New Data: Bitcoin 30-Day Volatility Trends Lower Than Nasdaq, S&P 500
- Bitcoin’s 30-day average intra-day move is lower than the average for traditional markets.
- IntoTheBlock’s analysis noted that in the past 30 days, Bitcoin recorded lower average volatility than the Nasdaq and the S&P 500.
- Ethereum’s 30-day average intra-day move was significantly ahead of Eastern stocks such as the Nikkei 225.
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.
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%
However, the Shanghai Stock Exchange Composite Index recorded a far lower 30-day average intra-day move at 0.03%.
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