Nitro Tech Blog

Bitcoin has many attributes. Loud, deceptive, baffling, and even phony. But it was never boring. However, it has been frighteningly subdued recently. The king of volatility has been dealing with conditions uncharacteristically for days at around $20,000 and hasn't ventured much since June. This is causing problems for traders and exchanges that are taking advantage of the wild bitcoin prices, and it opens the door for rival ether that is preparing to advance the crypto game by moving to a more agile and resilient blockchain. “Bitcoin is not dead, it is boring at the moment, so traders are really looking for alternatives,” said Martin Lennweber, digital asset product strategist at Market Vector. Urgent: A severe recession will hit Europe.. Gas rises 35% in hours According to data firm Coinglass: Bitcoin’s 30-day average volatility — a measure of how its price varies over a given time period — has fallen to 2.7% from more than 4% in early July. That number held steady at less than ...