Since January last year, the volatility of the first cryptocurrency has dropped by 98%. So, on January 16, 2018, when that figure was $ 3,468, and then just $ 61 a year later, says Omkar Godboul, an analyst at CoinDesk Markets.
Daily volatility declined last year from 9.1% to 3.6%. Although 16 December 2018 was about 26%.
In absolute terms, the maximum daily volatility in the first quarter was $ 973, and the following: $ 345, $ 245, and $ 195, respectively.
. and on January 12, it reached a minimum of $ 45.17.
Godboul emphasized that low volatility suggests a decline in speculative trading and approaching a strong price movement.
After him, the Bitcoin soon left the range of $ 3500- $ 3700 in favor of the Bears. Currently, the first cryptocurrency is trading at around $ 3,590.
ForkLog previously released a traditional weekly analysis of crypto currency prices. News and polls.
Error found in the text? Highlight it and press CTRL + ENTER
. Subscribe to the News Forklog