Axar.az
UP
19 November 2018


Bitcoin volatility sinks to lowest in nearly two years

Home page Economy
12 Punto 14 Punto 16 Punto 18 Punto

Bitcoin has experienced one of its worst annual price performances of its short 10-year-old life but also appears to have become more stable in the process.

Axar.az reports citing Reuters that volatility of the original and biggest cryptocurrency has sunk to its lowest for nearly two years, with price swings falling lower than increasingly edgy U.S. stocks for more than two weeks in a row.

Measured on a weekly basis, bitcoin volatility is set to fall to its lowest since the end of 2016, when the digital coin was still a niche asset yet to muscle its way into global focus.

Volatility has been a major characteristic of the digital currency, which turned 10-years-old last week, throwing up major hurdles to its emergence as a mainstream asset class.

Bitcoin volatility sinks to near two-year low interactive

Most mainstream institutional investors, skeptical about its ability to store value in any predictable way, have also stayed clear. At the same time, regulators across the globe have emphasized price instability when issuing warnings to retail investors dabbling in the cryptocurrency.

Date
2018.11.06 / 21:47
Author
Axar.az
Comments
See also

Azerbaijan sees 0.1% growth in oil production

Azerbaijan’s main pipelines transport 34.6 million tonnes

Gold production declines by 30% in Azerbaijan

Venezuela interested in Russia's participation in gold mining

VW embarks on $50 billion electrification plan

Azerbaijan prepares initial conditions for issuance of e-money

'Weapon for US', challenges EU sovereignty

Azerbaijan’s economy grows by 0.8%

Azerbaijani oil price nears $69

Gas supply to Azerbaijani population increases

Latest
 
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla