The main cryptocurrency demonstrated minimal fluctuation over the past few months.
In the futures markets, the volatility of bitcoin in October was the lowest value, according to the CCN portal with reference to the CBOE expert Kevin Davitt representing the options Institute of the Chicago stock exchange.
After analyzing futures bitcoin on the trading floor of the CBOE, Davitt said:
Last week ended 26 October, demonstrated the lowest volatility. If we study the dynamics of the movement of bitcoin during October, the volatility was for this period only 6.6%, which was the lowest value in recent months
Since December of last year, when the exchange CBOE were launched the first futures main cryptocurrency, the volatility of bitcoin was to 15.65%. As a result, the coin was in a state of hard turbulence in December and January showed the maximum value.
Then began the decline, and now bitcoin is trading at $6436. Market capitalization the primary digital asset is about $111,7 billion, and the index of dominance of bitcoin fell to 52.1% of the material should be CoinMarketCap.
Low volatility of the cryptocurrency market became the reason of reduction of trade turnover with coins on the exchanges. For example, in the largest crypto currency exchange Binance, in October the volume of transactions with digital assets fell by 32%, when compared with data for September.