Bitcoin Price Volatility Far Lower Than During COVID-19 Crash — What This Means
The post Bitcoin Price Volatility Far Lower Than During COVID-19 Crash — What This Means appeared on BitcoinEthereumNews.com.
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Over the past few weeks, the cryptocurrency market has been overwhelmed by a high degree of uncertainty and volatility triggered by the constantly shifting global macroeconomics. This unsettled market condition saw the Bitcoin price dance between $74,000 and $83,000 in the space of a few days. The price of BTC sank toward $74,000 at the start of the past week as crypto investors panicked after United States President Donald Trump announced new trade tariffs. On Thursday, April 10, the premier cryptocurrency reclaimed the $83,000 level after President Trump paused trade tariffs on all countries except China. Is Bitcoin Now A ‘Mature Asset’? The Bitcoin price has been quite reactive to virtually every piece of news in the global trade, demonstrating the highly volatile state of the cryptocurrency market. However, an on-chain analytics expert has explained that the volatility of the current Bitcoin market pales in comparison to past episodes. In a new post on the social media platform X, CryptoQuant’s head of research, Julio Moreno, revealed that the Bitcoin price volatility in the ongoing global trade drama has been “so far lower” than that from other past events, such as the COVID-19 crash, Terra-Luna collapse, FTX downfall, and the Silicon Valley Bank (SVB) bank run. The relevant indicator here is the Price Intraweek Range metric, which estimates the percentage change in the average weekly price of Bitcoin. According to data from CryptoQuant, the Bitcoin Price Intraweek Range climbed to an all-time high of 72% during the COVID-19 market downturn in April 2020. Source: @jjcmoreno on X The chart above shows that the BTC Intraweek Range metric surged to 49% after the crash of the Terra Luna ecosystem in May 2022. Meanwhile, the indicator reached 31% following the…
Filed under: News - @ April 12, 2025 10:09 pm