Bitcoin Becomes More Stable Than Global Tech Stocks

  • Alex Dovbnya
    📰 News

    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

Bitcoin Becomes More Stable Than Global Tech Stocks
Cover image via u.today

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.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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