Amazon And Meta Shares Now Less Stable Than Bitcoin
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.
Top News
4 days ago
5 days ago
16 days ago
More From The News
Press Releases
Payments
New Payment Limit For Crypto Wallets Scrapped
The recent Anti-Money Laundering re... Read more
Bitcoin
Bitcoin Undergoes Price Correction As International Economies
A significant portion of the crypto... Read more
Join Our Newsletter
Get the latest trends and updates on our crypto community.