Quote from: Sayeds56 on September 15, 2023, 04:25:28 PM

Certainly, We all have witnessed decline in volatility within crypto currencies market, in particular when it comes to Bitcoin, which typically has a reputation for its extreme price swings. This decrease in price fluctuation can be explained by a variety of factors. One main contribution factor could be involvement of financial institutions that has brought sense of maturity to the crypto currencies space. Additionally, regulatory bodies like SEC have also contributed to more stable environment. Furthermore, the prevailing market sentiment that seems to favor price consolidation, and external factors. such as the current condition of global economy can also exert influence on this trend.

You are right that the price of Bitcoin is feeling quite a boring position. The kind of volatility that Bitcoin is known for is quite invisible, but one thing that seems to be changing this time is that earlier if the price of Bitcoin fluctuated, it would have the same effect on the market. But this time if the price of Bitcoin goes down even a little bit. So the entire cryptocurrency market falls more, and if the price of Bitcoin rises significantly, all cryptos rise very little. Of course, there are various factors involved, the most influential of which is the dispute between the SEC and Binance

Also, external factors often affect the cryptocurrency market and any bad news can bring the market down. Apart from this, FTX has also been allowed by the court to sell its assets, which has put a lot of pressure on the cryptocurrency market and Bitcoin. Due to which there are risks of the market falling further. Well, the month of September has not been good for the cryptocurrency market from the beginning and often the market can fall here and a bearish trend can be seen. The FOMC meeting next week may also have an impact on the market. The Binance threat is not over yet and it may even create a market rumble. The SEC is claiming that Binance is not providing them with complete information,and this is affecting the market badly.