Bitcoin Beating Stock Market, Continuing the Victory from Last Month
Currently, around $6,400, Bitcoin is maintaining stability while beating the stock market in continuation of last month. Though Gold surged as global markets got hit in October, this month is seeing a drop in its prices, for now, Bitcoin is yet again going steady with a few oscillations. What chance does it have now?
Bitcoin Outperforming Stock Market
Bitcoin might be down about 68 percent at the moment at $6,414 registering 24-hours gains of 0.04 percent. Ethereum (ETH) and XRP are also in the green by a small margin. The world’s leading cryptocurrency is managing the daily trading volume of $4 billion with a market cap of $111 billion.
If we take a look at the past 2 months, Bitcoin has oscillated between $6,200 and $6,900. What has been characterized as a highly volatile market has been recording the lowest volatility for the past 18 months now.
A number of positive news have made it to the market such as Nasdaq’s parent company ICE announcing the launch of Bakkt, Fidelity…
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