Bitcoin Volatility Drops To 2 Year Low

According to Coin Metrics, 180-day volatility has reached  0.028, which is the lowest value in the last 23 months.

The increase in the stability of the leading cryptocurrency is due to the fact that recently the market has been weakly reacting to loud news, such as the CFTC indictment against the BitMEX exchange or hack KuCoin. Such news certainly affects the course, but price fluctuations do not exceed 5%..

Coin Metrics Data Shows Bitcoin Volatility Has Dropped 43% Over The Past 30 Days.

Bitcoin Volatility Drops To 2 Year Low

Although due to the negative news last week, many traders began to open more and more short positions, increasing the pressure on the market. Nevertheless, over the weekend the rate grew slightly and at the time of publication is at $ 10,690, having risen by 0.51% per day.

text: Ivan Malichenko, photo: Shutterstock, graphic: Coin Metrics

Similar articles