According to cryptobit.media, BTC today collected $10,500 after a month with moderate volatilityVolatility
– is a financial term that means a statistical indicator of price change. In the cryptocurrency world, it is used by traders as an indicator for managing financial risks. That is, it is a measure of trade risk and as a financial analytical tool for gambling. Details.
BTC price increased
Bitcoin for some time was in a state of undervalued below 10 thousand dollars, but it seems now the coin is returning to the previously held higher levels.
Some analysts link the change in Bitcoin’s volatility rate with a recent congressional hearing on the Libra case. More on our site
After the second session of the Libra hearing in the US Congress, with fewer negative references to cryptocurrency, as the attention of representatives switched more to the Facebook project and less to the cryptocurrency system, Bitcoin took advantage of this opportunity to correct some of the consequences of yesterday’s fall.
At the time of this writing, it is estimated at $ 10,504, increasing the price by more than 6.27% in the last 24 hours.
The price of Bitcoin depends on the hearing of Congress, in connection with this, cryptocurrency has grown. Recall the day after the speech of Project Libra head, David Markus, to the Senate Banking Committee, he spoke at a new hearing before US lawmakers to further defend Libra’s rights.
Editor: Yuliya Soroka