$100 Doldrums: Bitcoin’s Price Is Stuck In Its Tightest Range Since 2017

The bitcoin market is experiencing the lowest volatility it’s seen for 18 months.

Daily volatility, as represented by the spread between the price high and low, fell below $100 on Oct. 19 and has remained under that psychological mark to date, according to data from CoinDesk’s Bitcoin Price Index (BPI). That’s the longest volatility has been so low since April 2017.

It is worth noting that BTC averaged around $1,200 in April and early May of 2017. Further, the average daily volatility during that period was $33, that is, prices moved 2.75 percent on a daily basis. Hence, back then, a $100 daily volatility reading was a normal thing.

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