Since January last year, the first cryptocurrency volatility has decreased by 98%. So, if on January 16, 2018, this figure was $ 3,468, then a year later – only $ 61, notes CoinDesk Markets analyst Omkar Godboul.
The daily volatility over the past year decreased from 9.1% to 3.6%, although on December 16, 2018 was about 26%.
The maximum daily volatility in the first quarter is $ 973, $ 345, $ 245 and $ 195, respectively.
At the beginning of 2019, this figure also did not exceed $ 200, and on January 12 it reached a minimum value of $ 45.17.
Low volatility means that speculative traders are approaching sharp price movements.
In his opinion, Bitcoin will soon leave the range of 3500-3700 dollars in favor of bears. At the moment, the first cryptocurrency is trading at around $ 3,590.