RATE Group | Year-Low Bitcoin Volatility A Temporary ‘Lull’, Says Voorhees
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Year-Low Bitcoin Volatility A Temporary ‘Lull’, Says Voorhees

04 Sep Year-Low Bitcoin Volatility A Temporary ‘Lull’, Says Voorhees

Posted at 05:09h in Bitcoin News by

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Bitcoin volatility is at one of its lowest ebbs in the past 12 months, although it is expected to be more a temporary blip rather than a permanent trend.

Data collected from CryptoCompare shows bitcoin volatility is well below other price movements experienced throughout the year, as well as at the end of 2017.

The BTC 7-day volatility average is currently at 8.88%, the lowest range since July of last year. Weekly price fluctuations have mostly been above 20% since the start of 2018; ranges could sometimes be well above 30% or 40%, especially at the beginning of the year.

Bitcoin volatility reached 74%, following an unexpectedly bullish Senate Committee hearing in early February. When the BTC price fell by over $1,000 in early June, its range nearly tripled from 10% to 29% in the space of two days.

 

BTC price fluctuations at a low ebb
Bitcoin volatility is at its lowest levels since September 2017

 

A volatile issue…

Low volatility is something of a double-edged sword for the crypto community. Returns made from savvy…

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