Odaily Planet Daily News Kaiko data shows that the 90-day volatility of Bitcoin and Ethereum has dropped to 35% and 37% respectively, while the 90-day volatility of crude oil has reached 41%.
Volatility is the rate at which the price of a specified asset rises or falls over a specified period of time. Bitcoin has historically been volatile, however recently this has not been the case, but this time the unusual stability has been accompanied by a sharp drop in transaction volume.
Last month, bitcoin trading volume was the lowest since November 2020, with 30-day volatility approaching five-year lows, data showed.
It is worth noting that Bitcoin volatility is currently lower than the S&P 500 Index, technology stocks, gold, etc. (U. today)