The Bitcoin price has taken a battering over the past year. But at the same time, its volatility is at a historic low. Will BTC critics finally admit it’s a currency yet?
Crypto markets are making a rebound in January, but there’s no certainty as to whether the bottom is in. Nearly all the major cryptocurrencies are up by double digits on the seven-day chart.
The Bitcoin price has soared over 20% to breach the $20,000 level.
Crypto Markets Explode to Start 2023: BTC Surges 23%
Crypto markets seem to be reacting favorably to the latest CPI report. The official U.S. inflation measure saw prices edge down in December, calming global recession fears.
But the explosion of crypto prices has a long way to go before anyone can speak of a steady Bitcoin price recovery.
Still, one interesting aspect of this crypto winter is the freeze on Bitcoin price volatility. Even with a blowout crypto price rally, 24-hour Bitcoin price volatility has hardly notched upward.
While a recent report appearin
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