Bitcoin (BTC) has been relatively less volatile compared to the crypto market. So far on Saturday, the digital money is down 1.74% to $38252.49.
InvestorsObserver gives Bitcoin a volatility ranking of 10. Find out what that means for you and get the rest of the rankings on Bitcoin!
Low volatility
InvestorsObserver gives Bitcoin a low volatility rank of 10, placing it in the bottom 10% of cryptos on the market.
The volatility gauge tracks this, meaning the rank represents its recent trends and isn’t unduly affected by a sudden spike – or two – in volatility. BTC’s low volatility score goes hand in hand with a low score on the risk-reward meter, meaning the coin has relatively narrow price swings and is well protected from price manipulation.
Bitcoin price is in a favorable position for the future. With support near $37260.12 and resistance at $38911.85. This enables Bitcoin to run before it faces any selling pressure.
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, the intended use of these payments can vary from general uses in the Digital Money subclass to more specific uses in some other subclasses.
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