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Binance Says Altcoins Taking Center Stage, Names Five Top Crypto Assets


Binance Says Altcoins Taking Center Stage, Names Five Top Crypto Assets

Binance just released an overview on the current state of the crypto markets. The leading cryptocurrency exchange says the majority of Bitcoin investors are holding on tight in anticipation of a big move, but whether BTC will break out or break down remains an open question. “The narrow price range has also driven Bitcoin’s 30-day volatility down to its lowest level since October 2019, indicating the lack of directional bias… From earlier observation, historical patterns suggest that volatility contraction often precedes expansion, which eventually leads to a breakout or breakdown. Furthermore, the reduced volatility could be associated with increased HODLing as traders do not feel incentivized to sell their Bitcoins. We also observed open interest growth in June, which may suggest that traders are positioned for a big move.” Read More...



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