Bitcoin is now less volatile than S&P 500 and Nasdaq

showed BTC/USD building on prior strength to hit highs of $21,473 on Bitstamp — a new seven-week high.from the latest United States economic data, while the dollar conversely suffered. The U.S. dollar index lost 2% in a day for the first time in years, helping fuel a risk asset rally.

“For the first time in history, bitcoin is less volatile than both the S&P 500 and Nasdaq,” Yassine Elmandjra, a crypto analyst at ARK Invest,“The last time volatility was this low, bitcoin rose from $9,000 to $60,000 in less than a year.”Tyler Winklevoss, co-founder of trading platform Gemini, meanwhile revealed a belief that crypto markets would continue to act as a leading indicator of overall market trajectory, as in 2021.

Continuing on the theme of low volatility, ARK’s report, led by well-known analyst David Puell, showed that it was not just stocks being undercut by Bitcoin’s stability.“Bitcoin’s relative volatility has not only decreased relative to equities, but also to major currency pairs. As macro uncertainty and USD strength have increased, foreign currency pairs have been impacted negatively while bitcoin has been relatively stable,” The Bitcoin Monthly stated.

“Bitcoin’s 30-day realized volatility is nearly equivalent to that of the GBP and EUR for the first time since October 2016. Although Fed hawkishness could continue its volatility, bitcoin’s strength relative to foreign currencies is an encouraging sign.”, another popular analyst, LookIntoBitcoin creator Philip Swift, has forecast the end of the current bear market by the start of 2023.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

*currently less volatile

Fiat is kinda useless nowadays. I’m keeping USDT handy to be ready for the dips.

It's just the silence before the storm. Get ready.

That just means its going to take a huge dump after...

sideways movement

$spcx

Bitcoim for the win

🥱

The calm before the storm...

🚀Thnkss a millonn

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