Senior analyst at the CBOE Options Institute Kevin Davitt presented a study according to which the bitcoin is less volatile shares of Amazon, Netflix and Nvidia. This writes the CCN.
According to the report, the 20-day historical volatility (HV) bitcoin — the rate of change in daily prices — dropped to 31.5%. For comparison, the same indicator from Netflix almost two times more — 52% for Nvidia and 40%, the volatility of Amazon’s stock is marked at 35%, While Apple showed a lower level of 29.3%.
As noted by DeWitt, the bitcoin exchange rate even with high volatility is more stable than the share price of the company Tilray produces medicinal preparations of cannabis. The drop in the level of HV bitcoin, experts said, could signal a structural shift in the ecosystem of cryptocurrency market. However, to speak of a “new normal” even earlier, he added.
The bitcoin exchange rate as at 23 October 2018 20.20 GMT / Source: CoinMarketCap
Course main cryptocurrency since the end of last week is at $6400. According to Coinmarketcap at the time of this writing, the price of the home cryptocurrency decreased by 0.33%, to $6467,16 lost during the day nearly$ 20. Capitalization of BTC was $112 billion, unchanged from yesterday.