Bitcoin made a historic breakthrough in the middle of this week. On some trading floors, the coin was close to $ 67,000.
The weakening of traders' activity led to a decrease in the BTC volatility index. According to ByBt, this figure fell to 3.63% on October 22, the lowest level since the middle of last month.
The bitcoin rate on Friday dipped to $ 63,270 (-4.94%).
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Cryptocurrency capitalization fell during European trading to $ 1.196 trillion. However, despite the correction, analysts are urging not to panic.
As noted by Makara CEO Jesse Proudman, the fourth quarter should end successfully for Bitcoin.
Legendary investor Paul Tudor Jones, who invested in BTC last year, once again recognized cryptocurrency as the best tool for hedging inflation risks. Even gold is unable to compete with bitcoin, the financier said.