Bitcoin trading volume tumbled last month amid waning volatility and little notable price swings in a market that speculators traditionally gravitate to for its turbulence.
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From Lack Of Regulations To Speculation: Why Crypto Is More Volatile Than StocksWhy Crypto Just Won’t DieHas Bitcoin become less volatile with global acceptance?Bitcoin’s bull run screeches to a halt; drops 7 per cent in a day to trade at $67,830 | Stock Market NewsJuly saw the lowest monthly trade volume for Bitcoin since November 2020, according to data from K33’s Bendik Schei and Vetle Lunde. The drop-off happened as volatility also plummeted, with the digital currency’s five-day volatility sitting below that of the S&P 500, tech stocks and gold, “a rare feat that has previously foreshadowed substantial volatility eruptions in the near term,” they wrote in a Tuesday note.
