Bitcoin Price Volatility is Down 98% Year-on-Year

Bitcoin price volatility has crashed in the last 12 months as the bear market killed off the speculative frenzy.

The daily volatility, as represented by the spread between the price high and price low, stood at $61 yesterday – down a staggering 98 percent from $3,468 seen on Jan. 16, 2018 – according to CoinMarketCap. That is hardly surprising, as BTC is currently down 74 percent from $13,836 (price on Jan. 16, 2018).

Still, the daily volatility was unusually high – the cryptocurrency had witnessed a 26 percent move (high-low difference divided by price) on Jan. 16, 2018 – which indicates that the cryptomarket frenzy was at its peak.

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