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Bitcoin Volatility at Record Low, Altcoins Rally

Bitcoin's volatility has hit a record low, with the cryptocurrency being more stable than gold, the dollar index, the Nasdaq, and the S&P 500 over the past nine days.

Bitcoin logo
Bitcoin logo

A report by digital assets research and analysis company Arcane said that Bitcoin's 7-day volatility remains well below 2022 lows, and its 30-day volatility is at a level not seen since June 2020. The research also noted that such periods of relative volatility compression are highly unusual and have often been followed by volatile days with sharp bounces or frantic markets in the following 30 days.