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Bitcoin has an unusually quiet period awaiting the results of the US elections
Money and business
Economy News - Follow-up
[rtl]Bitcoin is experiencing an unusually quiet period as speculators scale back their activity ahead of the upcoming US election.[/rtl]
[rtl]The cryptocurrency’s price has fluctuated by less than 5% for 34 consecutive sessions through yesterday, the longest such streak of calm in a year, according to data compiled by Bloomberg.[/rtl]
[rtl]The calm in price movements did not meet the expectations of many investors in the cryptocurrency community, as this asset class usually performs well in October every year, earning it the nickname “October” (a combination of the two words “highs” and “October” in reference to the highs that usually occur in this month.).[/rtl]
58 views
Added 10/13/2024 - 9:03 AM
https://economy-news.net/content.php?id=48637
Money and business
Economy News - Follow-up
[rtl]Bitcoin is experiencing an unusually quiet period as speculators scale back their activity ahead of the upcoming US election.[/rtl]
[rtl]The cryptocurrency’s price has fluctuated by less than 5% for 34 consecutive sessions through yesterday, the longest such streak of calm in a year, according to data compiled by Bloomberg.[/rtl]
[rtl]The calm in price movements did not meet the expectations of many investors in the cryptocurrency community, as this asset class usually performs well in October every year, earning it the nickname “October” (a combination of the two words “highs” and “October” in reference to the highs that usually occur in this month.).[/rtl]
58 views
Added 10/13/2024 - 9:03 AM
https://economy-news.net/content.php?id=48637
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