Bitcoin volatility slips below Meta and Amazon shares

30D-MA bitcoin volatility on a yearly basis fell from the asset’s long-run average of about 71% to 32%. By this measure, digital gold proved more resilient than popular Meta and Amazon shares.

The latest readings are 44% and 34% respectively, according to The Block.

The piece noted that this summer promises to be the calmest since 2020.

Last year the situation was diametrically opposite after problems Terra and Three Arrows Capital sparked sharp price swings.

The current bitcoin volatility remains higher than comparable metrics for gold and Apple shares.

“I don’t think low volatility will become normal. I expect the return of large price swings in autumn,” commented Laura Vidiela, Vice President of LedgerPrime.

Back in 2023, former BitMEX CEO Arthur Hayes ruled out a new all-time high for bitcoin that year, but left open the possibility for the next.

Earlier, JPMorgan analysts concluded that the upcoming halving in April–May 2024 will drive the digital gold up to $40,000.