Bitcoin Volatility takes a Plunge as Choppiness Persists
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Over the past day, Bitcoin and Ethereum have both dipped slightly lower since the volatility of the former is currently at a level not seen since July 2020.
Recently, price movement in the cryptocurrency markets has been very quiet. According to CoinGecko data, ether dropped 0.6% in the same time frame to trade at $1,343, while bitcoin was trading at $19,285 today, down 0.8% for the day. Because of the lack of price fluctuation, bitcoin volatility has fallen to new lows.
The Block’s statistics dashboard shows that annualized bitcoin volatility is presently at 27.06%, which is the lowest level since July 2020, when it dropped as low as 23.37%. In this context, volatility is defined as the standard deviation of the daily percentage change in the price of bitcoin over the previous 30 days.
AAVE and XTZ were also added to Robinhood on Monday. Both increased after the news but later gave up their gains, with Aave’s token declining significantly over the past day. According to CoinGecko, AAVE was trading at $82.06 at the time of writing, down 5.6% from the previous day, while Tezos’ token remained steady at $1.36.
Five Countries Control 31% of All Bitcoin Nodes
Investors, particularly new ones, may be interested in learning which nations have the most Bitcoin nodes that are still available for connections because peer-to-peer (P2P) is a key component of its mining.
31% of the world’s reachable nodes, according to data provided by analytics company Bitnodes, are concentrated in only five nations. These include Canada, the Netherlands, Germany, France, and the United States.
The United States accounts for 1,844 nodes (13.2%), while Germany is second with 1,362 (9.8%). France comes in third on the list with 434 (3.1%), followed by the Netherlands with 374 (2.7%), and Canada with 297 (2.1%).
Any machine running the BTC implementation and storing the whole blockchain is a bitcoin node, validating each block and transaction before it is added to the network.
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