Cryptocurrency Market Update: Bitcoin and S&P 500 correlation spikes, what to expect?

in hive-116221 •  last month 


A report recently released by Kraken, a cryptocurrency exchange finds that Bitcoin's volatility tanked to a six-month low of 51%. The report titled "Kraken June 2020 Bitcoin Volatility Report" highlighted BTC's calmness in June. In spite of the low volatility, Bitcoin saw new entrants such as Wilshere Phoenix which filed with the US Securities and Exchange Commission (SEC) to expand its offerings to crypto.

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