This month's owner's price volatility fell to its lowest level in 15 months, confirming the unfavorable market conditions in the cryptocurrency market. The Betcuean Volatility Index, which tracks the evolution of BTC prices using the standard deviation of open daily rates, fell to 2.52% on Wednesday from 30 days.
A weak swing is a double-edged sword. On the one hand, investor confidence is reinforced by the fact that the Betquin market matures after years of sharp price fluctuations. On the other hand, this results in significant price increases similar to those of 2017. As such, billionaire investor Mike Novogratz estimates that it is unlikely to lose $ 9,000 this year.
The Pitcairn price peaked at $ 6,650 on Thursday, but has since fallen to $ 6,550 - $ 6,600. The combined capitalization of all encoded currencies was around $ 220 billion throughout the week.
