Data shows the latest Bitcoin rally has failed to make the 30-day volatility budge, as the metric has remained at 2-year lows.
Bitcoin 30-Day Volatility Currently Has A Value Of Just 1.7%
As per the latest report released by Arcane Research, BTC’s price stabilizing around $20.5k has resulted in the daily volatility remaining low.
The “daily volatility” is an indicator that measures the percentage changes in the daily closing price of Bitcoin averaged over a specific period of time.
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.
When the daily volatility has a high value, it means the crypto’s price has been observing large fluctuations recently.
On the other hand, low values of the indicator suggest that the market has been stale during recent days.
Now, here is a chart that shows the trend in the Bitcoin weekly and monthly volatilities over the past year:
The value of the two metrics seems to have been pretty low in recent weeks Source: BTCUSD on TradingViewFeatured image from Jievani Weerasinghe on Unsplash.com, charts from TradingView.com, Arcane Research
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