New Data: Bitcoin 30-Day Volatility Trends Lower Than Nasdaq, S&P 500

A surprising development has been observed in the crypto market trends, particularly for Bitcoin, against traditional assets. In a recent tweet, prominent market intelligence firm IntoTheBlock highlighted the unexpected twist in the Bitcoin market regarding its month-long volatility trend.

According to IntoTheBlock’s analysis, the 30-day average intra-day move for Bitcoin, which is a measure of how much the price of Bitcoin moves in a single day, is currently lower than the 30-day average intra-day move for traditional markets, such as Nasdaq and the S&P 500.

The on-chain analytic firm argued that the turnout implies that Bitcoin is currently experiencing a period of relatively low volatility, which challenges the usual narrative that Bitcoin is a highly volatile asset.

A surprising twist in market trends! The 30-day average intra-day move for Bitcoin is currently lower than traditional markets. This indicates a period of relatively low volatility for BTC, contrasting with the usual narrative.
🔗https://t.co/NDq3jyIubj pic.twitter.com/0ImqZ94BGL

— IntoTheBlock (@intotheblock) November 29, 2023

Per IntoTheBlock’s data, Bitcoin’s average intra-day move for the last 30 days is a positive 0.32%, compared to 0.58% and 0.48% observed for Nasdaq and the S&P 500, respectively.

Meanwhile, on a 90-day scale, Bitcoin and Ethereum’s average intra-day moves are significantly ahead of the compared traditional assets. This observation suggests that BTC and ETH experienced much higher volatility in the last three months than the Nasdaq and the S&P 500.

Notably, while the data mentioned earlier captured the situation with Bitcoin concerning the Western market, an almost contrasting trend is observable in the traditional stocks of the Eastern market. Specifically, IntoTheBlock statistics indicated that Bitcoin’s 30-day average intra-day move is 0.32% while the Nikkei 225 is 0.36%.

While Bitcoin recorded a slightly lower overall volatility figure compared to the Nikkei 225, Ethereum’s 30-day average intra-day move was significantly ahead at 0.45%

Crypto market trends compared to Eastern Stock: IntoTheBlock

However, the Shanghai Stock Exchange Composite Index recorded a far lower 30-day average intra-day move at 0.03%.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Source