Bitcoin (BTC) has been relatively less volatile compared to the crypto market. So far Wednesday, the Digital Money has added 1.88% to $18107.76.
Low Volatility
InvestorsObserver gives Bitcoin a low volatility rank of 11, placing it in the bottom 11% of cryptos on the market.
The Volatility Gauge analyzes this means that the rank represents its recent trends and isn’t overly influenced by a sudden spike – or two – in volatility.
BTC’s low volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.
Bitcoin price is trading above resistance. With support near $17280.22 and resistance around $18098.55. This positions Bitcoin out of range and potentially in a volatile position if the rally burns out.
What is a Coin?
A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.
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