The crypto community witnessed the quick recovery of Bitcoin’s price since the peak of the pandemic. Now, the king coin has recorded a 43 percent increase in terms of addresses in profit. The volatility of Bitcoin is significantly low. Bitcoin Addresses In Profit Record New Highs Since COVID Slump COVID-19 is mankind’s deadliest nightmare that
Many members of the cryptocurrency community have been viewing Bitcoin as a safe haven asset. However, a Professor from South Korean and the Chairman of Forbes Inc. call out Bitcoin’s volatile nature. Is Bitcoin Cut Out To Be A Safe Haven Asset? It’s been more than a decade since Bitcoin hit the market. Touted as
Bitcoin’s three-month realized volatility (RV) and implied volatility (IV) spread is rising to all-time highs after a sharp rise towards $10,000 in the early Asian market hours on May, 8. The wide RV-IV spread signals a possibility of options trading cheaper than expected as the Bitcoin options open interest hit an all-time high of $1.07
The past three months of the year have been a rollercoaster ride across the world as the COVID-19 pandemic set the global assets and economies at a standstill or regressing pattern. Assets across the board including stocks, gold and Bitcoin (BTC) have suffered during this time setting record volatility levels across the month of March.
Bitcoin, more often then not, has been criticized because of the volatility in its price. However, a statistic that has come to light suggests a different story. The President and CEO of the Federal Reserve Bank of New York, John C. Williams noted in April 2018 that: “…volatility makes them [Bitcoin and cryptocurrencies] an unstable store
If anyone was asked a couple of months back, the reason why Bitcoin cannot replace fiat currencies, it would definitely be linked to its volatility. But this case seems to be changing as over past 5 weeks bitcoin has remained stable around USD 6500, a behavior similar to a matured fiat currency. Volatility dries as