Nov 8, 2023

Ecoinometrics data shows bitcoin's volatility in 2023 is at its lowest level in over a decade.

Video transcript

Chart of the days presented by crypto dot com. The leading crypto platform trusted by over 80 million users worldwide. All right, let's take a look at the chart of the day. Bitcoin's volatility in 2023 is at its lowest in over a decade. That's according to E coin Metris. The term volatility which measures how much the price of an asset fluctuates often comes with a negative connotation, but that's not always the case investors can experience swings up or down. It's important to remember that there is up potential too. This chart shows Bitcoin's average monthly volatility since 2014. The largest Cryptocurrency by market cap has doubled in value and soared above the $35,000 mark this year. Amid weak liquidity conditions. Yet volatility has been largely absent from the market with rates ranging predominantly between 20 to 40%. It appears Bitcoin investors in 2023 are seeing more payoff compared to previous years. Though perhaps macro and leverage traders are continuing to sit on the fence. Bitcoin is currently trading hands at around $35,200. That's it for today's chart of the day. I'm Jen Sasi we'll see you next time to unpack more of the data behind top news stories.

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