Data disclosed by blockchain analysis company Kaiko shows that the current 90-day volatility of Bitcoin BTC -0.57% and Ethereum ETH -0.36% has dropped to 35% and 37% respectively, while the 90-day volatility of crude oil has reached 41%.
Volatility is the rate at which the price of a given asset rises or falls over a given period of time.
Bitcoin has historically been volatile, however recently this has not been the case, but this time the unusual stability has been accompanied by a sharp drop in transaction volume.
Last month, bitcoin trading volume was the lowest since November 2020, with 30-day volatility approaching five-year lows, data showed.
It is worth noting that Bitcoin volatility is now lower than the S&P 500 Index, technology stocks, and especially its closest competitor gold.
