Bitcoin (BTC) Volatility Higher in October, Expecting Monthly Gain

© Reuters.  Bitcoin (BTC) Volatility Higher in October, Expecting Monthly Gain © Reuters. Bitcoin (BTC) Volatility Higher in October, Expecting Monthly Gain

(BTC) increased its volatility in October, and is just a day away from posting the first monthly gain since the summer rally. The BTC volatility index grew from 3.04% at the beginning of October, to 4.01%.

The volatility in the past days was caused by a rally that added 42% to the price within hours. Before that, increased activity happened during a sell-off event. In all, BTC made its largest price swing this month between $7,500 and $10,000.

BTC started to unravel on Wednesday, sinking possibly down below $9,000 again in the coming days. BTC traded at $9,180.40, down 2.38% in the past 24 hour...

This article appeared first on Cryptovest

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