Time To Buy? Bitcoin Volatility is Back to the 2017 Bull Market Levels

2019-7-20 17:09

Bitcoin has recorded leaps and falls in its price in the past few weeks and the BTC/USD market is more volatile in comparison to how it began early this year. Skew Markets asserted that bitcoin volatility is back like old times.

Restored Bitcoin Volatility Levels to That of 2017’s End

According to Skew’s tweet, Bitcoin’s current volatility is back to levels which were not seen since the end of the 2017’s bull market. This was when bitcoin surged to an all-time high of $20k, having a market capitalization of over $300 billion.

Skew also attached a chart which shows that BTC/USD realized volatility towards 2017’s end was above 100 percent. In early 2018, it went as high as 150 percent before gradually declining below 100 percent which it was throughout most of 2018.

Image Via Skew Markets | Source: Twitter

However, Bitcoin’s price fluctuated a lot towards 2018’s end which is evident in the chart as it moved above 100 percent again.

Nonetheless, the level was not maintained given that early this year, bitcoin’s volatility declined to less than 50 percent. There were no significant leaps or dump in price until a few months ago. Based on Skew’s chart, Bitcoin’s volatility in the current month has surged to almost 150 percent. 

Low Volatility Followed by Traders Unwillingness

It can be recalled that when there was less volatility in the market, most traders were unwilling to trade. Cryptocurrency exchanges like Binance, OKEx, Coinbase, and Gemini had reported lower trading volumes in comparison with 2017 and 2018.

For instance, a study by Diar, a Blockchain research unit revealed that as of January 2019, Binance had recorded a 40 percent loss in its Bitcoin/USD trades in comparison to December 2018. Specifically, its BTC/USD market had a trading volume of $3 billion in January 2019 which differs from almost $6 billion around November and December 2018.

Generally, increased volatility in the market would mean more fees for these exchanges since more people are willing to trade. It could also do a lot to impact on Bitcoin’s price with more money entering the crypto space.

Bitcoin’s Volatility is Positive, Not Negative

Anthony Pompliano, Morgan Creek Digital Assets cofounder on June 27, 2019, said Bitcoin’s volatility is not negative but positive because the asset will not attain a global reserve status by trading sideways. A similar opinion is held by Spencer Bogart, General Partner at Blockchain capital who on June 28, 2019, said:

“Bitcoin’s volatility is a byproduct of absolute scarcity (coupled with fluctuating demand) and a reflection of the nascence of Bitcoin’s onboarding phase.”

Disclaimer: The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of ZyCrypto. none of the information you read on ZyCrypto.com should be regarded as investment advice, Every investment and trading move involves risk, you should always conduct your own research before making any investment decision.

The post Time To Buy? Bitcoin Volatility is Back to the 2017 Bull Market Levels appeared first on ZyCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 69018.91 (-0.14%)
Объем 24H $15.607b
Изменеия 24h: -0.08 %, 7d: 2.80 %
Cегодня L: $68878.59 - H: $69424.87
Капитализация $1359.391b Rank 1
Цена в час новости $ 10609.74 (550.52%)

bitcoin volatility 2017 market levels back buy

Источник: zycrypto.com

bitcoin volatility → Результатов: 126


Role Reversal: Ethereum Defies Expectations With Lower Volatility Than Bitcoin

Ethereum (ETH), the second-largest digital asset in the cryptocurrency sector, is currently captivating traders’ attention as volatility gauges indicate an intriguing shift in market dynamics.   Contrary to the customary pattern, these indicators are suggesting that Ether may experience relatively smaller near-term price fluctuations compared to Bitcoin, according to Bloomberg.

2023-5-22 18:20


Bitcoin supply is dwindling, yet volatility will be the biggest benefactor

Key Takeaways Long-term holders are accumulating Bitcoin, with two-thirds of the supply stagnant for over a year Our Head of Research, Dan Ashmore, writes that liquidity on the demand side is also drying up, with order books thin and stablecoins fleeing exchanges This will kick up volatility in the short-term, leaving Bitcoin open to aggressive […] The post Bitcoin supply is dwindling, yet volatility will be the biggest benefactor appeared first on CoinJournal.

2023-4-26 14:51


Фото:

Bitcoin volatility rising as $4.2 billion options set to expire Friday

Key Takeaways Bitcoin volatility is the highest point since July 2022 Liquidity is extremely thin which is pushing volatility higher and accentuating price moves $4. 2 billion of options expire Friday, with bull set to profit following the recent surge up to $28,000 Yesterday, I wrote a piece looking at how the correlation between Bitcoin and […] The post Bitcoin volatility rising as $4.

2023-3-31 15:49


Bitcoin Volatility Plunging While OI on Binance Is Surging with GBTC Sellers Buying BTC

Trading around $34,500, Bitcoin’s price remains range-bound between $30k and $40k. The lack of any price action has volatility simply plunging to April levels. Amidst this low volatility, Bitcoin’s correlation with the S&P 500 has started to rise in recent weeks while the leading cryptocurrency’s correlation with commodities continues to fall.

2021-7-12 15:27


Bitcoin Market State: Investors Holding Steady Instead of Selling Large Volumes like 2018, But Volatility to Remain Under Pressure until Q3 End

The macro-environment also remains in favor of Bitcoin, for now, while the CBDCs aiming for “absolute control” will only drive the cryptocurrency adoption further. The post Bitcoin Market State: Investors Holding Steady Instead of Selling Large Volumes like 2018, But Volatility to Remain Under Pressure until Q3 End first appeared on BitcoinExchangeGuide.

2021-7-10 16:55


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Liquidation heatmap shows volatility ahead as Bitcoin drops to $57k

Monitoring liquidation levels is crucial during periods of price volatility, as they indicate where significant price movements can occur due to forced sell-offs or buy-ins.  Tools like Coinglass’s liquidation heatmap are invaluable as they visually represent where the market holds large amounts of leveraged positions, identifying potential price points where forced liquidations will occur if […] The post Liquidation heatmap shows volatility ahead as Bitcoin drops to $57k appeared first on CryptoSlate.

The Rise of Crypto Options and Structured Products

Retail dominance of crypto trading and the lack of institutional infrastructure and participation has led to imbalance in the structure of the options market. Here’s how we can address these challenges, says Abdulla Kanoo, Co-Founder of ARP Digital.