Bitcoin
BTC$70 638.80

0.70%

Ethereum
ETH$3 565.34

-0.37%

Tether
USDT$0.999450

-0.04%

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BNB$581.89

0.78%

Solana
SOL$183.34

-1.85%

XRP
XRP$0.618901

-0.43%

Bitcoin Has Been Less Volatile Than Tesla Stock for Months


29 Sep 2020

#Bitcoin

Tesla (TSLA) has been seeing bigger daily percentage moves since the end of June, according to 30-day realized volatility data. Further, the volatility gulf between the two assets has been widening in recent weeks. Bitcoin witnessed a below-1.25% daily move in 14 out of the last 27 days, according to data from TradingView – almost 52% of the time.

However, Tesla only achieved sub-1.25% moves 6% of the time over the same period, data source Skew tweeted early Monday. “People always assume bitcoin is incredibly volatile, but it’s not more volatile than many popular tech stocks,” Skew co-founder and CEO Emmanuel Goh told CoinDesk.

Tesla has seen a month-to-date price decline of 18% – far worse than bitcoin’s 6% drop. Bitcoin’s 30-day historical volatility, which measures the price action realized in the past 30 days, has been flatlined near 55% (annualized) since Sept. 3. Further, its 30-day implied volatility – that is, investors’ expectations of how volatile price will be over the next four weeks – has declined to 44%, the lowest level in nearly two years.

In the past, big moves have been preceded by an implied volatility reading of less than 50%. At press time, the cryptocurrency is currently trading at $10,911, representing an over 2% gain on the day. The weekly chart MACD histogram, an indicator used to identify trend changes and trend strength, has crossed bearish below zero. As such, the cryptocurrency may face some chart-driven selling pressure in the short term.

Source


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 74.4% 44 $70 638.80 0.70% 5.03% $1 389 224 140 780 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 75.6% 48 $3 565.34 -0.37% 0.63% $428 096 700 911 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92% 1 $0.999450 -0.04% -0.10% $104 396 726 096 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 63.2% 80 $581.89 0.78% 4.06% $87 013 557 574 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 61.2% 89 $183.34 -1.85% -3.70% $81 456 432 857 SOL 7 days price change
6 XRP (XRP) XRP XRP predictions 79.2% 31 $0.618901 -0.43% 0.46% $33 967 887 928 XRP 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 92.8% 2 $1.000043 0% -0.06% $32 204 461 666 USDC 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 64% 68 $0.216094 15.17% 41.35% $31 042 497 287 DOGE 7 days price change
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10 Avalanche (AVAX) AVAX Avalanche predictions 61.6% 88 $53.81 -1.05% -2.04% $20 307 708 295 AVAX 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 55.2% 94 $0.000032 5.06% 17.60% $18 849 625 719 SHIB 7 days price change
12 Toncoin (TON) TON Toncoin predictions 56.4% 88 $4.98 -1.38% 19.45% $17 270 209 242 TON 7 days price change
13 Polkadot (DOT) DOT Polkadot predictions 72.4% 52 $9.45 -1.74% 0.78% $13 478 466 986 DOT 7 days price change
14 Chainlink (LINK) LINK Chainlink predictions 75.2% 42 $19.28 -2.13% 5.57% $11 319 050 024 LINK 7 days price change
15 Bitcoin Cash (BCH) BCH Bitcoin Cash predictions 72.4% 60 $569.11 14.45% 32.42% $11 201 035 891 BCH 7 days price change

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