Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, October 22
The Financial Action Task Force (FATF), a global anti-money laundering (AML) supervisory body, will set up rules to monitor cryptocurrencies by June of next year. This is a welcome step that will create uniform regulations and reduce the use of virtual currencies for money laundering and terrorism financing.
In 2017 and in early 2018, Bitcoin’s volatility was a hot topic. It was cited as one of the key deterrents in the mass adoption of cryptocurrencies. Fast forward to the last quarter of 2018, and the 20-day historical volatility (HV) of Bitcoin has fallen to 31.5 percent, below that of top stocks like Amazon, Netflix, and Nvidia Corp, whose HV is 35 percent, 52 percent, and 40 percent respectively.
Is this the new normal or just the calm before the storm? Only time can answer that. Let’s study the charts and identify the key levels that will determine whether the