Bitcoin is trading around $64,085, up about 3.3% for the month. Even as a hawkish Federal Reserve and renewed Middle East tensions keep markets on edge, the waters are steadily calming for the premier cryptocurrency. According to CoinShares, this kind of choppy trading matches what its research on bitcoin’s volatility would predict. The firm argues that the swings are becoming less severe as more long-term, institutional holders enter the market. James Butterfill, head of research at CoinShares, said that the Fed remains the biggest swing factor for bitcoin right now. The June Federal Open Market Committee minutes ... (full story)