Bitcoin Volatility Dropped After Few Days of Market Crash

While on March 20, bitcoin was recorded at $7,000 but within four hours it fell below $6,600.

According to the chart, where realized volatility of bitcoin has been shown, within 24 hours it has dropped to 156 percent. Earlier, this volatility level was around 321 percent since March 14.

Although this volatility chart has been made by the data of only 10 days it somewhere indicates that volatility is decreasing in the market. This decreased volatility means that stability will again return in the market very soon.

Bitcoin returning to positive level after the huge downfall 

Although there has been a huge downfall in the whole financial market, bitcoin was also affected severely due to it. After its huge downfall, bitcoin has been making a comeback since March 14. It has seen a rise by overall 25 percent in just 10 days.

The bitcoin realized volatility is going above 6.1 percent consistently since March 19. Meanwhile, according to the charts, bitcoin implied volatility is 6 or under 6 percent.

It has been recorded that overall the annual bitcoin volatility level was high only. It has reached 4.75 percent at the present time which was 3.72 percent on March 12.

Whether short-term changes will affect long-term charts

Through the 10 days charts, it is quite clear that the volatility in the crypto market has started to decrease. This clearly means that the situation is moving towards normalcy after such great fluctuations.

Although it is still not certain what is going to be the future of bitcoin and whether the price will increase or decrease. But, this 10 days chart has shown a positive way to the industry which could also contribute to long-term charts.

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