Data shows the latest Bitcoin rally has failed to make the 30-day volatility budge, as the metric has remained at 2-year lows.<\/p>\n
As per the latest report released by Arcane Research<\/a>, BTC\u2019s price stabilizing around $20.5k has resulted in the daily volatility remaining low.<\/p>\n The \u201cdaily volatility<\/a>\u201d is an indicator that measures the percentage changes in the daily closing price of Bitcoin averaged over a specific period of time.<\/p>\n 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.<\/p>\n When the daily volatility has a high value, it means the crypto\u2019s price has been observing large fluctuations recently.<\/p>\n On the other hand, low values of the indicator suggest that the market has been stale during recent days.<\/p>\n Now, here is a chart that shows the trend in the Bitcoin weekly and monthly volatilities over the past year:<\/p>\n\n 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<\/a><\/p>\n 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.<\/p>\n The 7-day volatility has actually slightly gone up in the last week as a result of the rally<\/a>, reaching a value of 2.2%. This is, however, still notably lower than the 3.1% yearly average of the indicator.<\/p>\n After the monthly volatility\u2019s recent decline, the metric has hit around 1.7%, a low level not seen since two years ago. The reason for such low values of this indicator is the endless consolidation that the crypto observed around the $19k level.<\/p>\n While there has been some burst of activity recently, it hasn\u2019t been enough to make a dent on this timescale.<\/p>\n Another contributing factor is that since the initial chaotic increase, Bitcoin has once again fallen back to sideways movement, this time around the $20.5k level. This is why the 7-day volatility, though higher than before, is still historically low.<\/p>\n At the time of writing, Bitcoin\u2019s price<\/a> floats around $20.4k, down 1% in the last week. Over the past month, the crypto has gained 6% in value.<\/p>\n The below chart shows the trend in the price of the coin over the last five days.<\/p>\n\n Looks like the value of the crypto has so far held above the $20k mark | Source: BTCUSD on TradingView<\/a> <\/p>\n Data shows the latest Bitcoin rally has failed to make the 30-day volatility budge, as the metric has remained at 2-year lows.<\/p>\n As per the latest report released by Arcane Research<\/a>, BTC\u2019s price stabilizing around $20.5k has resulted in the daily volatility remaining low.<\/p>\n The \u201cdaily volatility<\/a>\u201d is an indicator that measures the percentage changes in the daily closing price of Bitcoin averaged over a specific period of time.<\/p>\n 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.<\/p>\n When the daily volatility has a high value, it means the crypto\u2019s price has been observing large fluctuations recently.<\/p>\n On the other hand, low values of the indicator suggest that the market has been stale during recent days.<\/p>\n Now, here is a chart that shows the trend in the Bitcoin weekly and monthly volatilities over the past year:<\/p>\n 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<\/a><\/p>\n 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.<\/p>\n The 7-day volatility has actually slightly gone up in the last week as a result of the rally<\/a>, reaching a value of 2.2%. This is, however, still notably lower than the 3.1% yearly average of the indicator.<\/p>\n After the monthly volatility\u2019s recent decline, the metric has hit around 1.7%, a low level not seen since two years ago. The reason for such low values of this indicator is the endless consolidation that the crypto observed around the $19k level.<\/p>\n While there has been some burst of activity recently, it hasn\u2019t been enough to make a dent on this timescale.<\/p>\n Another contributing factor is that since the initial chaotic increase, Bitcoin has once again fallen back to sideways movement, this time around the $20.5k level. This is why the 7-day volatility, though higher than before, is still historically low.<\/p>\nBTC Price<\/h2>\n
\nFeatured image from Jievani Weerasinghe on Unsplash.com, charts from TradingView.com, Arcane Research<\/p>","protected":false},"excerpt":{"rendered":"Bitcoin 30-Day Volatility Currently Has A Value Of Just 1.7%<\/h2>\n
BTC Price<\/h2>\n