Bitcoin volatility fell by 98% over the year.

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Bitcoin volatility fell by 98% over the year.
2019-01-17 in BLOCKCHAIN

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.

Tags:,
CRYPTOCURRENCIES
  • bitcoinBitcoin$5,081.88
  • ethereumEthereum$163.20
  • rippleXRP$0.324914
  • tetherTether$1.01
  • eosEOS$5.29
  • stellarStellar$0.114566
  • litecoinLitecoin$77.98
  • cardanoCardano$0.083543
  • tronTRON$0.026229
  • moneroMonero$64.97
  • iotaIOTA$0.315012
  • nemNEM$0.066335
  • dashDash$119.25
  • neoNEO$11.05
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