Bitcoin volatility never been so low

07.Nov.18 10:42 AM
By Abigail Richards
Photo Clipart

1053

Since the early adoption BTC has been deemed too volatile for the real world applications, e.g. money transfers and savings. As for now Bitcoin is rock-steady and is traded well in channel. Isn't it good sign?

Bitcoin (BTC) has shown a high level of stability in recent weeks, with the volatility of the cryptocurrency not so low in one and a half years. The decline in volatility has now also reached a historical level on the forward markets. Last month, Bitcoin futures on the Chicago Board Options Exchange (CBOE) turned out to be less volatile than the shares of Netflix and Amazon, among others.

According to Kevin Davitt, Senior Instructor at the CBOE Options Institute, Bitcoin volatility is reaching record levels on the futures markets. He says in a video that the CBOE, the largest US stock exchange for options, saw a record low of the volatility of its Bitcoin futures market in the month of October.

Davitt states in the video that the average weekly volatility in the last week of October was only 3% for its XBT-CBOE Bitcoin futures. That level had never been that low since the launch of BTC futures on 10 December 2017. The whole month of October shows by 6.6% the lowest monthly average.

CBOE's XBT futures had an average weekly volatility of 15.65% since its launch at the end of last year, which is more than double that of the October market. Even in the most volatile week of October, this percentage was only 8%.

The high settle was $ 6,630 and the 'low settle' was $ 6,105. This movement took place in the second week of October, between the eighth highs and lows on 11 October. That equates to a monthly range for the calendar month of less than 8%.

Back to the list

Related Information:

World, Business and Lifestyle News