Alex Dudov
Bitcoin's Volatility Sets New Lows
The facts are that one just has to look at the market price and movements of Bitcoin. First, the dollar has been around $10,400 for the last few days. The fact that the commodity plunged to that amount as the trade of more than $12,000 had arrived of late August was quite pivotal in that $10,400. The capital lost to its 2020 peak point as much as $2,000.
But in the last few weeks, Bitcoin has reached – at least for the time being – a nice position of around $10,600. It's been there for a while and appears to be going late. This is also fantastic news because the commodity has been impacted by all types of bizarre reports but does not seem to change very much.
Negative Background for Bitcoin
Bitcoin was also firmly accused of federal charge for money laundering and financial manipulation, amid reports that BitMEX – one of the world's most famous crypto exchanges. It is believed by law allowing countries and people under sanctions such as Iran to access financial and cryptography information and resources through the trade channel involved in illegal transactions.
At the time of publication, BitMEX rejects all allegations of any criminal activity and has committed itself to fighting charges. Whichever way, this might easily have been a massive blow to Bitcoin, but the fact that it is centred is further indicative of a stable steady state of instability and a new maturity for Bitcoin.
Alex Dudov
