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Intotheblock: Bitcoin 30-Day Volatility Has Dropped to Two-Year Low

By Simon LawsonOctober 23, 20221 Min Read
Intotheblock: Bitcoin 30-Day Volatility Has Dropped to Two-Year Low
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Bitcoin’s 30-day volatility has fallen to a two-year low, according to data disclosed by Lucas Outumuro, director of research at crypto analytics firm IntoTheBlock.

Additionally, the top two crypto-assets, Bitcoin and Ethereum, continued to see exchange outflows this week compared to previous weeks, and exchange withdrawals may indicate investors are storing their cryptocurrencies in centralized Outside of exchanges, the indicator also shows that market participants are buying Bitcoin and Ethereum for the long term.

Lucas Outumuro also noted that Bitcoin network fees, which track spending willingness and the need to use crypto assets, have rebounded 55% this week from their yearly lows posted last week, while Ethereum’s network fees are relatively high by bear market standards.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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