As a bleak first quarter draws to a close, crypto seems to have the wind in its sails. It has pushed through the $2At Monday’s high of $47,765,broke above the narrow $34,000-$44,000 range it’s traded in for most of 2022. Through a steady grind higher from a low just above $40,000 on March 21, it has gained 18%.s, traditional currencies and even safe-haven gold, which have been shaken by the Russian invasion of Ukraine as well as the Federal Reserve’s tightening.
Its 30-day volatility is around 4%, about two-thirds the level it was in June 2021, according to futures trading platform Coinglass. The highest this year was 4.56% on March 16.has still had wild swings, such as a 17% jump on March 1. But it’s distinctly tamer than in 2021 when it could move as much as 40% in a day.has whipsawed 5-6% on numerous days in 2022, and was down 20% for the year as of March 14, before it rallied to cut half that loss.
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