Fri. Oct 22nd, 2021

Bitcoin’s price undulations became the calmest in three months on Tuesday, as volatility revisited levels last seen ahead of the “Black Thursday” crash on March 12.

The leading cryptocurrency’s 30-day volatility has now fallen to 40%, the lowest level since March 6, according to blockchain analytics firm IntoTheBlock. Meanwhile, 60-day volatility declined to 52.18%, its lowest since March 11. 

The decline in volatility may be associated with the lack of clear directional bias in the market.

Bitcoin rallied by over 150% in the two months leading up to the May 11 mining reward halving. Since then, however, the buyers have repeatedly failed to establish a foothold above $10,000. At the same time, downside has been restricted to around $8,600. 

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