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Bitcoin is becoming a lot less volatile

Bitcoin is a digital asset that has a notorious reputation for wild price swings. Rather than being seen as a store of value or medium of exchange, like any other normal currency, it has been classified by many investors as a risk asset.

Yet could this be about to change?

Several pivotal factors are now steering Bitcoin towards a path of diminishing volatility. The stabilising influence of institutional investors, and Bitcoin's potential role as a reserve asset could infuse greater stability into this cryptocurrency. There are encouraging signs pointing towards a more mature and stable Bitcoin and that’s what this data visualisation from chartr is about.

1. Bitcoin has been a lot less volatile in 2023

Source: chartr

In short, the range that Bitcoin now extends across a calendar year has shrunk considerably. We will have to wait and see what this means over the longer term.

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