• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Bitcoin
Nexo

By The Numbers: Bitcoin’s Most Volatile Day Of 2022 Compared

Best Owie by Best Owie
1 month ago
in Bitcoin
0

Bitcoin has had its fair share of highly volatile days since its inception. This comes as no surprise given that volatility remains one of the most prominent characteristics of the cryptocurrency and this volatility is a major pull for investors. Nevertheless, there have been days when the volatility has been higher than normal, usually following large market downtrends. One of such days was recorded recently, touching new one-year highs.

Bitcoin Volatility Rises

A recent report from Arcane Report has shown that last Thursday, Bitcoin volatility had reached highs not seen since May of 2021. This analysis used the average hourly high-low difference in the digital asset in both the spot and perpetual markets. What this returned was that the volatility levels that were marked last Thursday were in levels that had last been recorded in May 2021, a time when the market had been going through a period fraught with dips and crashes.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Related Reading | DeFi Not Spared From Crypto Massacre As TVL Drops Almost 50%

The hourly average on the high and low prices on May 12th showed a 3.68% deviation in the spot market. Comparatively, the last time numbers like these were recorded had been on May 20th, 2021. This is not the highest that volatility has been, however.

bitcoin volatility

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!
BTC volatility reaches one-year high | Source: Arcane Research

Back at the start of 2020, the volatility had been much higher given the movements in the market. The most volatile day for bitcoin would be recorded later that year in March. Match 13th, a day to remember for investors, has been billed as the most volatile day in bitcoin. The deviation in the spot market on the hourly average had touched as high as 11.91%. However, 2021 has been one of the most volatile years for the digital asset, reaching highs of 6.81% deviations.

What Triggers Volatility?

While there could be a number of factors that could trigger intense volatility in a digital asset such as bitcoin, the most obvious culprit has been periods of intense sell-offs. During these periods, the price of cryptocurrencies such as bitcoin dipped significantly, triggering even more sell-offs.

Bitcoin price chart from TradingView.com

BTC dips in early hours of Tuesday | Source: BTCUSD on TradingView.com

The destabilizing effects in the derivatives markets along with leveraged positions unwinding can also lead to a ripple effect that is felt in all associated markets. Such is the case of what the market witnessed on Thursdays, leading to the most volatile day so far in 2022.

Related Reading | 44 Countries Set To Meet El Salvador To Discuss Bitcoin, Here’s What We Know

Arcane Research also notes that the spot market can also see more ‘extreme differences’ when it comes to stress compared to their perpetual counterparts. The report also added that the available liquidity in the perps market can cause active market participants to react more efficiently during growing volatility. Inversely, spot markets tend to react slower to sudden market shocks.

Featured image from Nikkei Asia, charts from Arcane Research and TradingView.com
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Best Owie

Best Owie

Related Posts

Bitcoin mining

Bitcoin Mining Facility Shut Down Following Sharp Decline In Miner Profitability

2 hours ago
bitcoin crypto

Why The 2022 Crypto Bear Market Is Different And Its Implications

1 day ago
Crypto Corner: The Sports Slice

Crypto Corner: The Sports Slice

1 day ago
Bitpanda

Bitpanda Sacks A Third Of Staff As Crypto Trading Platform Scales Down

3 days ago
Oslo Freedom Forum, Roya Mahboob screenshot

3 Lessons From The Oslo Freedom Forum: Carter, Mahboob, and Volkov on Bitcoin

4 days ago
bitcoin

Canadian Purpose Bitcoin ETF Suffers Massive Outflows, But Others Are Picking Up The Slack

5 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.