Bitcoin price action has become very tedious for many operators. This is because its price range has been adjusted in the last few weeks, ranging from $9,000 to $9,500. For this reason, the boring BTC price tires market traders.
The lowest Bitcoin volatility since October 2019
The price volatility of the BTC, the market’s leading cryptomone currency, has not been as low since October last year as it is now.
According to the Binance report, Bitcoin’s 30-day continuous volatility has trended downward since June 5, a decrease of more than 80% since April, resulting in price consolidation between $8,800 and $9,800.
Indeed, the narrow price range has also brought the 30-day Bitcoin volatility to its lowest level since October 2019, indicating the lack of directional bias. In this sense, the boring price of Bitcoin has led to market traders‘ fatigue.
A similar observation was made by Trade Block researcher John Todaro, who claims that the low volatility range of the main cryptomone currency has kept its price unchanged since April.
However, since Bitcoin Future has been unusually quiet and silent in recent weeks, Altcoin space has generated phenomenal returns. Altcoins have certainly taken center stage in recent weeks while attracting Bitcoin interest.
Bitcoin: Level of Volatility Has Not Been This Low in 9 Months
Bitcoin will never be truly private, says Andreas Antonopoulos
In a live broadcast of questions and answers on his YouTube channel on July 7, Andreas Antonopoulos has expressed that he would like to see more privacy attributes in Bitcoin.
However, it is unlikely that this will happen in the near future. Antonopoulos, who has pointed out that the creation of such attributes in a crypt currency such as BTC, he said:
„It would create a huge degree of discussion,“ he said, and it is unlikely that Bitcoin will ever implement privacy attributes similar to those used by Monero. „Bitcoin’s structure simply does not allow for ring signatures and stealth addresses,“ he said.
Binance faces regulatory problems in Brazil
The Binance crypto exchange is not authorized by the Brazilian Securities and Exchange Commission (CVM) to offer derivative products in the country. According to a press release, the platform does not have the necessary license to act as a securities intermediary in Brazil.
The CVM assures that it remains evident that Binance Futures still offers services for clients in Brazil. The control body requires Binance to suspend direct and indirect activity in the country „immediately“.
The CVM intends to impose a fine of R$1,000 (~$188) per day for breaking the law.