Cryptocurrency
Oil Prices Are Now More Volatile Than Bitcoin
Reported on Coindesk, “For skeptics and traditional market investors, bitcoin (BTC) is synonymous with extreme bouts of price volatility. However, in recent times, oil has become a relatively risky asset. “The West Texas Intermediate (WTI) oil price’s one-month realized, or historical, volatility stood at 105.3 percent on Feb. 10, after having hit a four-month high of 119.6 […]
Reported on Coindesk, “For skeptics and traditional market investors, bitcoin (BTC) is synonymous with extreme bouts of price volatility. However, in recent times, oil has become a relatively risky asset.
“The West Texas Intermediate (WTI) oil price’s one-month realized, or historical, volatility stood at 105.3 percent on Feb. 10, after having hit a four-month high of 119.6 percent at the end of January. Meanwhile, bitcoin’s historical volatility recently dropped to 42.3 percent, the lowest level since September, according to Skew Markets…
“…WTI’s volatility rose sharply from 38.7 percent on Jan. 6 to a high of 119.6 percent on Jan. 27. Bitcoin’s volatility has retreated in a steady manner from 66 percent to 42 percent in the four weeks to mid-February.
“For comparison, the S&P 500 index’s realized volatility increased in the last week of January and stood at 15.6 percent on Wednesday. Gold’s volatility gauge doubled to 18 percent in the first 10 days of January before falling back to 10 percent earlier this month…”