Crypto markets have seen a lull in volatility over the past week. Bitcoin price continues to trade around $29K, while the overall market also fails to perform. Shiba Inu (SHIB) experienced a slight increase, but it was related to specific news from Binance.
Bitcoin price could not make progress to go higher and was trading roughly where it was yesterday at $29K.
Meanwhile BTC is still trying to push towards $29.5K, but sellers are quick to block the move.
Additionally, the recent lack of volatility is also noteworthy. The 10-day realized volatility for Bitcoin almost falls below the average of stocks, bonds, and gold. In other words, BTC has been less 'volatile' than gold.
On the other hand, the altcoin market has also been inactive over the past 24 hours, with major cryptocurrencies failing to record any substantive movement, either up or down. However, it looks better than yesterday.
SHIB has been the best performer of the large market cap cryptocurrencies, showing an increase of around 5%. The main reason for this seems to be news related to Binance. The largest exchange has added SHIB as a collateral asset on its platform, meaning that users can now use it to get loans.
On the other hand, today's best performer from the top 100 is XDC Network (XDC) which is up 14%. The worst performer was Litecoin (LTC), which despite halving, fell 9% over the week and 4% over the day.
