At first blush, bitcoin becoming less volatile than stocks might appear like a positive development. But crypto traders are warning otherwise.
bitcoin becoming less volatile than stocks might appear like a positive development. But crypto traders are warning that in a low-volume environment, that might not be a great thing.
Daily readings are hovering around $47-billion right now, down from more than $100-billion at the start of the year “Low volatility in bitcoin might not necessarily be a good thing, especially if it’s on low volume,” Ark Investment Management analyst Yassine Elmandjra said on Tuesday. Elmandjra cited late 2018, when bitcoin was hovering around $6 000 and many had expected what appeared to be overly pessimistic sentiment to result in a short squeeze, though the coin instead “dumped” to $3 000.
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