Bitcoin volatility increased 86% in December

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Crypto-currencies

It appears the bears have taken over the crypto markets as Bitcoin, the king of cryptocurrencies, fails to break through the crucial $ 50,000 level. It fell 8.40% yesterday to $ 45,773. The CompareBroker research note shows that December is actually a month when you see higher volatility for the price of Bitcoin. According to their research, in December, BTC volatility increased by almost 86% over the past 10 years, so it is quite normal that we continue to see bigger signals for the price of BTC during this period. month.

As for the current BTC price action, the Bitcoin price drop on Monday pushed the digital coin below its 200-day average, which is negative news for crypto enthusiasts. Likewise, the Bloomberg Galaxy Crypto Index fell around 7.40%, showing that sentiment in the broader crypto markets has taken a hit.

The current movement in cryptocurrency prices disproves the premise that the blockchain ecosystem has reached full maturity, resulting in less severe market volatility going forward. This, however, does not appear to be the case. Likewise, some investors are seeing digital currencies as a hedge against inflation, and rising consumer prices helped bolster crypto markets to some extent last week. Crypto markets, on the other hand, were unable to keep up the rise.

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