Daily Volatility Decline? Bitcoin Has Seen $1K Range 43 Times In 2018

Bitcoin is famous (or infamous) for its daily price jumps and falls, but lately the charts seem to be bordering on the comatose. So, has the cryptocurrency’s volatility really dropped or are we in business as usual?

We crunched the numbers to find out, and while things have been calm of late, it certainly hasn’t been a quiet 2018 for the world’s oldest and largest cryptocurrency. In fact, bitcoin (BTC) has witnessed daily volatility (or an inter-day trading range) above $1,000 as many as 43 times so far this year (using price data from CoinDesk’s Bitcoin Price Index).

That would seem a lot perhaps, but it’s not so simple. When we break down the data over time another pattern reveals itself.

The number of days in 2018 when the trading range was above $1,000 was highest in January, passing that level 21 times. Notably, that month saw the crypto markets rocked by regulatory talk in South Korea and China that caused jitters among traders and investors.

Moving on, the number of days…