Bitcoin Transitioning to Safe-Haven Asset as Volatility Plunges

robot
Abstract generation in progress

The relative volatility of the world's leading cryptocurrency by market cap has been in a massive downtrend over the past several months

In fact, Bitcoin is becoming less volatile relative to the S&P 500, the major stock market index

Historically, Bitcoin was viewed as an extremely risky asset due to its high volatility compared to traditional markets.

Now, however, its volatility ratio has dwindled, and Bitcoin is behaving more like a traditional asset

Andre Dragosch, head of research at Bitwise, has noted that Bitcoin is now transitioning from a risky asset to a safe-haven asset.

Over the past several weeks, Bitcoin has been mostly range-bound. Earlier today, the cryptocurrency spiked to an intraday high of $110,386, according to CoinGecko data

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)