The price of Bitcoin (TIKER: BTC.EXANTE) has been very volatile in March. The price has fluctuated wildly, raising and falling by almost $1,000 within 24 hours.
Below are some of the most vivid examples of volatility for this month (opening price → closing price, change per day).
- March 1: $10 385 → $10 951 (+$566)
- March 6: $11 500 → $10 780 (-$720)
- March 7: $10 804 → $9966 (-$833)
- March 8: $8853 → $9579 (+$726)
- March 14: $9214 → $8270 (-$944)
- March 18: $7890 → $8224 (+$334)
But if you look at the graph of volatility of Bitcoin, it becomes clear: such fluctuations are far from the limit. In July and December last year, the daily volatility of the price of cryptocurrency exceeded 20% (then it was growing). And in September the figure exceeded 17% (the cryptocurrency was falling at the time).