Data shows the latest Bitcoin rally has failed to make the 30-day volatility budge, as the metric has remained at 2-year lows. Bitcoin 30-Day Volatility Currently Has A Value Of Just 1.7% As per the latest report released by Arcane Research, BTC’s price stabilizing around $20.5k has resulted in the daily volatility remaining low. The “daily volatility” is an indicator that measures the percentage changes in the daily closing price of Bitcoin averaged over a specific period of time. While this timespan can be of any length, the 7-day and 30-day volatilities are the most common and useful version of the metric. When the daily volatility has a high value, it means the crypto’s price has been observing large fluctuations recently. Related Reading: Here’s Why The Current Bitcoin Bear Might Last A While Longer On the other hand, low values of the indicator suggest that the market has been stale during recent days. Now, here is a chart that shows the trend in the Bitcoin weekly and monthly volatilities over the past year: The value of the two metrics seems to have been pretty low in recent weeks | Source: Arcane Research's Ahead of the Curve - Nov 1, 2022 As you can see in the above graph, the 7-day Bitcoin volatility has been at a low level for a while now, and the 30-day version of the metric has also plunged down recently. The 7-day volatility has actually slightly gone up in the last week as a result ...
Top Altcoins to Buy this Crypto Market Crash
