Bitcoin’s Extreme Volatility Vanishes Amid ‘Extreme Apathy and Exhaustion’
- 90-day volatility at lowest since 2016, Bloomberg data show
- Bitcoin has hovered around $29,000 throughout August
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Ask anyone to name a typical characteristic exhibited by Bitcoin and they might mention that it’s volatile. But it turns out that of late, the most popular digital token has been anything but.
Gauges that measure the price swings of the original cryptocurrency, which is trading at around $29,100, have been trending down — 90-day volatility is at its lowest since 2016, according to data compiled by Bloomberg.