a 40% price crash in November 2018. This time may be different.
As bitcoin's volatility tumbles to a 15-month low, is there enough trading volume to go round for the world's 400-plus cryptocurrency exchanges?