Bitcoin volatility is at an all-time low – NewsTo
Bitcoin volatility is at an all-time low

Bitcoin volatility is at an all-time low

Bitcoin volatility is at an all-time low

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Bitcoin is experiencing one of its calmest times ever, since its volatility has dropped to an all-time low. According to on-chain data, the volatility of the Bitcoin market is at its lowest point ever. Analysts have pointed out that this is not the first time that bitcoin’s volatility has tanked

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Volatility last declined to levels similar to these in late 2018. The crypto market saw a bear market identical to the one we are currently experiencing, with prices declining for the entire year. After the final flush out on December 15, when BTC dropped to $3,200, volatility spiked once more before the close of that year.

Over the previous six weeks, the asset has fluctuated between $15,700 and just over $18,000. Due to the fact that much of the world is on vacation, market activity is not likely to ramp up until next month.

Analysts noted that times of such low volatility have in the past been followed by a recovery. Except for October 2018, every time volatility dropped below value “1,” a positive rise followed. It’s not just volatility that has plummeted for Bitcoin. Although there may be a connection between the two, the network hash rate is also rapidly decreasing.

According to a website that tracks bitcoin, hash rates as of December 25 were 229 TH/s (terahashes per second). This is a 16% decrease from the peak that was reached at the beginning of November. The most recent dip in hashrate was linked to Texas miners shutting down because of harsh weather and the need for energy systems. Another distressed miner sell-off had been predicted, but it hasn’t happened yet.

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