Data shows Bitcoin’s monthly volatility has been lesser than both Nasdaq and S&P 500 recently, here are their numbers compared.
Bitcoin 30-Day Volatility Has Plunged Down To Just 1.4% In Recent Days
As per the latest weekly report from Arcane Research, the US equities having a higher 30-day volatility than BTC has only happened twice since the year 2017.
The “volatility” is an indicator that measures how the price of an asset (like Bitcoin) has differed in day-to-day returns over a period of time.
While this timespan can be however long, the relevant period in the discussion here involves the last thirty days.
When the value of this metric is high, it means the price of the asset has been observing large daily shifts in the past month. On the other hand, low volatility values suggest an overall stale price.
Something to note about the indicator is that it only takes into account the closing prices…
