Currently, Apple shares and gold are considered more stable investment options than Bitcoin. However, the infamous price volatility of the flagship crypto has decreased significantly compared to its historical average, with an annualized rate of 32% compared to the previous average of 71%.
While Bitcoin has been known for its highly unpredictable price swings, it is currently exhibiting less volatility than tech giants Amazon and Meta. The cryptocurrency is experiencing this unusual stability during a period referred to as the summer lull, characterized by reduced trading volume. In fact, this summer is on track to be the calmest since 2020.
Bitcoin faced significant instability last summer, marked by a sharp drop in value followed by a recovery by the end of the year. During that time, both its price and stability were negatively affected by the general downturn in the crypto market and the Terra-Luna fallout.
Although its volatility has not reached the levels seen in solid assets like gold and Apple stock, Bitcoin currently exhibits more stability than both Meta and Amazon, which have volatility rates of 44% and 34% respectively. For comparison, the volatility rate of the Dow Jones Industrial Average is currently at 13%.
However, LedgerPrime Vice President Laura Vidiella believes that this recent period of low volatility does not indicate a major shift in the market. She anticipates that significant price swings and volatility will return in the fall.
If this prediction aligns with general expectations, we might see a price surge in the late third and early fourth quarter of this year.
Amazon And Meta Shares Now Less Stable Than Bitcoin
Subscribe to the CryptoWeekly Newsletter
Get the top stories, funding deals, technical analysis, cryptocurrency jobs and much more delivered to your inbox, every Monday morning.
October 17,2024
An Overwhelming Majority Of Asian Private Wealth Is Investing In Crypto
October 17,2024
WLFI Token Raises $5 Million As Technical Issues Persist
October 16,2024
DeLorean Motors May Copy Tesla And Adopt SHIB As Payment Option
October 16,2024
Everything You Need To Know About The New Ripple Stablecoin
October 15,2024
Hyperliquid Announces New HYPE Tokens Ahead Of Mainnet Launch
October 15,2024
New Ethereum Proposal Could Drastically Reduce Validator Threshold
October 14,2024
US DoJ Aims To Boost Market Trust By Targeting Meme Coin Scammers
October 14,2024
Chinese Researchers Breach Cryptographic Algorithms Via Quantum Computing
October 14,2024
Web3 Fundraising Deals - 8th To 14th October 2024
October 13,2024
Bitcoin Touches $63K As Meme Coins Continue To Soar
October 12,2024
Former Crypto CEO On The Run As Authorities Issue Arrest Warrant
October 11,2024