As the largest cryptocurrency remains virtually motionless, moves of fiat currency are increasingly giving BTC a run for its money.
On Oct. 20, as tantalizing sideways action continued, Bitcoin (BTC tickers down $19,057) showed no signs of a breakout.
Analyst:Cointelegraph Markets Pro and TradingView data showed that the Bitcoin range was "congested and critical." Overnight, BTC/USD was firmly rangebound at around $19,000, moving only about $400 up or down.
The United Kingdom, where the pound reacted to the news that Liz Truss had resigned as prime minister, saw equities open without significant volatility.
At the time of writing, social media-shared chart data indicated that BTC volatility had become nearly identical to that of the pound, with BTC currently experiencing its lowest volatility since 2020.