RATE Group | S&P 500 Is More Volatile Than Bitcoin This Month- CoinDesk
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S&P 500 Is More Volatile Than Bitcoin This Month- CoinDesk

27 Mar S&P 500 Is More Volatile Than Bitcoin This Month- CoinDesk

Posted at 20:33h in Bitcoin News by

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In a role reversal befitting these topsy-turvy times, Wall Street has recently seen more turbulence than the top cryptocurrency. 

The S&P 500’s 30-day volatility of daily returns, or historical volatility, jumped to 200 percent Wednesday, nearly 10 times the average volatility of 27 percent observed in the preceding 12 months, according to data from the Federal Reserve Bank of St. Louis. 

Meanwhile, bitcoin’s (BTC) volatility gauge stood at 138 percent on Wednesday compared to the average volatility of 65 percent seen in the March 2019-February 2019 period, as per CoinDesk’s Bitcoin Price Index. 

The 30-day volatility of daily returns calculates the standard deviation of the daily gain or loss from each of the past 30 trading days and is usually expressed in annual terms irrespective of the time period. 

See also: Miners Are Selling More Bitcoin Than They Are Mining

Put simply, it gauges fluctuations from the mean but does not measure the direction. So, when we say that…

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