BITCOIN PRICE VOLATILITY SOARS 200% IN APRIL

Bitcoinist | April 21, 2019

BITCOIN PRICE VOLATILITY SOARS 200% IN APRIL
Bitcoin price volatility has tripled over the past 30 days as BTC/USD has made an impressive push above the $5,000 mark. At the same time, overall volatility is actually in decline as Bitcoin adoption spreads. BITCOIN PRICE VOLATILITY TRIPLES IN APRIL The volatility of bitcoin price has surged nearly 200 percent from a monthly low of 1.26 percent to 3.31 between April 1 and April 2, according to Bitvol.info. Currently, the volatility stands at 3.54 percent This occurred as BTC/USD skyrocketed by 22 percent in just the span of one hour propelling the cryptocurrency above $5,000 for the first time in 5 months.
Since the early April surge, the price has remained in a relatively tight range between $4,900 and $5400 amid bullish forecasts and other indicators possibly signaling a market bottom. BITCOIN VOLATILITY DECREASING WITH TIME The given volatility index gauges the price movement of BTC price over the past 30 days. Currently, the volatility stands at 3.54 percent, the highest in 3 months. Overall, bitcoin price volatility has actually been declining over the years. In fact, 2018 was one of the least volatile periods in Bitcoin’s history despite an 80 percent drop in USD value.

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Strike Rate – an exchange rate selected by you for the Base Currency and Alternate Currency. If your Base Currency appreciates against your Alternate Currency beyond the Strike Rate at the Decision Time, HSBC will ordinarily convert your Proceeds to the Alternate Currency at the Strike Rate. You will ordinarily receive the Proceeds in the weaker currency when comparing the Decision Rate to the Strike Rate…

Spotlight

Strike Rate – an exchange rate selected by you for the Base Currency and Alternate Currency. If your Base Currency appreciates against your Alternate Currency beyond the Strike Rate at the Decision Time, HSBC will ordinarily convert your Proceeds to the Alternate Currency at the Strike Rate. You will ordinarily receive the Proceeds in the weaker currency when comparing the Decision Rate to the Strike Rate…

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