Bitcoin volatility may return in 'catch up' with gold in 2023
Both stocks and gold are leading the way when it comes to new year gains, but can Bitcoin match them? Bitcoin (BTC) volatility is declining on schedule but BTC price action could still “play catch up” with gold this year. The latest data and Analysis shows that despite sideways moves in Bitcoin, the largest cryptocurrency is behaving as expected. BTC price volatility follows bear market pattern With traders frustrated by a lack of tangible moves on BTC/USD, volatility is under the microscope at the start of 2023. For analytics resource Ecoinometrics, however, there is nothing to worry about — Bitcoin is becoming more stable with time, and this is a feature, not a bug. In Twitter comments on Jan. 2, it stated that “so far the pattern of less extreme volatile events as Bitcoin matures is confirmed.” An accompanying chart of Bitcoin average one-month realized volatility distribution came with a description of BTC being “deep in a bear market.” The data showed volatility ebbing at identi...