Bitcoin Flat as Volatility Hits 2-Year Low and Stocks Rise

Bitcoin’s 30-day price volatility dropped to the lowest in almost two years, data shows.

AccessTimeIconOct 20, 2022 at 7:12 p.m. UTC
Updated Oct 20, 2022 at 9:08 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

With bitcoin unusually quiet at just above $19,000, investors are pondering the implications for the historically high-volatility cryptocurrency.

Blockchain analytics firm IntoTheBlock’s data showed that bitcoin’s 30-day price volatility was at 31%, the lowest in almost two years.

At press time bitcoin (BTC), the largest cryptocurrency by market capitalization, was trading around $19,000, little changed over the previous 24 hours. The CoinDesk Market Index rose 0.07%. Ether (ETH) followed a similar trajectory to BTC, down 0.8% to $1,280 as of press time.

The listlessness offered a contrast with U.S. stocks, which rallied after better-than-expected third-quarter corporate earnings reports. A drop in weekly jobless claims suggested a continued strong labor market.

“The crypto market has become less responsive to macroeconomic problems,” said Serhii Zhdanov, CEO of crypto exchange EXMO.

Bitcoin’s price has come under stiff pressure this year from Federal Reserve interest rate increases, which have buffeted prices for risky assets, including stocks and cryptocurrencies.

Investors across the board remain cautious, with Fed’s next monetary-policy meeting less than two weeks away.

“The bottom line here is that markets still do not have a solid handle on when the current rate cycle will end,” Nicholas Colas, co-founder of DataTrek Research, wrote in a Thursday note. “As long as that is the case, it is hard to see U.S./global equities staging a convincing rally.”


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

Jocelyn Yang

Jocelyn Yang is a markets reporter at CoinDesk. She is a recent graduate of Emerson College's journalism program.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.

Read more about