Bitcoin Volatility Reached 5-Month High In November

Bitcoin Volatility Reached 5-Month High In November

Bitcoin price volatility reached a multimonth high late last month. (Photo by Jordan Mansfield/Getty ... [+] Images)



Getty Images

Bitcoin volatility climbed to its loftiest level since June last month, rising to this point as the digital currency's price flirted with fresh highs.

The cryptocurrency's 30-day annualized volatility reached 68.64% on November 30, the most since June 5, according to data provided by asset manager Blockforce Capital.

The volatility measure increased to this level the same day that bitcoin appreciated to $19,354.98, less than 5% below the prior high of $19,783.21 it had set in December 2017, CoinDesk figures show.

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]

Bitcoin experienced some notable price action in November, climbing to $19,392.91 on November 24, additional CoinDesk data reveals.



At that point, the digital currency was trading at its highest point so far this year, and was up roughly 40% for the month.

After enjoying this rally, the cryptocurrency's price suffered a pullback, declining to $16,242.70 on November 26.



The