Bitcoin at $42K – 30-Day Volatility Slips to 17-Month Low

Bitcoin has re-taken $42K this morning and its 30-day volatility is at a 17 month low

Bitcoin’s 30-Day Volatility Slips to 17-Month Low

“There is a clam in the bitcoin (BTC) market, the likes of which we last saw before the beginning of the late 2020 bull run.

The leading cryptocurrency’s 30-day volatility, which measures the standard deviation of daily returns over four weeks, has declined to 2.2%, the lowest since November 5, 2020, according to data provided by Arcane Research.

The gauge peaked above 6% in June 2021 and has been on a declining trend ever since, barring the temporary spike to 4.5% around the March Federal Reserve (Fed) meeting.

The steady decline could be attributed to several factors, including dominant crypto exchanges Binance and FTX’s decision to cut down leverage, declining interest in crypto-margined futures, and, more recently, reduced speculative interest, as evidenced by the decline in trading volumes.”

https://www.coindesk.com/markets/2022/04/20/bitcoins-30-day-volatility-slips-to-17-month-low/

 

Master Asked on April 20, 2022 in Bitcoin.
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