Blockchain And Crypto News
What is happening to btc?
BTC rate has been on record lows in recent weeks, in spite of strengthened geopolitical uncertainty around the world. Data from an advanced crypto analytic firm Ceteris Paribus showed that it hasn’t had a 5% daily move for 24 straight days. This is the longest since a 27-day streak that ended on Apr 1, 2019. 1 month return after that was +31%.
The longest streak before that was 29 days which ended on Nov 13, 2018. 1 month return after that was -48%.
It should be noted that BTC has closed between $9,000 and $10,000 levels in the last 43 straight days. Data obtained from Coinmarketcap shows that the flagship cryptocurrency is still trading below the $9200 level, with a market capitalization of about $168 billion and a daily trading volume of about $15.7 billion.
See Also: 5 questions concerning Coinbase rumored IPO
Quick fact: Realized volatility refers to volatility as defined by various times pans. Low volatility tends to concern BTC traders and analysts, particularly over extended periods, as a kickback is all too often triggered afterward.
What you should know about the BTC
