Bitcoin Undergoes Subdued Trade as Traditional Assets See Volatility

Investing.com – Bitcoin traded slightly lower on Wednesday in uncharacteristically subdued trade, while other traditional assets underwent big moves.

, the largest alt coin by market cap, dipped 0.3% to $11,708.6 on the Investing.com Index by 11:19 AM ET (15:19 GMT).

Total cryptocurrency market capitalization still increased to $308.26 billion, compared to $301.96 billion a day earlier, despite the drop in its largest member and a selloff in its closest rivals.

In other individual crypto trades, fell 2.1% to $224.05, lost 1.4% to $0.31088, declined 1.5% to $337.18, while traded down 3.7% to $91.506.

Trading in bitcoin, which is accustomed to the volatility associated with large percentage moves, seemed subdued when compared to the of more than 5%.

Both the U.S. and yields were tumbling as bond prices soared. Central banks in , and all by a wider-than-expected margin as they struggled to offset a global slowdown.

Concerns over economic weakness worldwide sent investors running to safe-havens such as bonds, , the or the , while risk-off sentiment sent the .

Although the debate over bitcoin’s value as a store of value remains unresolved, some analysts argue that volatility in traditional financial markets can benefit cryptocurrencies as an alternative asset.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.