Despite worsening Middle East situation... Bitcoin volatility lower than U.S. stock market
Son Min
Summary
- Despite the worsening Middle East situation, it was noted that Bitcoin's volatility was at a lower level than the U.S. stock market.
- Currently, Bitcoin's 60-day realized volatility is 27~28%, which is lower than S&P 500 (30%), Nasdaq (35%), and Magnificent 7 (40%).
- Along with the assessment that Bitcoin has become a mature asset class, it was reported that the price has risen by 2.21% compared to 24 hours ago.
Despite the recent escalation of geopolitical tensions in the Middle East, Bitcoin (BTC) volatility has remained at a more stable level than the U.S. stock market.
On the 23rd (local time), Cointelegraph reported, "At the outbreak of the Russia-Ukraine war in 2022, Bitcoin's 60-day realized volatility stood at around 60%~65%," but also stated, "Currently, with the worsening situation in the Middle East, Bitcoin's realized volatility is only about 27~28%." They added, "This is lower than the S&P 500 (30%), Nasdaq (35%), and Magnificent 7 (40%), suggesting that Bitcoin has become a mature asset class."
As of 12:04 PM, on the Binance USDT market, Bitcoin is trading at $101,931, up 2.21% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit!["Will AI take our jobs?" Fear spreads…market rattled by a plunge in shares [New York Market Briefing]](https://media.bloomingbit.io/PROD/news/874408f1-9479-48bb-a255-59db87b321bd.webp?w=250)
