Story by: Charles Bovaird
Climbing Price Volatility
Bitcoin’s price volatility rose during the month, lingering at reasonably high levels during the last few weeks.
Data provided by U.S. asset manager Blockforce Capital helped shed further light on this development.
“Bitcoin’s price generally rose for the month of May and volatility went with it, spending the last two weeks of the month hovering around 85-90,” said David Martin, chief investment officer of Blockforce Capital.
“This high level of volatility is expected from an emerging asset like bitcoin, but was relatively absent for the latter half of 2018,” he noted.
“In fact, volatility for the first five months of 2019 was about 15% higher than the volatility during the last five months of 2018.”
“A 15% increase in long-term volatility may not seem like much, but it bumps the asset back in-line with long term averages.”
Original story: https://tinyurl.com/yy9gy7sb