Bitcoin Has Been Less Volatile Than Tesla Stock for Months

29 September, 2020

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   Presented by FxPro
Bitcoin Price Lingers Around $194004 Dec, 2020  

The bitcoin market is back to trending towards bullish territory after a flat Wednesday made it clear traders were taking a bit of a breather. The price was able to go...

Bitcoin price consolidates as traders contest $19.5K range3 Dec, 2020  

After an impressive run to a new all-time high on Dec.1, Bitcoin (BTC) price appears to have entered a short consolidation phase as the price ranges between $18,200 and $19,500...

Bitcoin falls to $18.1K as correlation to Ether picks up2 Dec, 2020  

The price of bitcoin was able to hit as high as $19,920, according to CoinDesk 20 data, before momentum stalled. Traders began hitting the sell button, taking the price...


Bitcoin is heading for all-time high to $195001 Dec, 2020  

If we take current price dynamic, the first cryptocurrency has grown by 7% and changes hands for $19,500. The coin has quickly overcome the round level, and the historical maximum has reappeared on the horizon...

Quick Bitcoin Price Recovery Looks in Doubt30 Nov, 2020  

Bitcoin may have a tough time charting a V-shaped recovery to recent highs in the short term, with on-chain activity showing increased selling pressure in the market...

Bitcoin plunges by nearly $3000 after closing in on its all-time record27 Nov, 2020  

Bitcoin has plunged by close to $3,000 in less than 24 hours after hitting highs not seen since the end of 2017. The price of bitcoin was trading at $19,374 at 1:45 p.m...


Bitcoin climbs past $19000 and closes in on record price25 Nov, 2020  

Bitcoin climbed past $19,000 Tuesday as the world's best-known cryptocurrency continues its 2020 surge. The price of bitcoin was trading about 4.25% higher for...

Bitcoin at $100000 in 2021? Outrageous to some, a no-brainer for backers24 Nov, 2020  

Bitcoin investors, which include top hedge funds and money managers, are betting the virtual currency could more than quintuple to as high as $100,000 in a year. It's a wager...

Bitcoin rebounds to $18K after crucial support level holds20 Nov, 2020  

Bitcoin (BTC) has seen a tremendous run, particularly since September, with BTC price surging from $10,500 to $18,400 - a rally of 75% in less than three months...