Bitcoin’s [BTC] abrupt price rally with no specific reason could drive volatility higher, claims SFOX report

2019-4-6 08:53

SFOX Inc., which operates as a cryptocurrency prime dealer, released the Crypto Volatility Report for March 2019. The report predicted that BTC’s price uncertainty could drive volatility high. BTC’s price surged by 25% in just two days from $4,089 to $5,089 without a concrete explanation, the report claimed.

Taking into account the 2017 rally as a substantial indication, SFOX detailed that the sharp price movements of the largest crypto asset, not induced by specific reasons, could potentially generate higher uncertainty in the market, which in turn would push volatility upwards.

The report elaborated that the volatility movements exhibited by top altcoins like LTC, BCH, and ETH were not related to Bitcoin and stated,

“.. that the industry at large may be growing beyond BTC.”

Bitcoin Cash [BCH] rallied 18% in two days. Despite the reason speculated behind the spike being a certain announcement associated with the chain’s hard fork by the end of this year, the report cited that it did not seem to be an evident cause for the abrupt spike.

The report went on to say that the BCH rally in March was most likely one of those “spooky rallies” that could not be directed to any specific reason as the asset recorded a significant trading volume at LBank during the month. This was the same trading platform that came under scrutiny for “potentially faking a significant fraction of their alleged trade volume”.

Litecoin’s [LTC] rally and subsequent price doubling for 2019 was attributed to its adoption spree, lower fees, efficient transactions, an exploration of private transactions, and the approaching LTC halving, mentioned the report. According to the SFOX, LTC’s volatility decreased substantially with prices residing to the range of $55 – $61.

ETC, the second largest crypto asset, became more volatile from the beginning of the month. The report cited,

“This may be a function of increasing uncertainty about the future of this particular blockchain: on the one hand, ETCLabs’ renewed focus on Dapp development [especially Dapps focused on the Internet of Things] has some believing that ETC may be a currently undervalued platform for powering the next evolution of internet technologies.”

The latest 51% attack on ETC, and Anthony Lusardi resigning from prominent ETC roles were also believed to be the cause of volatility.

The post Bitcoin’s [BTC] abrupt price rally with no specific reason could drive volatility higher, claims SFOX report appeared first on AMBCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 69355.36 (-0.77%)
Объем 24H $36.112b
Изменеия 24h: 4.80 %, 7d: 9.91 %
Cегодня L: $66031.14 - H: $70347.91
Капитализация $1366.374b Rank 1
Цена в час новости $ 5022.72 (1280.83%)

report price volatility btc could rally sfox

Источник: ambcrypto.com

report price → Результатов: 126


CEO Of Tron Hints New Partnership, TRX Coin Price Pump Present Again

In a recent News BTC report, it was noted that the crypto market has lost yet another USD$20 billion in its total market capitalization last week. As witnessed via statistical data, Bitcoin’s and Ethereum’s value remained the same more or less, while altcoins found themselves in a fluctuating situation. By the weekend, most of the […]

2018-10-15 08:50


Verifer ICO

Verifer provides AML, KYC, PEP and several Compliance verifications but also investigation reports from Companies, products, crypto-currencies etc. Verifer is producing two separate platforms, one designed so that we can speed up the verification process up to a dozen fold compared to the current one.

2018-10-14 13:46


Фото:

Report: Bitcoin Fails to Capitalize on Pressing World Economic Issues – Odds Don’t Look So Favorable in the Future

Business Wire reported on Oct. 9 that Juniper Research, a UK-based research firm, released a report stating that Bitcoin’s price not only has plummeted since the beginning of the year but also has failed to take advantage of ongoing US–China trade wars, weak fiat currencies, and Brexit uncertainty.

2018-10-11 19:39


Фото:

Ethereum Finds Potential Use Case in Hurricane Florence’s Arrival: Automated Insurance Payouts

Ethereum (ETH), the largest altcoin concerning market cap seems to be on a long ride down, as the price of the smart contracts-focused crypto token has slumped considerably in the past few weeks. However, this has not deterred enthusiasts from exploring new horizons, as according to a report on Forbes, dated September 11, 2018, Ethereum’s blockchain could play a pivotal...The post %%POSTLINK%% appeared first on %%BLOGLINK%%.

2018-9-14 20:00


VeChain Price: Strong Momentum Courtesy of CNBC, Foundation Report, and OceanEx

The momentum has finally turned in favor of cryptocurrencies again. If previous runs are any indication, the momentum will not last for more than a few days, unfortunately. The VeChain price is noting some solid growth as of right now, primarily thanks to some interesting developments which will make their mark on this ecosystem in […] The post VeChain Price: Strong Momentum Courtesy of CNBC, Foundation Report, and OceanEx appeared first on NullTX.

2018-9-13 12:09


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Liquidation heatmap shows volatility ahead as Bitcoin drops to $57k

Monitoring liquidation levels is crucial during periods of price volatility, as they indicate where significant price movements can occur due to forced sell-offs or buy-ins.  Tools like Coinglass’s liquidation heatmap are invaluable as they visually represent where the market holds large amounts of leveraged positions, identifying potential price points where forced liquidations will occur if […] The post Liquidation heatmap shows volatility ahead as Bitcoin drops to $57k appeared first on CryptoSlate.

The Rise of Crypto Options and Structured Products

Retail dominance of crypto trading and the lack of institutional infrastructure and participation has led to imbalance in the structure of the options market. Here’s how we can address these challenges, says Abdulla Kanoo, Co-Founder of ARP Digital.