BTC volatility plunges to June 2020 levels

01/11 09:51

According to Todayq, after a period of struggle, Bitcoin’s price managed to cross the $17,000 level over the weekends, but the price graph shows that the asset has been trading relatively flat with low volatility through the first ten days of 2023. This behavior of the asset is nothing new and very typical during a bear market. A recent report from Arcane Research, a research firm specializing in digital assets, commented on the stability of Bitcoin. The asset’s stability is reflected by the tranquility in the derivatives market and is driven by lower trading activity. Hence, this is also indicative of a reduction in speculative demand in the world’s largest cryptocurrency by market capitalization.
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DisclaimerThe content above does not represent HTX's positions.HTX does not provide any trading recommendations.

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