Bitcoin volatility at the lowest level in history – Cryptonium News

Bitcoin volatility at the lowest level in history

Bitcoin’s 30-day volatility has fallen to a record low of 18.7%, lower than the NASDAQ (25.7%), according to data from James Butterfield, head of research at CoinShares.

Although bitcoin’s trading volume has declined significantly, the world’s largest cryptocurrency still trades at about $5 billion per day on reputable exchanges, which proves that bitcoin remains a “highly liquid asset,” according to Butterfill.

The price of bitcoin has fluctuated significantly over the past decade and is unpredictable to say the least.
Factors such as speculation, technical issues, regulations, and macroeconomic events can affect the price.

The high volatility and the lack of a central authority or government to regulate bitcoin make bitcoin a risky investment for many investors.

The fact that there are no tangible goods or services to match makes it susceptible to strong price fluctuations in both directions over short periods of time.

For example, the price of bitcoin soared to its current high of $69, 000 in November 2021. At that time, demand for the virtual currency reached an all-time high, but a year later the market cooled and fell to $15, 000.

After the FTX exchange crash, virtual currencies stagnated for several weeks. All results could not be uploaded. Repeated retries…