Why The Cryptocurrency Market Is Still Calm, Despite Its Recent Volatility

The crypto market remains quiet. Despite the recent volatility, the Bitcoin price has been hovering around $4,000 for the past week and a half. This is a far cry from the days when Bitcoin was trading at $2,000 and altcoins struggled to stay above $100.

The reason why the cryptocurrency market is not as volatile as it used to be is that there are more exchanges with greater volume. Most of them are actively buying and selling cryptocurrencies to replenish their reserves.

However, one thing that could affect the Bitcoin price is if China decides to ban crypto trading again. If this happens, people will have less money to buy cryptocurrencies and therefore less demand for them on exchanges. This could push prices down even more than before.