Bitcoin experienced some sharp price fluctuations in March, surpassing $94,000 and falling to almost … More
A measure of bitcoin’s price volatility reached its loftiest value in close to a year in March, during a month where this digital currency experienced some notable fluctuations in value.
The cryptocurrency’s annualized 30-day volatility climbed to 71.28% on March 24, according to figures compiled by asset manager Blockforce Capital.
At this point, the measure was at its highest value since April 14, 2024, additional figures supplied by Blockforce Capital reveal.
The digital asset underwent these price fluctuations during a month where it climbed above $94,000 early on and then fell to almost $77,000 as mid-month approached, Coinbase figures from TradingView reveal.
The price fluctuations the digital asset experienced in March provided a sharp contrast with the prior month, when annualized 30-day volatility dropped to 30.98% on February 23.
At this point, the measure was close to half of the 61.25% that bitcoin had averaged for more than a decade, going back to figures gathered in 2013.
The multi-month high that annualized 30-day volatility reached in March fit bitcoin’s historical tendency to experience sharp price fluctuations. The prominent cryptocurrency has entered several bull markets and bear markets since coming into existence in 2009.
This intense volatility has generated substantial visibility for the digital currency, but it has also served as a cautionary tale for some investors.
Disclosure: I own some bitcoin, bitcoin cash, litecoin, ether, EOS and SOL.
