Bitcoin Volatility Reaches 23-Month Low, Despite “Bad” News – October 5

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $10,689

Bitcoin price has climbed back up to the high $10,000s to begin the week, currently hovering around the $10,700 mark.

Top-20 altcoins have had a steady 24 hours of price action, as Ethereum is up 2%, XRP gains 7%, and Cardano rises 4% over the last day of trading.

Top Stories for October 5, 2020 πŸ”₯

πŸ‘‰ Bitcoin Volatility Reaches 23-Month Low, Despite “Bad” News

Bitcoin is seeing its lowest levels of volatility in almost two years, despite multiple events which could have been expected to crash its price.

Just prior to the weekend, the CFTC filed charges against BitMEX, one of the largest cryptocurrency derivatives exchanges, and Donald Trump tested positive for the COVID-19 virus.

Both of the events had only very minor impacts on the price of Bitcoin, contrary to the expectations of many.

πŸ‘‰ Identities of the KuCoin Hackers Found, Claims Exchange CEO

KuCoin CEO Johnny Lyu has claimed that he has found the identities of the hackers who stole an estimated $200 million in assets from KuCoin exchange.

According to Lyu, they have “substantial proof” of the identities, and law enforcement has already been involved in the matter.

The hack took place on September 26th, with a significant proportion of the assets already recovered.

πŸ‘‰ SEC Chairman Believes All Stocks Could Become Tokenized

Securities and Exchange Commission (SEC) chairman Jay Clayton stated in a recent webinar that he believes all stocks could become tokenized in the future.

Clayton and Brian Brooks, Acting Comptroller of the Currency at the OCC said that they welcome innovation in the cryptocurrency and blockchain space for the area, as long as it operated within current regulatory frameworks.