Calm Before the Storm? Bitcoin and Ethereum Volatility Hits Historic Lows
Bitcoin EthereumCalm Before the Storm? Bitcoin and Ethereum Volatility Hits Historic Lows24 segundo ang nakalipasBalita ng Ethereum ng Bitcoin The prices of the two largest cryptocurrencies, Bitcoin and Ethereum, have entered a remarkably stable period, with volatility figures dropping to multi-year lows in August 2022. Data from crypto analytics firm Kaiko shows that the 90-day volatility for Bitcoin and Ethereum has declined to 35% and 37%, respectively. This is the lowest volatility the top tokens have seen since 2016 and is even below the current volatility of commodities like oil, which stands at 41%. Bitcoin and Ethereum 90-day volatility drops by 50% Compared to August 2021, the 90-day volatility of Bitcoin and Ethereum has fallen by over 50%. Even the daily volatility of Bitcoin is now at its lowest point in five years. While August tends to be a positive month for crypto assets, this weakened volatility is viewed as a bullish signal by some analysts. Periods of compressed price fluctuation can often presage a breakout. “We saw similarly low volatility back in 2020 before the massive bull run,” noted Cryptocon, a prominent Bitcoin technical analyst, on social media platform X. “However, extended sideways price action is still a danger.” This period of relatively listless trading comes