Announces February results at 8.51%

March 9, 2021 - PRLog -- In a context of high volatility, recorded a new historical performance of 8.51%, fueled by the market and the progressive learning process operated by their system, thanks to artificial intelligence.

While many people were still seeing the queen of cryptos, Bitcoin, blithely exceed $60000 without scruples, it is worth remembering their recent warning.
However, no particular news seems to have justified the recent sharp correction, except for some understandable profit-taking after the new records at over $58000.

It should be noted that "market liquidity is currently much lower for Bitcoin than for gold or the S&P 500. Implying that even small flows can have a significant impact on prices", as Nikolaos Panigirtzoglou, an analyst at JPMorgan, recently stated in a recent note quoted by Bloomberg.

Bitcoin's trading volume is approximately $10 billion per day for the cash and futures market combined, compared to an equivalent figure of $100 billion for gold. This corresponds to liquidity ten times lower for Bitcoin than for gold (to which Bitcoin is - too? - often compared).

As more and more individual and institutional investors are moving into Bitcoin, such a context opens the possibility of sudden movements in both directions, generally dragging other cryptos in their wake.
Once again, this volatility is a source of satisfaction and fuel for Atradio's model, even as new exchanges (some of which are decentralized) continue to emerge, offering new arbitrage opportunities.
Source: » Follow
Email:*** Email Verified
Account Phone Number Verified     Disclaimer     Report Abuse PRs
Trending News
Most Viewed
Top Daily News

Like PRLog?
Click to Share