• Bitcoin has not witnessed a single day with volatility over 150% in the current halving cycle.
• BTC has maintained the $26,000 price range despite the slight declines.

Bitcoin [BTC], along with many other cryptocurrencies, has faced allegations of extreme volatility and the associated risk of holding it. Recently, data has provided an answer to the question of its volatility when compared to conventional assets.

Read Bitcoin (BTC) Price Prediction 2023-24

Bitcoin sees less extended volatility

A recent post from Ecoinometrics revealed that Bitcoin exhibited decreasing instances of extreme volatility following each of its halving events. The report highlighted that in the first halving cycle, it had over two months with volatility exceeding 150% within a one-month timeframe.

In the second halving cycle, this period reduced to approximately one month with such elevated volatility. Remarkably, in the current halving cycle, BTC has not witnessed a single day with volatility surpassing 150%.

These volatility events signified that while Bitcoin’s average volatility remained relatively high, it has ceased to undergo extended periods of extreme volatility. Ecoinometrics draws a comparison, suggesting that BTCs volatility is now similar to that of NVIDIA or Tesla.

Bitcoin’s 4-week volatility metric

Recent data from Santiment indicated that
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Author: Adewale Olarinde

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