Bitcoin Price Analysis May 2018

Bitcoin has been trading sideways for over forty days. The crypto asset has been unable to break above $10,000 or remain.

Bitcoin is trading inside a tight range with its 10-day realized volatility dropping to a year-to-date low of 30 percent.

Bitcoin Euro Exchange Rate Bitcoin is unlike government-issued or fiat currencies such as US Dollars or Euro in which they are controlled by the country’s central bank. The decentralized nature allows it to operate on a peer-to-peer network whereby users are able to send funds to each other without going through intermediaries. Central bank digital currencies (CBDCs) could potentially

Pundits and analysts offered mixed reactions over whether the news is positive for the world’s first cryptocurrency or not.