30D-MA Bitcoin’s annual volatility has fallen from its all-time average of 71% to 32%. According to this indicator, digital gold has proved to be more stable compared to the popular shares of Meta and Amazon.
The indicators of the latter are 44% and 34%, respectively, according to The Block.
The publication noted that the current summer promises to be the “calmest” since 2020.
Last year, the situation was diametrically opposed after the collapse of Terra and Three Arrows Capital provoked sharp price fluctuations.
The current value of Bitcoin volatility remains above similar metrics for gold and Apple shares.
“I don’t think low volatility will become the norm. I expect big price fluctuations to return in the fall.” Laura Vidiella, vice president of LedgerPrime, commented.
Recall that the former CEO of BitMEX, Arthur Hayes, ruled out the renewal of the historical maximum of bitcoin in 2023, but allowed such a possibility in the next.
Earlier, JPMorgan analysts concluded that the upcoming halving in April-May 2024 will lead to an increase in the price of digital gold to $40,000.
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Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!
30D-MA Bitcoin’s annual volatility has fallen from its all-time average of 71% to 32%. According to this indicator, digital gold has proved to be more stable compared to the popular shares of Meta and Amazon.
The indicators of the latter are 44% and 34%, respectively, according to The Block.
The publication noted that the current summer promises to be the “calmest” since 2020.
Last year, the situation was diametrically opposed after the collapse of Terra and Three Arrows Capital provoked sharp price fluctuations.
The current value of Bitcoin volatility remains above similar metrics for gold and Apple shares.
“I don’t think low volatility will become the norm. I expect big price fluctuations to return in the fall.” Laura Vidiella, vice president of LedgerPrime, commented.
Recall that the former CEO of BitMEX, Arthur Hayes, ruled out the renewal of the historical maximum of bitcoin in 2023, but allowed such a possibility in the next.
Earlier, JPMorgan analysts concluded that the upcoming halving in April-May 2024 will lead to an increase in the price of digital gold to $40,000.
Found a mistake in the text? Select it and press CTRL+ENTER
Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!