Btc stabilizes at 70,000

Few movements in the cryptocurrency market. Digital assets start the week quite flat, with falls after the closure of the Asian markets that they are trying to compensate at the beginning of the European session. Bitcoin (BTC) is currently below $70,000, the level at which it has been moving for the last week, while Ethereum (ETH) is around $3,550.

The truth is that, after the notable falls observed in mid-March, bitcoin has remained relatively stable at these levels, with falls below $69,000 and rises that have not broken above $71,000 in a single period. last week marked by a lack of activity derived from Easter.

However, the relative stabilization around these current prices has not served to relax the volatility data recorded by the king crypto asset in the last month. According to data from the cryptocurrency analysis company Kaiko, BTC's 30-day volatility exceeded that of ETH by 10 percentage points, rising to almost 60% and representing the highest figure recorded in the last year. "The low liquidity and fragmentation of the cryptocurrency market, as well as possible manipulation attempts, are factors that contribute to these sudden falls, which are unlike anything seen in traditional markets," the Parisian firm explains.