Price swings of Bitcoin increased substantially in November 2022, recording a 10-day volatility of more than 100 percent. Measured in a metric called volatility, the percentage shown here reflect how much the price of BTC in U.S. dollars changed historically over a preceding 7-day window. Changes can be either up or down, with a higher volatility reflecting that an asset is more risky, as price movements are less easy to predict and can swing in any direction. The volatility metric referred to here is called "realized volatility", otherwise known as as "historic volatility" and describes these price swings over a given period of time - and consequently is not looking into the future. Despite the rise of several cryptocurrencies since 2021, Bitcoin still had the highest market share ("dominance") of all cryptocurrencies in 2022.
Volatility - the price fluctuation - of Bitcoin (BTC) from January 1, 2021 to January 27, 2024
Rolling 10-day realized volatility, benchmarked against the S&P 500
Supplementary notes
Volatility measures the past changes in price over a given period of time. Crypto generally tends to be more volatile than, say, gold as the average price of most cryptocurrencies changes relatively more often and more severely.
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Website (Portfolioslab.com). (January 29, 2024). Volatility - the price fluctuation - of Bitcoin (BTC) from January 1, 2021 to January 27, 2024 [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1306877/bitcoin-price-swings/
Website (Portfolioslab.com). "Volatility - the price fluctuation - of Bitcoin (BTC) from January 1, 2021 to January 27, 2024." Chart. January 29, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1306877/bitcoin-price-swings/
Website (Portfolioslab.com). (2024). Volatility - the price fluctuation - of Bitcoin (BTC) from January 1, 2021 to January 27, 2024. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1306877/bitcoin-price-swings/
Website (Portfolioslab.com). "Volatility - The Price Fluctuation - of Bitcoin (Btc) from January 1, 2021 to January 27, 2024." Statista, Statista Inc., 29 Jan 2024, https://www.statista.com/statistics/1306877/bitcoin-price-swings/
Website (Portfolioslab.com), Volatility - the price fluctuation - of Bitcoin (BTC) from January 1, 2021 to January 27, 2024 Statista, https://www.statista.com/statistics/1306877/bitcoin-price-swings/ (last visited December 21, 2024)
Volatility - the price fluctuation - of Bitcoin (BTC) from January 1, 2021 to January 27, 2024 [Graph], Website (Portfolioslab.com), January 29, 2024. [Online]. Available: https://www.statista.com/statistics/1306877/bitcoin-price-swings/