JP Morgan: Bitcoin’s Decreasing Volatility Makes It More Appealing to Institu...
JP Morgan says that bitcoin’s volatility has decreased in recent weeks, making the cryptocurrency more appealing to institutional investors. The investment bank has also revised its bitcoin price target to $130,000. Increased Institutional Adoption, New Price Prediction for Bitcoin JPMorgan said last week that bitcoin’s price volatility has been declining in recent weeks, noting that this has made the cryptocurrency more appealing to institutional investors seeking low-correlation assets to diversify their investment portfolios. Bitcoin’s high volatility has been one of....
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Bitcoin volatility is not at the same level seen during the 2017 bull run but analysts still say lower price swings are necessary to maintain upward momentum. Bitcoin (BTC) has hit a new high above $51,300 in a continuation of its bullish advance that begun in October 2020.According to Bloomberg, the current run is different from the 2017 bull rally that topped out below $20,000 in terms of volatility.Indeed, data from Woobull Charts puts Bitcoin’s 60-day volatility at 14.25%, a significant decline from the over 32% recorded at the zenith of the 2017 bull run.Bitcoin 60-day Volatility.....
Morgan Stanley said the integration of Strike and BlackHawk Network lets bitcoin enter physical locations, which makes up 85% of U.S. transactions.
JP Morgan bunched proxy crypto stocks to give skeptical investors exposure to the crypto economy. Cryptocurrency adoption has been penetrating the mainstream at an exponential rate. While most investors are going straight into buying the likes of Bitcoin (BTC) and Ether (ETH), a few skeptical investors want to invest in the cryptocurrency economy without exposure to tokens’ volatility directly. This volatility is evident in the recent all-time high Bitcoin of around $61,700 reached on March 14, before dropping to trading in the $56,000 range and then rising to around $59,000 at the time of....
Bobby Lee, co-founder and CEO of a major Chinese bitcoin exchange BTCC, recently stated that the decreasing volatility rate of bitcoin is a sign of maturity which can be served as an evidence to prove that a store of value can, in fact, be digital in nature. Over the past year, the volatility rate of bitcoin has substantially decreased, moving down from 4.97% in the beginning of the year to 1.41% in December. Bitcoin gained further stability in 2016 as it overtook many reserve or national currencies in market cap. In the second half this year, the bitcoin industry received significant....
Bitcoin volatility has fallen since 2011 and compared to the U.S. dollar currently sits at about 3-4 times higher than the Japanese yen, British pound, and euro. High volatility in the digital currency space has long been cited as a reason against adoption. But, as charts and analysis demonstrate, it is very likely that Bitcoin volatility is trending....