Bitcoin's extreme volatility vanishes amid 'extreme apathy and exhaustion'
Bitcoin has hovered around $29 000 every trading session in August so far, data compiled by Bloomberg shows.
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Bitcoin has hovered around $29 000 every trading session in August so far, data compiled by Bloomberg shows.
ASK anyone to name a typical characteristic exhibited by Bitcoin and they might mention that it’s volatile. But it turns out that of late, the most popular digital token has been anything but. Gauges that measure the price swings of the original cryptocurrency, which is trading at around $29,000, have…
Bitcoin may be closer to bursting out of a period of unusually low volatility, if chart patterns and its history are any guide.
(Bloomberg) -- Bitcoin may be closer to bursting out of a period of unusually low volatility if chart patterns and the token’s history are any guide.Most Read from BloombergEveryone Wants to Work at UPS After Teamsters DealWeWork Tumbles After Raising ‘Substantial Doubt’ About FutureTycoon Who Gave Away $750 Million Sees Profit in Loans to PoorTesla CFO Kirkhorn Exits With $590 Million FortuneWall Street WhatsApp, Texting Fines Exceed $2.5 BillionSome gauges of how much the largest digital asset
(Bloomberg) -- Bitcoin trading volume tumbled last month amid waning volatility and little notable price swings in a market that speculators traditionally gravitate to for its turbulence.Most Read from BloombergUS, Europe Growing Alarmed by China’s Rush Into Legacy ChipsCharles Koch-Tied Group Seeks to Block Trump From GOP NominationAsia’s Richest Families Fuel Race for Lucrative Finance JobsSingapore PM to Address Political Scandals in ParliamentStock Rally Takes a Break as Treasury Yields Clim