Bitcoin ‘solidifies’ support at $58K as BTC price volatility hits 7-month low
Encouraging signs point investors away from expecting the worst after BTC/USD reaches multi-day highs without significant retracement. Bitcoin (BTC) hit multi-day highs of $58,300 overnight into Nov. 25 with investors betting on the reduced likelihood of a further major price dip.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewData from Cointelegraph Markets Pro and TradingView showed BTC/USD ranging above $57,000 Thursday, printing a higher low on the daily chart.This, trader and analyst Rekt Capital believes, shows support “solidifying” at current levels, with hope, therefore,....
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Bitcoin expects to undergo major price swings in the coming sessions as its price volatility hits its lowest levels in more than a month.
180-day volatility dropped to its lowest level since Nov. 2018
Bitcoin strategists are waiting for a bias-defining price move as the cryptocurrency’s historical volatility falls to its lowest in three months. Jan Uytenhout, the co-founder of Capriole Investments in Denmark, iterated the outlook in a tweet issued earlier this Wednesday. The fund manager cited old references to show a correlation between the Bitcoin price and […]
XRP’s price is bullish once again, holding strong above the $1.40 level following a recovery across the broader cryptocurrency market. This bullish performance of the price is turning up on several key metrics, such as Realized Volatility, which has recently fallen to one of its lowest levels yet. Volatility In XRP Plunges To Its Lowest […]
Xrp was once again higher on Friday, as the token hit a 4-month high for a third consecutive session. The token formerly known as ripple has risen by over 50% in the last seven days, despite the current market volatility. Cronos was also a notable mover today, climbing by nearly 15%. XRP XRP was higher for a second consecutive session on Friday, as the token moved to a fresh four-month high. Following a low of $0.3398 to start the week, XRP/USD rose to an intraday peak of $0.5523 earlier today. As a result of today’s surge, which saw the price climb by over 10%, XRP climbed to its....