Bitcoin Volatility Hits 23-Month Low as the Cryptocurrency Shrugs Off BitMEX, Trump’s Illness
Bitcoin's 180-day volatility dropped to its lowest level since November 2018.
Slowing bitcoin volume suggests retail traders are less active with their "stimmy" checks compared to 2020.
The BitVol index level puts the cryptocurrency's annualized volatility at 100%.
Bitcoin’s struggle to retest a key resistance level at $60,000 has “dampened” market sentiment, said one trader.
Many investors aspire to hold bitcoin as a store of value, but right now the cryptocurrency is very volatile, said the head of Fidelity Digital Assets.
Volatility has stayed relatively low through bitcoin’s slow march toward record highs.