American Institute for economic research (AIER) has studied the dynamics of prices of bitcoin in 2013 and found that on the daily timeframe first cryptocurrency is less volatile than Ethereum, Ripple, Bitcoin and Litecoin Cash.
In AIER used data analytical resource CoinMarketCap to determine the weighted average percentage price change during the day.
So, for the last five years, the average daily fluctuation of bitcoin prices have always been less than four other cryptocurrencies. The researchers also used the coefficient of variation in order to recheck the data.
In 2013, the weighted average daily change in the price of XRP has exceeded that of bitcoin by five percentage points, but in 2016, the difference was less than 1%.
It is noteworthy that in 2018 the corresponding indicators of the volatility of bitcoin, Ripple and Litecoin increased in comparison to 2016, and Ethereum is decreased.
At the same time, for each cryptocurrency analysts estimate the number of days in the year when the asset price has risen or fallen more than 10%. Bitcoin Cash was the most volatile, bitcoin has once again demonstrated the lowest values.
We will remind, earlier startup Chainalysis the study of bitcoin wallets has concluded that the group of 1600 addresses controls one-third of all the coins on the market.
In April of this year Chainalysis determined that there are only 1,600 wallets containing more than 1000 BTC. Together, these anonymous address of nearly 5 million coins, which is the third part of the whole bitcoin market, excluding the inactive wallets, money which in some cases are considered irretrievably lost (from 2.3 million to 3.7 million BTC BTC). So, only 100 addresses contain from 10 000 to 100 000 BTC BTC.
Moreover, the analysts came to the conclusion that long-term bitcoin investors, known as Hodler, in the period from December 2017 to April of the current year sold the first cryptocurrency to $30 billion.