Bitcoin’s constant price swings have always been the main talking point of crypto defeatists. Indeed, a single tweet by Mark Cuban would be able to dip BTC price. However, as the market is maturing (and Bitcoin is getting boring), it’s time to get used to a new reality where Bitcoin is less volatile than global trade stocks.
Bloomberg has recently published a report which states that the volatility spread between NYSE FANG+ Index (Apple, Netflix, and Alibaba) and Bitcoin has reached its all-time high of 46 percent. It is expected that tech stocks will continue recording wild price swings due to disappointing earnings.
Meanwhile, as U.Today reported earlier, Bitcoin has reached its lowest volatility level in two years.