Research from on-chain analytics platform CryptoQuant suggests that range volatility behavior will continue to frustrate bitcoin bulls. Analyst Percival pointed out that the Bitcoin 14-Day Volatility Index (CI) is in early territory and shows corrective movement during consolidation (note: higher CI values indicate more volatility in market conditions, and lower ones indicate that the market trend is up or down), which means that in the short term, bitcoin bulls may see slow progress in price di...
According to Forbes, the latest research shows that major Financial Institutions Groups including the Minneapolis branch of the Federal Reserve, the European Central Bank (ECB) and the international monetary fund (IMF) are stepping up their research on bitcoin. These institutions are generally concerned about the potential impact of bitcoin on traditional monetary policy. The European Central Bank is close to 7% in bitcoin prices.