Bitcoin volatility drops below Nasdaq and S&P 500 for first time since 2018
Although Bitcoin (BTC) continues to move in the same direction as conventional markets, it has shown increasing resistance to rising yields and a stronger US Dollar over the past few weeks. In particular, Bitcoin’s volatility often falls below that of the Nasdaq, which is comprised of riskier tech stocks and tends to have a stronger association with the cryptocurrency market.
Bitcoin maintains its low volatility, FX volatility has risen to post-pandemic highs. Despite its early October decline, the Yen’s volatility has more than doubled since March as the Bank of Japan’s aggressive monetary easing has persisted. The notable rise in Bitcoin volumes on UK markets may be attributed to traders taking advantage of significant FX volatility in September.
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