the Kraken released its market analysis for the month of June. Thus, the Bitcoin volatility reached new heights. To observe in the same train, a Fort is set of the price trends, since April of this year.
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19. July 2019BTC$10.329,00 9.87%part Facebook Twitter LinkedIn xing mail
expected over a year, Bitcoins volatility is 73 percent. Thus, the fluctuation in Value of crypto-currency no 1 is as high as it has been since November of 2018, not more. This is likely to be primarily due to the high trading volume of 42.3 billion dollars, in consequence, the courses exorbitant jumps made.
as an example here is the Pump of the Bitcoin course of 13,800 US dollars from the 26. To designate June a price increase of 18 percent in one day after all. That such Bull Runs are not sustainable, then shown the empiricism. Finally, Bitcoin investors suffered in consequence of loss of nearly 2,000 dollars in just a few minutes.
correlation to traditional Assets
compared to may of this year in fact, in terms of correlation to other Assets like the stock market, a lot of things. They rose in a significantly positive direction. The monthly correlation with the S&P 500, one of the most important stock indices of the world, in may to 85 percent. In June this value is turned around however almost. Because, as Kraken was reported, it was for the following month approximately +58%.
for all other examined asset classes in a more or less positive correlation was recorded in June of this year. Who would like to learn more about the connection of the courses to traditional investments in comparison to Bitcoin & co., click here.
US policy is bringing BTC to the Agenda
One thing is clear: Regardless of the fact that some representatives of the US policy is quite open to Bitcoin have expressed, have ensured the most recent Parliament sessions for a great deal of hustle and bustle in the media. There is hardly a Medium of missed it, about David Marcus Committee of the US appearance before the Finance to report to Parliament. The positive image that makes the debate of Bitcoin behind, will also have a potential impact on the course, is not far-fetched. The Kraken looks similar.
the US Central Bank policy looks at the Bitcoin exchange as other potential price drivers. FED Chairman Jerome Powell, a trump call for a further easing should the descendants of the monetary policy, could have an impact on rising Bitcoin prices. Finally, investors in a low interest-rate environment are more willing to invest in risky investments such as crypto-currencies.
Why does a rising volatility of Bitcoin as an asset class so attractive, we will explain here.
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