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Bitcoin Token (BTCT) Falls 0.53%, Underperforms the Crypto Market Tuesday

Tuesday, June 07, 2022 09:11 AM | InvestorsObserver Analysts
Bitcoin Token (BTCT) Falls 0.53%, Underperforms the Crypto Market Tuesday

Bitcoin Token (BTCT) has been relatively more volatile compared to the crypto market. So far Tuesday, the crypto has lost 53.03% to $0.0002949405774.

volatility - 96
InvestorsObserver is giving Bitcoin Token a 96 Volatility Rank. Find out what this means to you and get the rest of the rankings on Bitcoin Token!

Highly Volatile

InvestorsObserver gives Bitcoin Token a high volatility rank of 96, placing it in the top 4% of cryptos on the market.

The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. BTCT's high volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively wide price swings and is well protected from price manipulation.

Bitcoin Token price is well positioned going forward. With support at $0.000124864705399 and resistance around $0.000447234389398568. This leaves Bitcoin Token with room to run before facing selling pressures.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.

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