Bitcoin Price Up: Volatility Returns!
A short while before markets closed in Europe last night, we published our twice-daily bitcoin price watch piece. In the piece, we highlighted levels that we were going to keep an eye on throughout the Asian session, and pointed out that - due to the relatively weak action we had seen in the bitcoin price throughout the first half of this week - we would be implementing the same scalp strategy that we had taken on throughout the day session. Action has now matured overnight, and so as we head into a fresh European session, what of levels that we are watching in today's bitcoin price, and....
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Since its birth in 2008, financial experts and institutional investors have criticized the viability of Bitcoin as an independent currency, due to its highly unstable volatility rate. According to data provided by the Bitcoin Volatility Index, however, the volatility of bitcoin price against major currencies such as US Dollars have declined significantly since 2010. More importantly, the rate of volatility has decreased at a consistent pace, dropping at an average rate of 25% per year. At the beginning of 2011, the standard deviation of daily returns (volatility rate) recorded around 8.5%.....
Data shows the daily Bitcoin volatility has declined further this week, reaching very low levels not observed in around two years. Bitcoin 30-Day Volatility Has Come Down To Just 1.9% In Recent Days As per the latest weekly report from Arcane Research, the 7-day volatility made a low below the 1% mark earlier in the week. The “daily volatility” is an indicator that measures how the per day returns of Bitcoin have differed from the average during a specific period. While this period can be of any length, two versions of the metric are particularly natural, the 7-day volatility....
A report from Kraken has identified last month’s BTC volatility at levels not seen since the ‘Black Thursday’ crash of early 2020. With Bitcoin rallying from $30,000 to $42,000 and back again during January, BTC’s annualized volatility rose to levels last seen in April 2020, according to a new report from U.S. crypto exchange Kraken.January was a roller-coaster ride for Bitcoin, with BTC rallying 46% to a new high of $41,989 before retracing 32% to below $29,000. This resulted in the annualized volatility spiking to over 100% — which was last seen 10 months ago during the infamous ‘Black....
Cryptocurrencies such as Bitcoin, Litecoin, and Dogecoin are known for their dangerous volatility, but have they generated any returns in 2015? Barring Dogecoin, which generated negative returns, the other two have generated phenomenal returns year-to-date (YTD) for investors. Let review each of them below. Bitcoin - A Wild Ride It Has Been! Image. Year-to-date: 24%. Bitcoin witnessed wide price vicissitudes in 2015, reaffirming its stance as one of the most volatile currencies in the world. Bitcoin started the year on a terrible note, immediately falling more than 50% from north of $310....
Here's a look at what we are focusing on in the bitcoin price this evening. Another day done in our bitcoin price trading operations, and it’s been a pretty interesting one. This morning we noted that we hadn’t seen too much volatility early week, and that in the absence of this volatility, getting in and out of the markets has been a little tough. We also noted, however, that this isn’t necessarily a bad thing. It’s a bit frustrating (things are far more exciting when we’re chasing a profit target) but it means we aren’t looking at any losses, and pretty much every time we run through a....