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Bitcoin’s Latest Record Run Is Less Volatile Than the 2017 Boom

  • The token’s realized volatility is lower than three years ago
  • Crypto believers see the beginning of a mainstream asset class
An engineer runs diagnostic tests at a cryptocurrency mining farm in Norilsk, Russia.

An engineer runs diagnostic tests at a cryptocurrency mining farm in Norilsk, Russia.

Photographer: Andrey Rudakov/Bloomberg
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Bitcoin’s record-breaking rally has come with some extreme moves, but by one measure, it’s not as chaotic as 2017.

For instance, on a rolling 60-day basis, the swings in Bitcoin are generally smaller now than when Bitcoin was peaking in 2017. Part of the reason is that prices have steadily climbed for the last year, and the January selloff was orderly.