Bitcoin's Volatility Back With a Bang! Stablecoins Are In Play [Forbes]
International Business Machines Corporation (IBM)
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Source: Forbes
The Tether logo is seen on a smartphone. Tether, which started trading in 2015, is described as a stable alternative to bitcoin's wild price swings. Photographer: Andrew Harrer/Bloomberg © 2017 Bloomberg Finance LP After tracking inexplicably flat for some time, Bitcoin suddenly kicked into life last week, but not the way many would have hoped. The major cryptocurrency fell to a new low for 2018 as it hit the doldrums at $5,300, sparking what many have labeled panic. But, there has also been a return to the uncertain volatility which has been a hallmark cryptocurrencies. Volatility has always been an important aspect of cryptocurrencies, but it is a double-edged sword. Without the upward volatility that was seen through the end of 2017, the cryptocurrency market, driven by Bitcoin, would still be very niche and mostly unheard of. However, now that Bitcoin is being sung in songs, spoken about on Ellen DeGeneres, and in full view of the general population, vo
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