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Bitcoin Reaches Unheard-of Low in Volatility

Fri, 01/06/2023 - 20:15
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Alex Dovbnya
Bitcoin's 30-day volatility has reached the lowest level in history, according to data provided by CoinShares
Bitcoin Reaches Unheard-of Low in Volatility
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Bitcoin's 30-day volatility has fallen to an all-time low of 18.7 percent, lower than the Nasdaq at 25.7 percent, according to data provided by James Butterfill, the head of research at CoinShares. 

Image by @jbutterfill

Despite the fact that Bitcoin's volumes have experienced a substantial decline, the world's largest cryptocurrency is still trading roughly $5 billion per day on trusted exchanges. According to Butterfill, this proves that Bitcoin remains "a highly liquid asset."

Bitcoin prices have undergone tremendous fluctuations over the past decade and it can be unpredictable, to say the least.

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Factors such as speculation, technical issues, regulatory actions, and macro events can all affect its price. Due to its high volatility and lack of a central authority or government to regulate it, Bitcoin has become a risky investment proposition for many investors.   

The fact that it's not backed by any tangible goods or services makes it prone to dramatic price swings in both directions over a short period of time. For instance, the price of Bitcoin skyrocketed to its current record high of $69,000 in November 2021 when the demand for cryptocurrency was on an all-time high, only to crash to the $15,000 a year later when the market cooled off. 

The cryptocurrency has been stuck in limbo for several weeks after experiencing a major crash following the collapse of the FTX exchange.      

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with 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, can be contacted at

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