Bitcoin saw significant price swings in March, exceeding $94,000 before dropping to nearly … More
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March marked a peak in bitcoin’s price volatility, with the cryptocurrency experiencing considerable value changes throughout the month.
The annualized 30-day volatility of the cryptocurrency reached 71.28% on March 24, based on data compiled by Blockforce Capital.
This figure represented the highest volatility level observed since April 14, 2024, according to additional statistics from Blockforce Capital.
During March, the digital currency soared past $94,000 at the beginning of the month and nearly fell to $77,000 by mid-month, as indicated by Coinbase data from TradingView.
The significant price movements in March starkly contrasted with February, when the annualized 30-day volatility dropped to 30.98% on February 23.
At that time, volatility levels were nearly half of the 61.25% average that bitcoin has maintained over the past decade, with records dating back to 2013.
The spike in annualized 30-day volatility in March aligns with bitcoin’s historical trends of experiencing dramatic price swings. Since its inception in 2009, this leading cryptocurrency has undergone numerous bull and bear markets.
This pronounced volatility has attracted extensive attention to the digital asset, but it has also served as a warning for some investors.
Disclosure: I own some bitcoin, bitcoin cash, litecoin, ether, EOS, and SOL.
