ID : 127412

Bitcoin is No Longer the King of The Swingers in The Cryptoverse



Type : Sell
Location : Noida

The king of the swingers has been unusually stalling at approximately $20,000 and hasn’t gone much higher than that since June. According to Martin Leinweber, digital asset product strategist at MarketVector, “Bitcoin is not dead, it’s just uninteresting right now, therefore traders are seeking alternatives.” According to research firm Coinglass, Bitcoin’s average 30-day volatility, which measures how its price changes over a specific time period, has dropped to 2.7% from above 4% in early July. In contrast to the previous five years, when even periods of lower volatility were followed by jumps as high as 7%, that number has maintained firmly below 5% in 2022, even through the most stressful months of the “crypto winter” of low prices. 

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