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When the Stocks Volatilize, Bitcoin Value Seems to Stabilize
Summary: After the slump of Bitcoin prices on March 12, which almost cut the digital currency’s worth in two at the waist, Bitcoin value is seeing less volatility, according to Daniel Cawray, an author at the Coindesk.
After the slump of Bitcoin prices on March 12, which almost cut the digital currency’s worth in two at the waist, Bitcoin value is seeing less volatility, according to Daniel Cawray, an author at the Coindesk. The 30-day volatility of daily returns is almost restoring to its starting point when the coronavirus outbreak began in the US.
Meanwhile, stock market indexes, such as the S&P 500 and the Dow Jones Industrial Average, are challenged by frequent daily price swings. On April 8, the S&P 500 witnessed its historical volatility of an average daily price change of plus or minus 4.8% in the past five weeks, stated by MarketWatch. The stocks fell again this morning (April 15) when the market opened as US retail sales plunged a record 8.7%, under the influence of the COVID-19 pandemic, as reported by multiple sources.
By Dawn Wu
Tags: Bitcoin,Stock Markets,Stocks
Link: When the Stocks Volatilize, Bitcoin Value Seems to Stabilize [Copy]
