INTERNATIONAL - Bitcoin’s going through a serious quiet spell. The world’s largest digital currency is seeing fewer major price swings and low volatility, signs that the coin may be nearing a bottom.
This month, Bitcoin has had only one day with a move of 5 percent or more, compared with nine in January and February.
The low volatility is "a sign of speculation leaving the market and eventually a bottoming process," said Bloomberg Intelligence analyst Mike McGlone. "High volatility is a major factor lessening most cryptocurrency use cases for anything other than speculation."
Bitcoin dry spell
The digital token is seeing fewer days with large percentage changes