Crypto News 

Bitcoin trapped in tighter range than Mexican peso, Brazilian real and other popular currencies

“You may be surprised That range is tantamount to what might be seen in popularly traded fiat currencies, including five of the 20 most traded currencies by volume, according to data from the Bank for International Settlements” writes Aaron Hankin for marketwatch.com. Bitcoin volatility has plunged to levels where day traders looking to capitalize on big moves might be better off switching from virtual to tangible currencies.However, despite the pick up in fiat volatility, the story has been bitcoin.In the first two months of 2018, bitcoin traded from above $17,000 to below $6,000, making it one of the hottest assets for volatility seeking money-makers.Since Sept. 7, the price of a single bitcoin BTCUSD, -1.10%  has oscillated on either side of $6,500, not venturing outside the $6,000 to $7,000 range, limiting its top-to-bottom range to less than 8%.
 
Source: marketwatch.com



Share This:

Related posts