The cryptocurrency market, known for its sudden rises and falls over the years, has been stagnant lately. Industry researcher Kaiko compared Bitcoin and Ethereum to other commodities to determine the extent of market calm.
Kaiko, in the crypto money report he prepared, belongs to the last 90 days. Bitcoin (BTC)And Ethereum (ETH) announced that the volatility indices reached about 35%, the lowest level in recent years. Crypto experts concluded that BTC and ETH volatility is less than brent oil (41%).
Volatility measurements of various assets for the last 90 days. Volatility measures how much the price of an asset has changed.According to the index that measures BTC, ETH, Nasdaq, ounce gold and brent oil volatility, the product with the highest volatility today was oil. On the other hand, ounce of gold, to which domestic investors showed interest, continued to be a “safe haven”.
Cryptocurrency researcher Dessislava Ianeva commented that the situation in question was “abnormal”. However, the fact that the Bitcoin and altcoin market has matured over the years may also have led to this situation.
