While Bitcoin (BTC) has consolidated in a narrow price range in recent weeks, it has become more stable in terms of volatility compared to Meta and Amazon stocks.
bitcoin in a 15% price range for about 3 months Consolidation continues. in the markets summer recession while Bitcoin volatility continues, Meta And of Amazon fell below its volatility.
Bitcoin according to data annual average volatility 71% However, with the stagnation experienced in recent months, this rate decreased to 32%. Meta And of Amazon The current volatility rate is respectively 44% And 34% positioned at the level. These rates are more likely than Bitcoin, at least for now. stable It shows progress in a structure.
On the other hand, stability in Bitcoin’s volatility gold And to Apple still remains at a higher level. in bitcoin 32% volatility compared to Apple 18% and if it’s gold 10%more than the stable it is moving.
Will Low Volatility End?
in bitcoin similar a consolidation situation last year January was seen in the month. in those days 25% After the volatility that fell to the level of Bitcoin, 20 thousand dollars from the levels 31 thousand dollars up to the levels a rapid rise had happened. Against this low volatility, market analysts say Bitcoin’s performance is similar again. to experience the rise waiting.
Vice President at crypto investment firm LedgerPrime Laura Vidiella While he is among the names who think that the summer months can be quiet. return of volatile movements in autumn He stated that he expected:
Low volatility is a reflection of how the market sees price action at this point. But I don’t think it has become the new norm yet, and I expect massive price swings to return this fall along with volatility.
a similar opinion Arthur Hayes and also expressed by At the end of the third quarter of 2023 It was stated that the crypto money market could enter a bull phase.