Cryptocurrencies are on the rise due to bitcoins recent lack of volatility.
The bitcoin volatility index has bitcoin at a standard deviation of 2.77%. This is the lowest it has been since May 2017. Bitcoin has not been outside the range of $7,000-$8,000 since May 22.
This lack of volatility looks to be a positive sign for people investing in cryptocurrencies. Currencies such as Bitcoin, Ethereum, Ripple, and Litecoin are all up on the day.
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