Volatility and Liquidity: How Bitcoin Compares to its Cryptocurrency Competitors
2016 has been a bull year for privacy-focused cryptocurrencies. Just as an example, last year we saw the rapid appreciation of monero, the mega-hyped launch of zcash (which peaked at an astounding $5,300 per coin) and subsequent pumps in other similar offerings including shadowcash and navcoin. But, while it may seem like these crypotcurrencies are something new or novel, I would argue that all of these are "payment coins" competing in the battle win the war to be general money. Let me explain. While most altcoins tend to be forging into market specific "appcoin"....
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According to an analyst, Bitcoin sits in a liquidity set-up that has shown up before big rallies. Prices are not shooting higher yet. At press time Bitcoin trades around $104,500, down 0.5% over the past day. Related Reading: XRP’s Next ‘Face-Melting’ Rally Could Hit Within 6 Weeks—Analyst Traders watched a decline of about 1.8% earlier that pushed the price near $103,400 and it briefly touched $102,850 during the move. Stablecoin Signal Points Toward Accumulation CryptoQuant analyst Moreno points to the Stablecoin Supply Ratio, or SSR, as the first clear indicator. The SSR compares....
The Bitcoin price has made an easy turn off the bottom of the advancing wave and is proceeding higher amidst optimistic trade today. An IMF special report, entitled the "Global Financial Stability Report", was published today and warns of potential shocks and increased volatility in global markets. Links to Sections: IMF Warning: Low Liquidity and Volatility. Global Economy. Bitcoin Price Analysis. Comments. IMF Warning: Low Liquidity and Volatility. The extended period of monetary accommodation and the accompanying search for yield are leading to credit mispricing and asset price....
Mainstream media outlets are beginning to advance the idea that Ethereum and Bitcoin are traditional competitors. This notion does not make much sense. Ethereum and Bitcoin are two different expressions of a similar notion, with important differences that ultimately make them fundamentally different. While it is true both have great uses for online gambling, especially where it’s illegal, calling them competitors might be akin to calling fiat currencies competitors. While in a way they are, they are much more symbiotic in today’s political economy than competitors generally are considered....
As the world’s most liquid asset, bitcoin’s price volatility in times of economic crisis likely reflects its independence, not lack of faith.
COTI’s new Crypto Volatility Index allows traders to profit from highly-volatile cryptocurrency markets. COTI, a blockchain-powered fintech startup, has launched a new cryptocurrency index enabling traders to profit from the market volatility.The new Crypto Volatility Index, or CVI, brings the traditional “market fear index” to the crypto market, allowing users to deposit and open positions with Tether (UDST).Gibraltar-based COTI explained that the new index allows traders to open CVI positions for high and low volatility. “Users who expect volatility to increase can open a CVI position.....