Bitcoin 2 (BTC2) has been relatively more volatile when compared to other cryptocurrencies. So far Monday, the Digital Money has increased 34.39% to $0.3380134253.
InvestorsObserver gives Bitcoin 2 a high volatility rank of 96, placing it in the top 4% of cryptos on the market.
The Volatility Gauge follows meaning that one day won’t make or break its rank.
BTC2’s high volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively wide price swings and is well protected from price manipulation.
Bitcoin 2 price is in a favorable position going forward. With support at $0.161073114596684 and resistance near $0.429165597878774. This leaves Bitcoin 2 with room to run before facing selling pressures.
What is a Coin?
A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.