RATE Group | Bitcoin’s Current Run of $100 Price Volatility is the Longest for 18 Months
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Bitcoin’s Current Run of $100 Price Volatility is the Longest for 18 Months

26 Oct Bitcoin’s Current Run of $100 Price Volatility is the Longest for 18 Months

Posted at 13:04h in Bitcoin News by

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The bitcoin market is experiencing some of the lowest volatility it’s seen in 18 months.

The daily volatility, as represented by the spread between the daily price high and low, fell below $100 on Oct. 19 and since then, has remained under that psychological mark, according to CoinDesk’s Bitcoin Price Index (BPI).

The seven-day period of below $100 volatility is the longest since the end of April 2017.

It is worth noting that BTC averaged around $1,200 in April and early May of 2017. Further, the average daily volatility during that period was $33, that is, prices moved 2.75 percent on a daily basis. Hence, back then, a $100 daily volatility reading was a normal thing.

As of now, BTC is averaging around $6,500 and the average daily volatility has dropped to $56 in the last seven days, meaning prices are moving just 0.86 percent on a daily basis. So, it seems safe to say that we are witnessing an unprecedented period of low volatility.

Such times of tranquility often end in a…

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