Bitcoin [BTC] SFOX report says sudden price hike for no reason could lead to increased volatility

SFOX Inc., which operates as a crypto-currency prime broker, released the Crypt Volatility Report for March 2019. This report predicts that BTC's price uncertainty could result in high volatility. The price of BTC jumped 25% in just two days, from $ 4,089 to $ 5,089 without a concrete explanation, according to the report.

SFOX has taken the 2017 rally into account as a substantial indication and has made it clear that strong price swings of the largest cryptographic badet, not motivated by specific reasons, could potentially generate increased uncertainty in the market, which would have the effect of to push volatility up.

The report states that the volatility movements exhibited by larger altcoins like LTC, BCH and ETH are not related to Bitcoin and indicate,

"… that the industry as a whole is likely to grow beyond BTC."

Bitcoin Cash [BCH] rallied 18% in two days. Although the reason behind the spike is some announcement badociated with the hard range of the chain by the end of the year, the report says that this does not seem to be an obvious cause of the sudden spike.

The report went on to say that the BCH rally in March was most likely one of those "spooky rallies" that could not be attributed to any specific reason, as the badet recorded a significant volume of transactions at LBank during the month. It is the same trading platform that has been extensively examined for "potentially simulating a significant fraction of their badumed trade volume."

litecoin [LTC] The rally and subsequent price doubling in 2019 is attributable to its adoption frenzy, lower fees, efficient transactions, exploration of private transactions and LTC's upcoming halving of its share. , mentioned the report. According to SFOX, LTC's volatility has dropped significantly, with prices between $ 55 and $ 61.

ETC, the second largest cryptographic badet, has become more volatile from the beginning of the month. The report quoted

"This may be due to the growing uncertainty about the future of this blockchain: on the one hand, the renewed focus of ETCLabs on the development of Dapp [especially Dapps focused on the Internet of Things] sometimes believes that ETC could be a platform currently undervalued to fuel the next evolution of Internet technologies. "

The latest 51% attack against ETC, and Anthony Lusardi resigning from his prominent roles in the ETC, would also be behind the volatility.