The weekly rate of bitcoin volatility reached the minimum annual values and amounted to only 8.88%. At the same time, the weighted average volatility of the first cryptocurrency since the beginning of 2018 is about 20%, Crypto Briefing reports.
According to the service CryptoCompare, although fluctuations of bitcoin prices in the middle and was about 20% for this year, from time to time they reached elevations of 30-40%.
We add that in early February, the weekly volatility of bitcoin reached 74% after a positive hearing in the us Senate.
Head of ShapeShift platform Eric Voorhees stressed that the current volatility has established a good balance between profit and risk in the long term.
"For financial traders (and many other groups), high volatility is a digital gold rush. For these groups, cryptocurrencies still remain highly volatile compared to traditional assets. But other users of cryptocurrencies, not traders, prefer stability, " said Eric Voorhees.
However, according to the head of ShapeShift, even a year of low volatility is likely to lead to a new phase of growth and price spikes in the digital currency market.
Recall that according to the report of the American Institute for economic research on the daily timeframe first cryptocurrency is less volatile than Ethereum, Ripple, Bitcoin and Litecoin Cash.
