Here's a look at Bitcoin's journey from wild price swings to newfound stability. Recent data reveals its tamed volatility with comparisons to stocks like NVIDIA and Tesla.
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.
As of this writing, the price volatility score was approximately 0.017%. The highest level of volatility observed over five months reached 0.07%.
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