Bitcoin Volatility Has Plummeted, & That Could Be Signaling A Bottom
Bitcoin's rolling 30-day annualized volatility has sunk to around 61 percent, up modestly from its low of 50 percent earlier this month, according to an analysis from Pension Partners. Still, this volatility pales in comparison to the annualized volatility seen last year, north of 150 percent.
Ultimately, after its volatility has become this depressed and the cryptocurrency has lost as much as 70 percent from its December peak, causing some experts to believe the selling has become exhausted, and a bottoming process can begin. Bitcoin is down 0.09% over the past 24 hours and is currently trading at $6,734.50 on Coinbase.